U.S. mortgage rates continue their two-year decline
Sep 21, 2015 02:00 am UTC| Commentary Economy
US mortgage rates continue their two-year decline. Last weeks decision by the Fed not to hike Fed funds pushed 15Y fixed mortgage rates down by another 5 basis points to 2.92%, where they sat back in early-2013, just...
Risks of rate cut underestimated in Taiwan
Sep 21, 2015 01:47 am UTC| Commentary Central Banks
This weeks central bank meeting will be interesting to watch. While the market consensus expects Taiwans central bank (CBC) to hold rates steady at 1.875%, the risk of a surprise rate cut to 1.75% shouldnt be...
UK manufacturing sector struggling in the face of weak export demand
Sep 21, 2015 01:39 am UTC| Commentary
The UK manufacturing sector is struggling. Output has fallen in three of the last four months, with a dip of 0.8% mom in July, the most recent observation. The main culprit appears to be weak external demand. The September...
UK public finances continue on their improving path
Sep 21, 2015 00:54 am UTC| Commentary Economy
The UK budget deficit is clearly improving compared to the previous fiscal year. In the four months to July, spending was flat compared to the same period a year earlier whereas revenues were up 4.4%. As always, there are...
French business confidence to remain unchanged in September
Sep 21, 2015 00:38 am UTC| Commentary
The French National Statistical Institute (INSEE) business confidence index for the entire economy is expected to remain unchanged at 100 in August (historical average = 100), while the manufacturing index is expected to...
Euro area money supply growth to remain buoyant but slight softening expected
Sep 21, 2015 00:30 am UTC| Commentary
Euro area M3 money supply growth recovered from a lacklustre 1.1% yoy in May 2014 to a buoyant 5.3% in July 2015. The three-month moving average is expected to remain constant at 5.1%. We expect the pattern of...
Euro area PMIs to remain steady in September
Sep 21, 2015 00:19 am UTC| Commentary
Any drastic changes are not expected in the PMI values to be released this week. The composite PMI for the euro area as a whole will again be 54.3, with a decline in the manufacturing PMI balanced out by a slight increase...
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