Daily Economic Outlook: 16 July, 2015
Jul 16, 2015 04:17 am UTC| Commentary
The ECB meeting will dominate proceedings today. While policy rates are anticipated to remain unchanged, there is expected to be a review of the Emergency Liquidity Assistance (ELA) provided to Greek banks, which has been...
Kiwi down after subdued CPI data
Jul 16, 2015 03:56 am UTC| Commentary
The NZD/USD pair is currently trading around $0.6530 on Thursday after the CPI data was released. It is lowest in 5 years. Earlier today Statistics New Zealand reported a 0.4% rise in the CPI last quarter, coming in below...
Fed Semi annual testimony, positive description of US labour market
Jul 16, 2015 03:33 am UTC| Commentary
The description of recent developments in the labour market and growth in general was also positive, although indicators suggest that there is still some slack in the labour market. On inflation, the Fed also seems only...
Fed Chair Yellen July testimony, more upbeat than usual
Jul 16, 2015 03:28 am UTC| Commentary
In the July semi-annual Monetary Policy Report to Congress, Chair Janet Yellen reiterated the message from her speech on Friday that a first fed funds rate hike this year is likely to be appropriate. In general, the...
Singapore June data shows rebound in electronics
Jul 16, 2015 03:23 am UTC| Commentary
Non-oil domestic exports expanded 4.7% y/y in June. However, on a m/m sa basis, exports declined 2.4%, consistent with our expectation for a further m/m moderation from the March surge in and reflecting a larger seasonal...
Chinese data beat expectations, with Q2 GDP at 7.0% YoY
Jul 16, 2015 02:16 am UTC| Commentary
Chinese data beat expectations, with Q2 GDP at 7.0% YoY, which prompted Chinese stocks to close lower, as good news means no more stimulus: The Shanghai market was -3.0% and a swathe of individual stocks closed limit down...
Nickel: break above 12200/12500 still needed to suggest a meaningful recovery
Jul 16, 2015 01:06 am UTC| Commentary
Break below 15Y trend has accelerated the down move in Nickel and it has achieved our target (10300). It took support at the perennial graphic level of 10500/200. Nickel has embarked into a rebound but it will take a break...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects