Bank of Canada to cut rates

Jul 10, 2015 07:25 am UTC| Commentary

After a string of Canadas disappointing activity data for the early part of Q2, what tipped the scale is a very weak April GDP print and a May trade report that clearly runs against the BoCs expectation of a rebound...

Inflation risks may prevent Norges bank from cutting rates further

Jul 10, 2015 07:04 am UTC| Commentary

Norways consumer price data for June is scheduled to release today. Since mid-2014 inflation has stood at roughly 2%. Underlying inflation has even reached 2.4% now and is therefore close to Norges Banks target of...

Will Greece’s reform proposals suffice for an agreement?

Jul 10, 2015 06:58 am UTC| Commentary

The Greek government last night presented its reform proposals, as its euro zone partners demanded. It is asking for an aid package worth around EUR 53bn for the coming three years. In return Athens is prepared to...

Korea plans to boost ailing exports

Jul 10, 2015 06:51 am UTC| Commentary Economy

The plans are part of the Korea governments broader move to shield its exports from Chinas slowdown and the prolonged weakness in JPY. South Korea is seeing the continual weakness in exports and softer domestic consumption...

UK trade deficit to widen in May

Jul 10, 2015 06:26 am UTC| Commentary

The deficit on UK goods and services narrowed sharply from 3093m in March to 1202m in April. A fall in the goods deficit excluding erratics caused the deficit to narrow largely, eventhough the services balance was...

Holidays dent France's industrial production in May

Jul 10, 2015 06:20 am UTC| Commentary Economy

Frances manufacturing production recorded a sharp fall (-2.5% mom, -2.8% yoy). The numerous and fluctuating bank holidays distrubed the countrys industrial output in May. Last year, three bank holidays fell on a Thursday,...

Mexico industrial growth likely weakened further in May

Jul 10, 2015 06:12 am UTC| Commentary

Trade data suggests UK industrial production likely weakened further in May, growing by just 0.8% yoy - the weakest growth in a year. This, however, still means that industrial output may have expanded in May on a...