China struggles to support equities and growth
Jul 03, 2015 03:41 am UTC| Commentary
In parallel to the political drama in Greece, Chinas authorities took decisive easing measures last weekend, including benchmark rate cuts, RRR cuts and a relaxation of marginregulations. This was a direct response to...
Inflation bottomed in EA,but likely to remain subdued
Jul 03, 2015 03:35 am UTC| Commentary
Despite encouraging signs that the rebound in tradable goods prices has momentum, we believe services inflation has yet to turn the corner: after an uptick in May, services inflation was back to 1% in June, its lowest...
Jul 03, 2015 03:33 am UTC| Commentary
Greek PM Tsipras surprised everyone by calling a referendum on 5 July to ask Greeks whether or not they accept the latest proposals presented by the institutions. The Greek government and its ruling coalition is supporting...

India monsoon tracker: Mean reversion in place
Jul 03, 2015 02:29 am UTC| Commentary
The south-west monsoon rains are reverting back to normal territory. After a significant improvement in late June, rainfall conditions are normalising. Cumulative rainfall between 1 June and 2 July stood at 10% above...
RBNZ expected to cut the OCR to 2.5% by October 2015
Jul 03, 2015 00:17 am UTC| Commentary
Westpac Research notes:Before today we were forecasting 25bp OCR reductions in July and September. On top of the June cut that has already occurred, our forecast implied a total of three OCR cuts in 2015, and a terminal...
Bank of England not expected to change policy
Jul 03, 2015 00:10 am UTC| Commentary
The BoE is not expected to change policy when the Monetary Policy Council meets next Thursday. Of course, we wont know anything about the dialogue that unfolded until minutes to the meeting arrive on July 22nd. The next...
US June nonfarm payrolls and the case for a September start to normalisation
Jul 02, 2015 23:12 pm UTC| Commentary
As the pivotal September FOMC meeting draws ever closer, the magnitude and quality of job gains becomes all the more important. Key from the June post FOMC meeting press conference of Chair Yellen was: (1) her strong...