Germany: Decline in early retirement leads the way
Jul 01, 2015 03:33 am UTC| Commentary
In Germany, the dissociation between the working age population and the labor force, which rose 2.5% has been as striking as in Japan.A rise in female labor force participation was an important driver of the implied rise...

South Korea's services inflation rises despite MERS
Jul 01, 2015 02:02 am UTC| Commentary
South Koreas inflation ticked higher to 0.7% y/y in June (May: 0.5%; April: 0.4%), in line with consensus but below the forecast (0.8%). The pickup is consistent with the view that inflation bottomed in March-April at...
Canada's real GDP fell 0.1% in April
Jun 30, 2015 22:48 pm UTC| Commentary
Canadas April GDP release was particularly disappointing (-0.1%m/m, cons +0.1%). Within the sector breakdown, mining, oil gas was a key source of weakness, partly due to "maintenance shutdown and production difficulties"...
Aging and the global workforce
Jun 30, 2015 21:39 pm UTC| Commentary
The working age population of the existing centers of global economic activity has stopped rising and begun to fall. All else equal (including in particular productivity growth and labor force participation), the implied...
Jun 30, 2015 20:45 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields ranged between 2.06% and 2.11%, while the 10yr yield ranged between 3.02% and...
Jun 30, 2015 20:44 pm UTC| Commentary
Westpac Research notes:The US 10yr treasury yield ranged sideways between 2.31% and 2.38%. Fed VC Fischer said the FOMC will consider hiking rates in coming months, adding the moves would be...
Jun 30, 2015 20:42 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: Broke above the stubborn 1.1300 level and if sustained today, targets 1.1580 during the weeks ahead.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk),...