No sign of a sustainable recovery expected in Hong Kong's export
Jun 23, 2015 22:34 pm UTC| Commentary
Hong Kong will release May trade data on 25 June. Exports are expected to have fallen 2.0% y/y (versus a 2.2% increase in April) and imports to have dropped 2.2% (versus a 2.9% drop).Last years high base likely dragged...
US Q1 GDP probably still weak, but less so than previously
Jun 23, 2015 21:52 pm UTC| Commentary
A slight upward revision is expected to Q1 GDP growth to -0.2% q/q SAAAR (the consensus view) from -0.7%, when the third print is released (Wednesday, 08:30 ET). This would be on better private consumption, investment and...
Jun 23, 2015 21:39 pm UTC| Commentary
US data were mixed overnight, with a slightly disappointing durable goods report, and a solid beat on housing sales. On durables, aircraft orders were a major drag on the headline (-1.8%m/m vs. est. -1.0%), but more...
Eurozone PMIs came in better than expected
Jun 23, 2015 21:16 pm UTC| Commentary
Eurozone PMIs came in better than expected. The headline composite index crept higher to 54.1 (from 53.6) with firm readings in both manufacturing (52.5 from 52.2) and services (54.4 from 53.8) components.The national...
Jun 23, 2015 20:26 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields followed the US, rising slightly from 2.10% to 2.13%, while the 10yr rose from 3.08% to...
Jun 23, 2015 20:24 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields rose from 2.36% to 2.43% (two-week high) and then consolidated. After the strong home sales data, the Atlanta Fed upgraded its prediction for Q2 GDP from 1.9% to...
Jun 23, 2015 20:21 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: Rising to 1.1305 (Oct 2014 high) which should provide some resistance.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ is currently in...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects