Greece progress likely but no guarantee of success at the EA summit

Jun 22, 2015 06:10 am UTC| Commentary

The negotiation is going to take place at the EA Head of States level,though a Eurogroup meeting will also be held on Monday afternoon, after the unsuccessful meeting last Thursday.This is seen as the last chance to broker...

US Consumer spending finally on a rebound after a winter pause

Jun 22, 2015 06:01 am UTC| Commentary

The reported May increase in auto sales combined with a solid increase in retail sales suggest that consumer spending finally rebounded that extended into the early spring."Personal spending rose by 0.8% m/m in May, after...

Euro area's composite PMI likely softened marginally

Jun 22, 2015 05:59 am UTC| Commentary

There are signs that banks in Europe are starting to lend more confidently, and the weaker euro and lower oil price are still supporting the economy. This loss of steam is expected to be concentrated mostly in Germany and...

Taiwan overseas orders likely declined due to weak China demand

Jun 22, 2015 05:47 am UTC| Commentary

Taiwan is scheduled to release May export orders data on 23 June.The export orders is likely to have declined 5.8% y/y, which posted 4.0% decline in April, estimates Standard Chartered. Tech orders likely remained in...

US durable goods orders to show a bottoming in capex

Jun 22, 2015 05:07 am UTC| Commentary

Landscape for durable goods orders is expected to improve gradually after two weak quarters ."A 0.8% m/m Increase in total bookings in May and a 1.0% m/m rise in orders excluding transportation", projected Socgen which are...

US home resales to climb a two-year high.

Jun 22, 2015 05:03 am UTC| Commentary

Home sales, which are pending that capture contract signings on home resales, rose in April to the highest level since 2007, and sale closings, increased by 4.2% to 5.25 mln in May, allowing for some lags and contract...

Singapore's inflation probably remained benign in May

Jun 22, 2015 04:51 am UTC| Commentary

Singapore will release May inflation data on 23 June.According to Standard Chartered, "the inflation rate is expected to have remained at -0.5% y/y for a second consecutive month on a favourable base effect. Inflation will...