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NJA: Central banks on hold amid poor manufacturing growth
Jun 21, 2015 23:18 pm UTC| Commentary
Attention in Asia will focus on central bank meetings and manufacturing/industrial production data. On Thursday, the BSP in the Philippines and CBC in Taiwan are scheduled to deliver decisions that will likely leave policy...
Central Bank of Turkey to leave interest rates unchanged
Jun 21, 2015 22:41 pm UTC| Commentary
The Central Bank of Turkeys (CBRTs) monetary policy committee (MPC) meets on Tuesday, 23 June. No change is expected across the interest-rate complex. Since the last meeting, the surprise result of Turkeys election has...
Euro area composite PMI likely softened marginally
Jun 21, 2015 22:16 pm UTC| Commentary
The euro-area composite PMI likely softened to 53.3 in June from 53.6 prior. Higher oil prices, uncertainty stemming from the Greek reform negotiations and slightly weaker-than-expected global growth are likely taking some...
Taiwan's overseas orders likely declined due to weak China demand
Jun 21, 2015 21:50 pm UTC| Commentary
Taiwan is scheduled to release May export orders data on 23 June. Export orders are expected to have declined 5.8% y/y, versus the 4.0% decline in April. Tech orders likely remained in positive territory, supported by...
Singapore inflation probably remained benign in May
Jun 21, 2015 21:30 pm UTC| Commentary
Singapore will release May inflation data on 23 June. Inflation is expected to have remained at -0.5% y/y for a second consecutive month on a favourable base effect.Inflation will likely remain dragged down by housing...
A critical week for Greece and Europe
Jun 21, 2015 21:24 pm UTC| Commentary
Monday marks the most critical date yet for Greece in the ongoing talks; the Eurogroup starts at 12h30 CET and the Euro Summit at 19h00 CET. With just 9 days left before the current bailout expires and 1.54bn falls due to...
European focus this week should be on Greek discussions
Jun 21, 2015 21:11 pm UTC| Commentary
The main European focus this week should be on Greek discussions which remain very fluid. On Friday, the ECB again raised the ELA limit for Greek banks. Todays emergency Eurogroup meeting offers the next potential for a...
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