UK – MPC likely unanimous for now, labour market to continue to improve
Jun 15, 2015 22:06 pm UTC| Commentary
The Bank of England Monetary Policy Committee (MPC) view was likely unanimous at its June meeting in terms of keeping the bank rate unchanged. The minutes will likely show divergent outlooks within the MPC regarding how...
Euro area – CPI likely matched the flash at 0.3%
Jun 15, 2015 21:46 pm UTC| Commentary
The final euro-area CPI inflation rate for May, due on 17 June, is expected to match the flash release at 0.3% y/y, up from 0.0% prior. Core CPI likely also matched the flash, up to 0.9% y/y. Although this likely inflation...
Singapore – May NODX growth improvement due to base effects
Jun 15, 2015 21:36 pm UTC| Commentary
Singapore will release May non-oil domestic exports (NODX) data on 17 June. NODX is expected to have grown 5.1% y/y, from 2.2% a month ago, on base effects."We forecast a decline of 1.5% y/y in electronics exports for the...
Jun 15, 2015 20:31 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields initially fell from 2.37% to 2.31% but rebounded in NY to...
Jun 15, 2015 20:30 pm UTC| Commentary
Westpac Research notes:Australian 10yr government bond (futures) yields initially fell from 2.08% to 2.00% but retraced in...
Jun 15, 2015 20:28 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: The rally has slowed at the 1.1100 area.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ is currently in easing mode. Expected RBA vs...
Jun 15, 2015 20:27 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: A minor base forming at 0.6940 but it should eventually give way. Dairy prices tonight are a potential catalyst.NZD/USD 1-3 month: Multi-month, we expect the US dollar uptrend to...