Brazil – The BCB is not done tightening
Jun 10, 2015 21:59 pm UTC| Commentary
Banco Central do Brasil (BCB) releases the minutes of the 3 June COPOM meeting on 11 June. The minutes are expected to continue beating the hawkish drum.Last weeks post-meeting statement was virtually identical to the...
US – May retail sales to look impressive from afar, less so up close
Jun 10, 2015 21:56 pm UTC| Commentary
May retail sales (11 June, 08:30 ET) is expected to have been boosted by gas prices and strong car sales.This strong headline figure should support expectations that consumer spendings contribution to growth may firm up in...
Euro area – Industrial production likely registered modest growth
Jun 10, 2015 21:44 pm UTC| Commentary
Euro-area industrial production, ex construction (IP) likely registered 0.3% m/m growth in April, which translates into a 1.1% increase compared to a year ago. This is in line with the most recent six-month average...
Jun 10, 2015 21:30 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields initially jumped from 2.09% to 2.13% but then ranged sideways. The 10yr yield followed the US and rose from 3.04% to...
Jun 10, 2015 21:28 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields rose from 2.43% to 2.49% - the highest level since October. One of the worlds largest bond funds reported it significantly cut its holdings of US treasuries in...
Jun 10, 2015 21:23 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: Remains in a 0.7600-0.7800 range for now.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next few months. The next major...
Jun 10, 2015 20:58 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.20% while the 10yr should open around 3.42%.AU swap yields 1-3 month: The 10yr should continue to rise, following US yields, and targets above...