LMCI shows more signs of a pickup in the U.S. jobs environment
Jun 08, 2015 17:20 pm UTC| Commentary
The Federal Reserves Labor Market Conditions Index (LMCI) finally managed to crack the zero mark in May. The index rose 1.3 pts last month, after declining for two consecutive months.Note that Aprils 1.9 pt decline was...
Norges Bank’s likely to cut rates at June meet
Jun 08, 2015 17:07 pm UTC| Commentary
Norway inflation has surprised us on the downside so far this year. As expected last years NOK weakness has lifted imported inflation, but with a drop in domestic inflation from close to 3% at year-end to 2% in April...
Canadian housing sector continues to show surprising strength
Jun 08, 2015 16:56 pm UTC| Commentary
Canadian housing starts showed surprising strength in May, as increased completions observed earlier in the year couldnt holdback momentum in multi-unit starts. Indeed, looking through the month-to-month volatility,...
Excessive yen depreciation not yet a concern
Jun 08, 2015 16:36 pm UTC| Commentary
The revised Q1 GDP figure (1.0% qoq or 3.9% qoq annualised) confirmed that Japan corporate activity is accelerating, stimulated by Abenomics policies. Abenomics is successfully progressing towards a complete exit from...
Jun 08, 2015 16:30 pm UTC| Commentary
Western Union notes:The Reserve Bank of New Zealand will make its next rate decision overnight on Wednesday.The kiwi dollar could rebound if the RBNZ dampen expectations that it could cut interest rates because of weaker...
Jun 08, 2015 16:30 pm UTC| Commentary
Western Union notes:Switzerland will publish their latest inflation report on Tuesday June 09 at 08:15 and expectations are for a drop in inflation from -1.1% (y/y) to -1.2%.Weaker inflation could increase pressure on the...
Jun 08, 2015 16:29 pm UTC| Commentary
Western Union notes:All eyes will be on Thursdays US retail sales data at 13:30 - the final top tier US economic report before the Federal Reserves June 17 interest rate announcement.Fridays impressive US jobs data has...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects