Japan's April machinery orders likely grew m/m; May CGPI may have declined
Jun 05, 2015 10:29 am UTC| Commentary
Japan will release April machinery orders (MoR) and the May domestic corporate goods price index (CGPI) on 10 June. The core MoR likely increased for the second consecutive month in April by 1.2% m/m after rebounding 2.9%...
Japan Q1 GDP likely revised higher; C/A balance remained strong
Jun 05, 2015 10:27 am UTC| Commentary
Japan will release final Q1 GDP data on 8 June. Q1 GDP is expected to be revised slightly higher to 0.7% q/q on a seasonally adjusted basis (2.6% annualised) versus the preliminary reading of 0.6% q/q (2.4% annualised),...
India's May trade deficit likely remained in double digits
Jun 05, 2015 10:22 am UTC| Commentary
Indias trade deficit in May likely to remained at USD 10.6bn, similar to April. Gold imports likely declined 25% m/m as festival-related demand diminished and pent-up demand was exhausted."However, sluggish exports and...
India's May CPI inflation may have topped 5% again
Jun 05, 2015 10:18 am UTC| Commentary
After a temporary dip below 5% in April, May CPI likely jumped to 5.25% y/y. Higher food prices (especially of fruits, pulses and milk) likely pushed headline CPI higher. Crop damage due to unseasonal rainfall drove up...
Rapidly rising bond yields push gold price to multi-week lows
Jun 05, 2015 10:09 am UTC| Commentary
The gold price fell to a five-week low of a good $1,170 per troy ounce yesterday and is continuing to trade only marginally above this mark this morning. In euro terms, gold dropped briefly below 1,040 per troy ounce...
OPEC likely to confirm production target at 30m bpd
Jun 05, 2015 10:04 am UTC| Commentary
OPEC members are gathering for their scheduled semi-annual meeting today. Like the great majority of market participants, we expect OPEC to confirm its production target of 30 million barrels per day once again. After all,...
China's Q2 growth may decelerate
Jun 05, 2015 09:57 am UTC| Commentary
Chinas total investment growth likely decelerated further in January-May. Steel product and cement prices did not rebound despite accelerated approvals of new infrastructure projects. This implies that demand for key input...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects