Jun 04, 2015 17:11 pm UTC| Commentary
BofA Merrill Lynch notes:With Bund yields turning, EUR/USD is likely to stall out and turn lower; particularly given its proximity to almost year-long trendline resistance at 1.1393. Against here, the larger downtrend for...
South African bonds/swaps have weakened more than US/Bund moves would justify
Jun 04, 2015 16:47 pm UTC| Commentary
South African bonds and swaps have sold off significantly over the past month. The weakeness is more than US/Bund moves would justify. The curve has bear steepened significantly with the 2s10s IRS spread 30bp steeper since...
Jun 04, 2015 15:48 pm UTC| Commentary
Danske Bank Markets:We expect a 1.4% m/m increase in overall US retail sales in May on the back of an increase in auto sales and higher gasoline prices.Greece and its creditors will work on reaching an agreement on Greeces...
Inflation in Russia is declining, but RUB depreciation remains a concern
Jun 04, 2015 15:40 pm UTC| Commentary
Russian inflation continued to decelerate in May, rising just 0.4% and 15.8% y/y, slightly below forecasts. On an incremental basis, inflation was up just 6.5% annualised during April and May. Food and services inflation...
US productivity decline driven by Q1 output weakness
Jun 04, 2015 15:25 pm UTC| Commentary
US productivity, as measured by the change in nonfarm business output per hour, fell 3.1% q/q saar in Q1. This was broadly in line with consensus expectations (-3.0%). Output for the nonfarm business sector was revised...
France FDI remain healthy despite its average positioning in international rankings
Jun 04, 2015 15:17 pm UTC| Commentary
Frances does not seem to have a very good standing in terms of international rankings. Yet Frances rather average rankings do not prevent a healthy inflow of foreign direct investment (FDI), despite a slowdown in 2013 and...
Jun 04, 2015 14:31 pm UTC| Commentary
Western Union:U.S. weekly jobless claims held below 300,000 for as many weeks. The dollar edged above lows as jobless claims fared better, moving to 276,000 from 284,000, better than forecasts of 279,000.Americas job...
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