Medium-term outlook for Euro area inflation depends on growth
Jun 04, 2015 05:33 am UTC| Commentary
The ECBs January decision to add sovereign debt to its asset-purchase programme was likely the last step in the easing cycle that began in June 2014. Since then, the ECB has lowered the refinancing rate to 0.05% from...
Daily Economic Outlook: 4th June, 2015
Jun 04, 2015 05:28 am UTC| Commentary
The data and events calendar is devoid of big hitters today and market focus will be on tomorrows US labour market report and the looming series of payments to the IMF by Greece this month, including around 300m on Friday....
Euro-area inflation accelerated more quickly than expected
Jun 04, 2015 05:07 am UTC| Commentary
Euro-area CPI inflation accelerated to 0.3% y/y in May, according to the preliminary estimate, up from 0.0% in April. At the 3 June post-meeting press conference, Draghi said this was in line with ECB expectations and adds...
Greece – Agreement remains elusive
Jun 04, 2015 04:32 am UTC| Commentary
Greece and its official creditors remain far from an agreement on the reform package that will unlock the final tranche of bailout loans. At the time of writing, discussions have been escalated to top officials. A...
Philippine's May inflation probably eased but pressure likely building
Jun 04, 2015 04:21 am UTC| Commentary
The Philippines will release May CPI data on 5 June. Inflation is expected to have eased to 1.9% y/y from 2.2% in April. This will likely bring YTD inflation to 2.3% y/y, versus the central banks full-year target of 2-4%....
Malaysia's trade balance likely improved on lower import growth
Jun 04, 2015 04:06 am UTC| Commentary
Malaysia will release April trade data on 5 June. Exports is expected to have dropped 2.7% y/y, says Standard Chartered. Exports grew 2.3% y/y in March, but fell 2.5% y/y in Q1. External demand from Malaysias major trading...
Jun 04, 2015 02:31 am UTC| Commentary
RBC Capital Markets notes:1-3 Month Outlook - Limited room to underperformINR was a middle of the road performer in May, dropping 0.63% against the USD. The modest weakness was partly attributable to follow through selling...
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