A new measure could provide earlier insights into portfolio flows to Korea
May 29, 2015 04:33 am UTC| Commentary
A proprietary measure of daily same-day gross bond flows has been developed by Standard Chartered that provides earlier insight into portfolio flows to Korea than data from the Korean Financial Supervisory Service (FSS),...
Daily Economic Outlook: 29th May, 2015
May 29, 2015 04:20 am UTC| Commentary
After yesterdays second estimate of UK Q1 GDP, which reaffirmed the preliminary 0.3% q/q print, markets will be focussed on the second estimate for the same quarter in the US. The initial US release indicated that activity...
South Korea's exports likely continued their downtrend in May
May 29, 2015 02:32 am UTC| Commentary
South Korea will release May trade data on 1 June. Exports are expected to have dropped for a fifth consecutive month by 11.0% y/y, more than the 8.1% drop in April.Exports fell 7.8% y/y in the first 20 days of May,...
RBA likely to pause rate cuts from June
May 29, 2015 02:24 am UTC| Commentary
The Reserve Bank of Australia (RBA) is expected to leave the policy cash rate unchanged at 2.00% at the Monetary Policy Committee (MPC) meeting on 5 June.It is believed that the RBA will maintain an easing bias, which it...
India - RBI to ease monetary policy
May 29, 2015 02:18 am UTC| Commentary
The Reserve Bank of India (RBI) is expected to reduce its repo rate 25bps to 7.50% when it meets for its monetary policy decision on 2 June. Inflation stayed subdued at 4.87% y/y in April.Though the forecast of less than...
May 29, 2015 01:10 am UTC| Commentary
Barclays notes:The JGB market was firm this week despite marked changes in the external environment, with weakness in the yen and an equity...
May 29, 2015 01:08 am UTC| Commentary
Barclays notes:Ambitious fiscal targets require welfare expenditure growth to fall further. 10yr asset swaps have underperformed, we turn neutral at current levels. We await further fiscal news in Julys Budget but we...