May 28, 2015 20:39 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.08% while the 10yr should open around 3.08%. The weak CAPEX report may excite market pricing for additional RBA rate cuts.AU swap yields 1-3 month:...
May 28, 2015 20:38 pm UTC| Commentary
Westpac Research notes:NZ swap yields 1 day: Given the movement in interest rates in key markets overnight, the NZ 2yr should open down 2bp at 3.37% while the 10yr should open unchanged at 3.95%.NZ swap yields 1-3 month:...
Initial estimate of Russia's Q1 15 GDP points to better prospects
May 28, 2015 17:34 pm UTC| Commentary
While Russias monthly indicators released for Q1 15 highlighted pronounced negative dynamics, the initial estimates of quarterly GDP do not seem that bad (Rosstat: -1.9% yoy, SG: -2.7% yoy, CNS: -2.6% yoy).With contraction...
U.S. housing has an encouraging start to Q2
May 28, 2015 16:54 pm UTC| Commentary
U.S. pending home sales jumped 3.4% in April, tripling expectations, and are now 14.0% above a year ago, the most since September 2012.Gains werent limited to just one particular region. All four corners of the country saw...
Canada's current account deficit widens in Q1
May 28, 2015 16:32 pm UTC| Commentary
Canadas current account deficit widened to $17.5 billion in the first quarter of 2015 from $13.1 billion (revised from $13.9 billion) in the final quarter of 2014. The Q1 deterioration in Canadas international trade...
Canada small and medium-sized business confidence comes to a standstill in May
May 28, 2015 16:22 pm UTC| Commentary
The CFIB Business Barometer remained largely unchanged in May at 60.6, after declining to 60.5 the previous month. Keeping in mind that an index level in the range of 65 to 70 is usually observed when the economy is...
May 28, 2015 15:41 pm UTC| Commentary
Western Union:U.S. jobless claims unexpectedly rose but shouldnt deal a meaningful setback to the dollars resurgence as the underlying trend remained one of strength.Weekly jobless claims jumped to 282,000 from 275,000,...