May 21, 2015 20:13 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: Momentum remains negative, we target sub-0.7870.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next few months. The next major...
May 21, 2015 20:12 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.13% while the 10yr should open around 3.20%.AU swap yields 1-3 month: Yields are starting to reverse lower with the continuation of the US economic...
May 21, 2015 20:11 pm UTC| Commentary
Westpac Research notes:NZ swap yields 1 day: Given the movements in interest rates in key markets overnight, the NZ 2yr should open down 1bp at 3.36% while the 10yr should open down 3bp at 3.96%, flattening the curve...
Swings in oil and gasoline prices cloud Canadian retail outlook
May 21, 2015 19:40 pm UTC| Commentary
Despite the recent bounce in crude oil prices, the collapse in prices last autumn is still rippling through the retail environment this year through a slowdown in household income and a lower average price at the...
Euro-zone consumer confidence falls, but remains fairly high
May 21, 2015 18:34 pm UTC| Commentary
Mays decline in the EC measure of consumer confidence is another sign that the euro-zone economy has struggled to gather pace after Q1s slight pick-up in growth. Admittedly, the small fall in the index, from -4.6 in April...
PMIs suggest global growth still set to recover
May 21, 2015 18:17 pm UTC| Commentary
Preliminary PMIs for May, published on Thursday, suggest that global growth is likely to pick up a bit this quarter, but to remain unspectacular. A weighted average of Markits preliminary PMIs for the US, China, euro-zone,...
ECB QE looks set to continue at least until next Sept, and quite possibly beyond
May 21, 2015 18:09 pm UTC| Commentary
The minutes of the ECBs monetary policy meeting on 14th and 15th April (released on Thursday) underscored the message already given by Mario Draghi and colleagues, in the press conference after the meeting and in...
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