Q2 real data shows trough for 2015
May 21, 2015 06:51 am UTC| Commentary
Q2 looks set to feel the largest (lagged) negative spillover effects from all the geo-political tension, with April Industrial Output providing the first indications at -4.5%YoY. While local food production "benefited"...
Will the BoJ signal more expansionary measures?
May 21, 2015 06:43 am UTC| Commentary
Tonights BoJ meeting promises to be an interesting affair. Consensus expectations are that the BoJ will continue with the current pace of QQE expansion (80 trn). However, looking at the recent behaviour of USD-JPY and...
Speculation about ECB´s QE program weighs on the EUR
May 21, 2015 06:38 am UTC| Commentary
The PMI is due for publication in the euro zone today. The weak economy continues to worry the ECB which is no doubt the reason why it is vehemently rejecting any specula-tion about an early end of the QE programme....
FOMC discussed weak economy and strong USD
May 21, 2015 06:35 am UTC| Commentary
The FOMC discussed the reasons for the weak start of the US economy into the New Year in detail. In the end the reasons given went back to the by now well-known transitory factors (bad weather, port strike). Some FOMC...
Mexican economy likely contracted in Q1 on sequential basis
May 21, 2015 06:26 am UTC| Commentary
March industrial production growth of Mexico (1.7% yoy and unchanged mom on a seasonally adjusted basis) came in as expected and could mean overall supply-side growth of 2.2% yoy for the month. Assuming the March growth...
New Zealand's economic forecasts
May 21, 2015 06:06 am UTC| Commentary
Since the December HYEFU in New Zealand, the Treasury has been surprised on the upside in terms of domestic economic activity, but on the downside for inflation. The new forecasts incorporate stronger than expected...
May 21, 2015 06:03 am UTC| Commentary
The Chinese Markit "flash" manufacturing PMI remained weak in May at 49.1, below market expectations (consensus: 49.3). Although the headline PMIimproved from its previous final reading of 48.9, the output sub-index...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects