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...

China posts another weak PMI

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...

Expect a temporary decline in the Brazil's unemployment rate in April

May 21, 2015 05:55 am UTC| Commentary

In Brazil, the unemployment rate is expected to post a first decline in four months, falling by two ticks to 6.2% in April. The seasonally adjusted unemployment rate, which rose to 5.8% in March from 5.1% in December, is...

Brazil's supply side economy likely contracted -0.7% yoy in March, -0.4% qoq in Q1

May 21, 2015 05:49 am UTC| Commentary

Despite yet another decline, Brazils industrial production growth in March (-3.5% yoy) was better than expected (-5.1% yoy), suggesting that the economy likely contracted by -0.7% yoy in the same month after falling...