May 20, 2015 20:24 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.14% while the 10yr should open around 3.21%.AU swap yields 1-3 month: Yields are starting to reverse lower with the continuation of the US economic...
May 20, 2015 20:23 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 3bp at 3.35% while the 10yr should open down 1bp at 4.01%.NZ swap yields 1-3 month:...
Key points in the Minutes from the April 28-29 FOMC meeting
May 20, 2015 19:14 pm UTC| Commentary
Its still looking like September lift-off, according toBMO Capital Markets Economics.See three key points in the Minutes from the April 28-29 FOMC meeting: First, appetite for June lift-off is waning. A few anticipated...
US FOMC minutes push first rate hike into H2
May 20, 2015 18:50 pm UTC| Commentary
The minutes of the late April FOMC meeting revealed that most officials still believed the weakness in first-quarter activity was "partly or even largely transitory". Regardless of whether it was transitory or more...
Euro-zone composite PMI might have fallen again in May
May 20, 2015 18:15 pm UTC| Commentary
After having fallen for the first time in five months in April, there are reasons to think that euro-zone composite PMI (09.00 BST) might have fallen again in May.Oil prices have rebounded and concerns about Greeces future...
Fundamentals remain robust for recovery in UK spending
May 20, 2015 17:55 pm UTC| Commentary
UK April retail sales figure (09.30 BST) should hopefully show that Marchs fall of -0.5% was just temporary.Indeed, with wage growth strengthening, unemployment low and falling, confidence high, and consumers yet to spend...
Chances of near-term easing by the Bank of Japan have diminished
May 20, 2015 17:38 pm UTC| Commentary
The 0.6% q/q increase in Q1 GDP was stronger than expected, but largely the result of an outsized 0.5 ppt boost from stockbuilding.Admittedly, Wednesdays figures suggest that the chances of near-term easing by the Bank of...
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’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects