May 19, 2015 20:42 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: Another strong US dollar day has again hurt AUD/USD. We target the 0.7865-0.7900 area.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD...
May 19, 2015 20:41 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.19% while the 10yr should open around 3.27%.AU swap yields 1-3 month: Yields are starting to reverse lower with the continuation of the US economic...
May 19, 2015 20:40 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 up 1bp at 3.44% while the 10yr should open up 3bp at 4.02%.NZ swap yields 1-3 month: Short...
U.S. housing starts surged twenty percent in April
May 19, 2015 19:08 pm UTC| Commentary
U.S. housing starts surged twenty percent in April, the highest since Nov 2007, and the biggest percent increase since 1991. Housing is a significant driver of jobs with its multiplicative impact on consumer discretionary...
UK households well-placed to endure renewed fiscal squeeze
May 19, 2015 18:54 pm UTC| Commentary
UK households have rarely had it so good - no inflation, strong jobs growth, reviving earnings, a breather from austerity and falling borrowing costs. As a result, Capital Economics expects that real household spending...
Australia Westpac consumer confidence index to gauge households’ reaction to the Federal Budget
May 19, 2015 18:25 pm UTC| Commentary
The Australia Westpac consumer confidence index (01.30 BST) will be one of the first opportunities to gauge households reaction to the Federal Budget.The small business package in particular appears to have been well...
Fall in ZEW investor sentiment dents Germany's economic outlook
May 19, 2015 18:02 pm UTC| Commentary
Mays fall in German ZEW investor sentiment, from +53.3 to +41.9, suggested that growing fears over Greece together with the recent rise in bond yields and appreciation of the euro exchange rate have damaged the economic...
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