May 19, 2015 15:57 pm UTC| Commentary
Good news to share today with your euro customers as the single currency has fallen nearly three cents from last weeks three month highs. The ECB shoved the euro lower after a central bank official said the bank would...
Surge in building permits suggests more homebuilding activity in U.S. ahead
May 19, 2015 15:54 pm UTC| Commentary
U.S. housing starts surged 20.2% to 1,135,000 units annualized. This is the biggest monthly % move since Feb 1991, it doubled expectations and is the highest level since Nov 2007.The gains were spread between singles...
Germany punches below the belt for economic optimists
May 19, 2015 12:38 pm UTC| Commentary
The ZEW expectations index for the German economy fell surprisingly steeply in May from 53.3 to 41.9 points. This probably came as a punch to the stomach for economic optimists, as there are now increasing signals that the...
Stronger European growth, US weakness, more hawkish MPC
May 19, 2015 12:09 pm UTC| Commentary
Analysts believe that the upward revisions to Euro Area consensus growth forecasts have now largely run their course (taking 2016 GDP consensus to 1.8%). Likewise, the correction in 10-year Bund yields from 7bp to 72bp...
Supply concerns overshadow dollar weakness
May 19, 2015 12:07 pm UTC| Commentary
Weakness in the US dollar and rising oil prices would normally be considered positive for agricultural commodity prices. However, despite a 3.5% fall in the value of the US currency and a 5% rise in the price of Brent...
Emerging Markets exports raise questions over global demand
May 19, 2015 12:02 pm UTC| Commentary
Several factors help explain why the dollar value of exports from emerging markets fell sharply in March, including lower commodity prices, the strength of the US dollar and distortions in Chinas trade data. But the...
May 19, 2015 10:49 am UTC| Commentary
The UK has finally joined other advanced economies in experiencing deflation. This is a positive development and the risk that deflation becomes ingrained and so starts to have adverse effects remains very low. Indeed,...
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