UK inflation above consensus will trigger market reaction
May 19, 2015 06:59 am UTC| Commentary
Will inflation in the UK ease below zero? That is the question the markets are asking today in connection with the publication of the April data.According to consensus prices are likely to have stagnated again yoy. Even...
EUR-USD: The market continues to believe in monetary policy divergence
May 19, 2015 06:50 am UTC| Commentary
A combination of EUR weakness and USD strength drove EUR-USD back towards 1.13 yesterday. There were no data publications or other news that had triggered the move. Even though Greece was once again dominating the...
Commodity Road map - Strong demand the key to oil market strength
May 19, 2015 06:30 am UTC| Commentary
The main contribution to oil-market rebalancing has come from demand. ILZSG data shows the refined zinc market quarterly surplus in Q1-2015 was the largest since 2011. The decline in US shale oil output looks set to...
General credit market news: May 19th, 2015
May 19, 2015 06:25 am UTC| Commentary
European credit indices remained range bound last week with iTraxx main trading the 59.5-62.5 range, ending unchanged at around 60bp. The iTraxx Crossover index was range bound between 272bp and 293bp, closing more or less...
BoE's decision likely to remain unanimous
May 19, 2015 06:12 am UTC| Commentary
The members of the Bank of England (BoE) Monetary Policy Committee (MPC) are expected to have voted unanimously to keep the bank rate unchanged at their May meeting. The minutes of the meeting, due on 20 May, will likely...
CBRT will most likely keep rates unchanged
May 19, 2015 06:10 am UTC| Commentary
Turkeys central bank (CBRT) holds its next Monetary Policy Committee (MPC) meeting on 20 May. It may keep all rates unchanged, with the policy rate(one-week repo rate) at 7.50% and the interest-rate corridor intact,...
Indonesia's external sector concerns to weigh on the BI decision
May 19, 2015 06:00 am UTC| Commentary
While there are indications that domestic demand in Indonesia - which has so far been propping up the economy - is showing signs of weakening, BI would have little monetary policy space to cut rates just to prop up demand....