Canadian homebuilding at a more normal level after wild weather-related swings in recent months
May 08, 2015 12:49 pm UTC| Commentary
Canadian housing starts slipped to 181,800 annualized units in April, somewhat below expectations, and the prior month was revised down a touch to 189,500 (from 189,700).Overall, this marks a more normal level of...
Bank Negara Malaysia keeps rates unchanged
May 08, 2015 02:58 am UTC| Commentary
Bank Negara kept its policy rates unchanged at 3.25% at its 7 May monetary policy meeting. The central bank remains comfortable with its policy stance, despite the recent volatility in the currency and the negative terms...
South Africa Q2 activity off to a choppy start
May 08, 2015 02:43 am UTC| Commentary
In South Africa, the early Q2 activity prints, ie, the April PMIs and car sales data, released this week were rather mixed, pointing to a broadly choppy start to the second quarter.The manufacturing PMI printed in...
Brazil Copom minutes: The mindset of another hike
May 08, 2015 01:22 am UTC| Commentary
The Copom April meeting minutes released earlier today brought a more hawkish message than expected, which means the Copom is likely to hike the Selic rate in the next meeting by 25bp.The Copom would bring a fairly...
A firm rebound expected in US payrolls
May 07, 2015 23:18 pm UTC| Commentary
In tonights report, the economists look for a firm rebound in US payrolls, back above the 200K threshold.Another tick lower in the unemployment rate to 5.4% from 5.5% is seen. March was not the cleanest of employment...
RBA Statement on Monetary Policy to release this morning
May 07, 2015 22:51 pm UTC| Commentary
In the RBA Statement on Monetary Policy this morning, it is expected to see updated projections that run in line with the Banks rate cut earlier in the week.Markets will be interested in the degree to which the banks...
April employment report the main release out of Canada this week
May 07, 2015 22:37 pm UTC| Commentary
Tonights April employment report is the main release out of Canada this week, and is one of the first pieces of hard data from Q2.Consensus look for a soft outcome with the lingering overhang from announced job cuts in the...