Weak April exports should further raise the likelihood of a BoK rate cut in May

Apr 30, 2015 05:55 am UTC| Commentary

A further weakness is expected in Koreas exports in April given the sizeable year-on-year decline in exports in the month up to 20 April.Societe Generale sees a decline in exports from USD 47.0bn in March to USD 46.0bn in...

US ECI to show a pickup in wage growth

Apr 30, 2015 05:53 am UTC| Commentary

The US Employment Cost Index is expected to register a 0.6% sequential increase in the first quarter, says Societe Generale. This is close to the gain reported in Q4 and appears benign on the surface; however, it will push...

Flash April Italian HICP to rise to 0.2% yoy

Apr 30, 2015 05:49 am UTC| Commentary

Italian HICP inflation printed at 0.0% yoy after its reading of 0.1% yoy in February. Eventhough the energy component rose from -8.4% yoy to -6.5% yoy, adding 19bp to the headline numbers, and food prices added a further...

German unemployment to fall by 12K in April

Apr 30, 2015 05:47 am UTC| Commentary

Germanys unemployment rate is expected to remain stable at its new historical low of 6.4%. While conditions have remained robust in the German labour market, there has been some weakening in the outlook.Societe Generale...

Spanish April consumer prices to continue marching higher

Apr 30, 2015 05:44 am UTC| Commentary

Spanish HICP inflation rose to -0.8% yoy in March after its reading of -1.2% yoy in February. This leap forward came on the back of higher energy- and food prices. Services- and goods price pressures remained contained and...

April euro area inflation to continue its rebound

Apr 30, 2015 05:42 am UTC| Commentary

March euro area HICP inflation quickened to -0.1% yoy from -0.3% yoy in February. Coreinflation was at 0.6% yoy, down from 0.7% yoy in February. The energy component explained the bulk of the rise in inflation, up from...

Banxico likely to hold back, awaiting the Fed’s move

Apr 30, 2015 05:26 am UTC| Commentary

The Banco de Méxicos (Banxicos) board of governors decides on monetary policyon Thursday 30 April. Markets expect the board to leave the policy rate unchanged at 3.0%.In its 26 March meeting, Banxico expressed an...