Mexican central bank likely to cut key interest rate by 50 bps

May 14, 2020 12:37 pm UTC| Commentary

The Mexican central bank (Banxico) is set to meet later today for interest rate decision. According to a Commerzbank research report, the central bank is expected to lower its key interest rate by further 50 basis...

Canadian manufacturing sales likely fell sharply in March

May 13, 2020 18:30 pm UTC| Commentary

Canadian manufacturing sales data for the month of March is set to release tomorrow. According to a TD Economics research report, manufacturing sales are likely to have dropped 6 percent, consistent with the softness in...

Mexican peso likely to rebound moderately against USD, central bank likely to further cut interest rates

May 13, 2020 18:03 pm UTC| Commentary

The Mexican peso has been strongly impacted from the outbreak of the corona pandemic. The high risk aversion and the fall in oil price also contributed to the pesos depreciation, noted Commerzbank in a research report....

Euro area’s industrial production fell sharply in March, to decline further in April

May 13, 2020 16:47 pm UTC| Commentary

Euro areas industrial production fell a record 11.3 percent sequentially and 12.9 percent year-on-year in March. Todays data is the lowest level seen since November 2009 as restrictions on economic activity and soft demand...

Swedish CPIF inflation falls sharply in April on energy prices, Riksbank likely to leave repo rate on hold

May 13, 2020 16:23 pm UTC| Commentary

Swedens CPIF inflation dropped 0.4 percent year-on-year in April, much below the Riksbanks forecast. The central bank projected CPIF at +0.4 percent year-on-year average in the second quarter. Excluding energy, CPIF came...

U.S. producer prices fall more than expectations in April on large decline in energy prices

May 13, 2020 15:26 pm UTC| Commentary

The U.S. producer price index data for April came in weaker than expectations. The headline index came in at -1.2 percent year-on-year, as compared with consensus expectations of -0.5 percent. This is only slightly better...

Malaysian economic growth decelerates sharply y/y in Q1 2020, further weakness likely in Q2

May 13, 2020 14:56 pm UTC| Commentary

Malaysian economy slowed down sharply in the first quarter of 2020. On a year-on-year basis, the economy grew 0.7 percent, a sharp slowdown from 3.9 percent recorded in the fourth quarter of 2019. However, it is slightly...