Outlook for Q2 U.S. business investment has not improved
Apr 24, 2015 14:29 pm UTC| Commentary
The 4.0% m/m rise in durable goods orders in March was entirely due to a sharp rise in transportation orders and suggests that business investment in equipment remains weak.Meanwhile, orders excluding transportation fell...
Polish unemployment rate likely decreased to 11.7% in March
Apr 24, 2015 06:45 am UTC| Commentary
According to the Polish Labour Ministry, there were 115,000 job offers reported in March which equates to 18.6% mom growth. The number of unemployed people was 53,000 lower than in February and 316,000 lower than a year...
Deal unlikely on Greece at this week’s Eurogroup meeting
Apr 24, 2015 06:39 am UTC| Commentary
After another week of limited progress on the negotiations front, hopes of a deal at the Eurogroup meeeting have been dashed. Negotiations appear to have stalled on the key pension and labour market reforms and on the...
Japan likely to further weaken
Apr 24, 2015 06:14 am UTC| Commentary
Japans headline flash manufacturing index was slightly lower at 49.7 from 50.4 in March, its lowest level in a year. New orders were weaker at 48.5 from 49.5 in March, and inventories also fell to 50.5 from 51.0. The gap...
Japan's fiscal balance improving as the economy improves
Apr 24, 2015 05:57 am UTC| Commentary
The Japans fiscal balance has improved significantly from -8.9% of GDP in Q2 2012 to -4.7% in Q4 2014. This primarily reflects an increase in tax revenue driven by the recovering economy.Any austerity policies such as tax...
US durable goods to show still-strong industry headwinds
Apr 24, 2015 05:54 am UTC| Commentary
US March durable goods data at 08:30 ET will remain under pressure, as manufacturing is still affected by the rising US dollar and the side-effects of the oilprice slump.With likely slow aircraft orders, Standard Chartered...
Daily Economic Outlook: 24 April, 2015
Apr 24, 2015 05:22 am UTC| Commentary
The German IFO survey (0800 GMT) will provide further indications of economic activity in the euro area at the start of Q2. Coming after the pickup in Q1, recent survey evidence has been mixed. Yesterdays flash euro area...
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