UK Retail sales were softer than expected
Apr 24, 2015 02:12 am UTC| Commentary
Retail sales were softer than expected (ex-autos 0.2% m/m vs 0.5% consensus). The UK economist wouldcaution against reading too much into the data though, as it is a very difficult dataset to use for a...
Euro area flash PMI also disappointed
Apr 24, 2015 01:53 am UTC| Commentary
The euro area flash PMI also disappointed, as it lost the momentum it had shown in previous months. Manufacturing confidence remained flat at 51.9, while the consensus was expecting it to increase to 52.6.Nonetheless, it...
US oil production set to fall heavily
Apr 24, 2015 00:29 am UTC| Commentary
The latest data from the US Energy Information Administration (EIA) suggests that US crude oil production has reached a turning point.Weekly data released on 22 April showed the third output decline in the past four weeks....
US durable goods to show still-strong industry headwinds
Apr 23, 2015 23:09 pm UTC| Commentary
March durable goods data (24 April, 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, the headline...
Taiwan beware excessive euphoria
Apr 23, 2015 22:11 pm UTC| Commentary
The Taiwan dollar (TWD) has been supported so far in April by the weak US dollar and exporter conversion.Equity inflows, which have slowed so far in Q2, rebounded strongly on 23 April as foreign investors net bought over...
US GDP data likely to show muted Q1 growth
Apr 23, 2015 21:26 pm UTC| Commentary
US Q1 GDP growth is likely to have been feeble, dragged down by a sharp drop in (oil-related) non-residential investment, while private consumption has been lacklustre. The harsh weather was another headwind.The FOMC...
BoJ to raise monetary growth target
Apr 23, 2015 20:42 pm UTC| Commentary
The Bank of Japan (BoJ) will hold its second April monetary policy meeting on 30 April, at which the board will conduct the semi-annual review of GDP and inflation forecasts.The BoJ is likely to lower its FY15 (year...
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