US soft economic data and position clearing may keep USD in check
Apr 19, 2015 20:48 pm UTC| Commentary
US economic activity and hiring were impacted by adverse weather conditions in Q1, exerting downward pressures on UST yields and the USD. However, there are signs of an imminent recovery in Q2.The latest Fed Beige book has...
Property market correction remains the key headwind to China's economic outlook
Apr 17, 2015 18:33 pm UTC| Commentary
Chinas real estate investment slowed to 8.5% y/y in Q1, down from 10.5% in December 2014, despite a slight pickup in March. Residential and commercial real estate investment growth declined markedly to 5.9% and 18.2% in...
March data point to a broad-based slowdown of Chinese economy
Apr 17, 2015 18:11 pm UTC| Commentary
China released the full set of economic indicators for March this week, including trade, monetary and real activity data. Overall, the data point to a broad-based slowdown in the economy.While market expectations had...
Quiet US week ahead of FOMC meeting
Apr 17, 2015 17:30 pm UTC| Commentary
In the US, only a few second tier data releases are scheduled next week. March durable goods and shipments for March (Fri) will provide an update on whether the recent weakness of manufacturing is primarily weather-related...
March UK retail sales growth likely to have been modest
Apr 17, 2015 17:21 pm UTC| Commentary
The official retail sales report for March (Thurs) may attract the most interest. Measuring retail spending at this time of year is always particularly difficult due to the variable timing of Easter. Surveys have been...
Eurozone activity data are expected to continue to firm
Apr 17, 2015 17:13 pm UTC| Commentary
In the euro area business and consumer surveys for April will provide a first steer on whether the upturn in economic growth has continued into Q2.Lloyds Bank - "We expect the message to be generally positive. The flash...
Apr 17, 2015 17:06 pm UTC| Commentary
Greek sovereign yield spreads with the rest of the euro area continue to widen as concerns about a potential default mount. Further downgrades of Greek ratings by some credit agencies helped fuel the sell-off. Yields also...
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