Euro area final March services PMI to decrease from the flash estimate

Apr 07, 2015 00:26 am UTC| Commentary

The final estimate of the services index should decrease from 54.3 (flash estimate) to 54 in March, marginally up from February (53.9). Looking at the regional breakdown, the lagging Italian services PMI is expected to...

Europe manufacturing activity on a slow pace

Apr 06, 2015 23:53 pm UTC| Commentary

Markets will focus their attention this week on Greece. A late payment of the IMF loan repayment of 460m on 9 April cannot be ruled out. Greece sent a list of reforms last week in the hope that it will allow the (partial)...

ISM non-manufacturing to show continued strength in service sector

Apr 06, 2015 23:29 pm UTC| Commentary

Regional service surveys from the Richmond and Dallas Fed districts suggest that national service sector activity continued to expand at a solid pace in March.Combining the projection for a solid service-sector reading...

BoC’s Business Outlook Survey overall soft

Apr 06, 2015 22:38 pm UTC| Commentary

The BoCs Business Outlook Survey was overall soft, particularly in businesses expectations for capital spending (down to 4% from 8%) and hiring intentions (down to 20% from 31% prior).Inflation expectations, however, were...

Philippines export growth likely rebounded modestly

Apr 06, 2015 22:27 pm UTC| Commentary

The Philippines will release February export data on 8 April.Export growth to China, Japan, and South Korea was likely muted owing to flat demand. Manufactured-goods exports have grown at a more sluggish pace recently due...

Taiwan exports likely grew in March

Apr 06, 2015 22:21 pm UTC| Commentary

Taiwan is scheduled to release March CPI and export data on 8 inflation rate is expected to have fallen 1% y/y from the 0.19% y/y decline in February on weaker fuel and utility prices.The unfavourable base effect may have...

SIGMA signal is bearish; likely to remain Positive on IGBs

Apr 06, 2015 22:14 pm UTC| Commentary

Standard Chartered notes as follows: Our Indian government bond (IGB) positioning indicator (SIGMA) for March dropped to -1.21 from -0.75 in February, providing a bearish signal for duration in April. On our scale,...