Korea's labour market to get boost from improving IP and exports
Mar 18, 2015 06:06 am UTC| Commentary
Koreas seasonally adjusted unemployment rate rose to 3.9% in February (January: 3.4%; December: 3.5%), in line with our forecast (3.7%) but higher than consensus (3.4%).On a seasonally adjusted basis, the rise in...
NZ deficit to reach 5% of GDP by end-2015
Mar 18, 2015 05:59 am UTC| Commentary
New Zealands current account deficit widened to 3.3% of GDP in the year to December 2014, in line with market expectations.The widening of the deficit was largely due to last years fall in dairy prices, compared to the...
Westpac-MI Leading Index indicates Australian economy to regain momentum towards end-2015
Mar 18, 2015 05:44 am UTC| Commentary
This is the first above trend reading from the Leading Indexsince January 2014. After showing persistently weak, sub-trendmomentum over the last 12 months, this is the most promisingresult in quite some time.It suggests...
SNB likely to keep the LIBOR target range unchanged
Mar 18, 2015 00:13 am UTC| Commentary
Stardard Chartered Macro Research notes: We expect the Swiss National Bank (SNB) to keep the 3-month LIBOR target range unchanged at -1.25 to -0.25 at its meeting on 19 March. We also expect the SNB to keep the...
EZ TLTRO 3 to show whether demand for loans is rising
Mar 18, 2015 00:05 am UTC| Commentary
On 19 March the European Central Bank (ECB) will announce the third allotment of the Targeted Long Term Refinancing Operation (TLTRO). Banks borrowed EUR 212bn, a little more than half of total available in the first...
Fed likely to remove ‘patient’ guidance
Mar 18, 2015 00:00 am UTC| Commentary
Markets eagerly await Wednesdays FOMC decision (post-meeting statement and updated projections: 14:00 ET, Chair Yellens press conference: 14:30 ET). Standard Chartered research notes: We think the Fed will remove the...
UK annual earnings growth likely to rise from 1.6% in Dec to 2.0% in Jan
Mar 17, 2015 19:03 pm UTC| Commentary
The latest UK labour market figures (09.30 GMT) should confirm that the jobs market has continued to tighten.However, all eyes will be on the earnings figures again for any signs that deflation is becoming entrenched....
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