Further potential for bull-flattening of EGB curves
Mar 06, 2015 13:04 pm UTC| Commentary
News that the ECB will start its PSPP on Monday as well as the remark that the ECB will buy bonds at negative yields up to the deposit rate at -20bp is positive news that argues in favor of further bull flattening of EGB...
U.S. steel prices to continue struggle this year
Mar 06, 2015 12:50 pm UTC| Commentary
U.S. steel prices have plummeted since late 2014 but perhaps what is more surprising is the fact that they had not fallen earlier. US steel prices have fallen by 17.5% since the beginning of this year, having been largely...
ECB expects inflation close to 2% in 2017
Mar 06, 2015 12:47 pm UTC| Commentary
The ECBs new inflation forecasts released yesterday showed that the ECB expects inflation to increase to below, but close to, 2% at the end of the forecast horizon, as it looks for inflation of 1.8% in 2017.The increase is...
Australian unemployment rate to remain elevated in the medium term
Mar 06, 2015 11:51 am UTC| Commentary
Australia will release February labour-market data on 12 March.The unemployment rate likely rose to a 13-year high of 6.5%, while the participation rate remained unchanged at 64.8%. Job creation was strong in 2014, with...
Euro-zone recovery broadens out
Mar 06, 2015 11:48 am UTC| Commentary
The second estimate and breakdown of euro-zone GDP in Q4 provides some tentative signs that the regions recovery is becoming better balanced.Although the quarterly expansion was confirmed at a sluggish 0.3%, the breakdown...
India's February CPI inflation likely to stay at 5.25 pct
Mar 06, 2015 11:46 am UTC| Commentary
Higher energy costs and a slower pace of decline in food prices likely put upward pressure on headline CPI inflation.The expected marginal increase in CPI inflation is unlikely to prompt inflation concerns, however. Benign...
Norway regional network reports of slowing growth
Mar 06, 2015 11:44 am UTC| Commentary
The Regional network reports of slowing growth, but still broadly in line with Norges Banks forecast.The Q1 Regional network report indicates growth in Mainland GDP in Q1 at 0,3 % q/q, just slightly lower than in Q4....
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