ECB may extend its current asset purchase program
Nov 11, 2015 06:40 am UTC| Commentary Central Banks
Since the ECB seems to be more aggressive and the Fed has kept the rate hike option open, analysts are pushing down their end-year EUR/USD forecast. RBC Capital Markets estimates the pair is likely to be close to the...
Would SDR inclusion mean a stronger/weaker CNY for markets?
Nov 11, 2015 06:40 am UTC| Commentary
CNY, as well known, is likely to be added the SDR basket to become a reserve currency soon. IMF is to announce on November 30th this year if China has earned the previlege of inclusion to the basket. The changes to the...
U.K. headline earnings to accelerate
Nov 11, 2015 06:12 am UTC| Commentary
In the United Kingdom, the average weekly earnings in August was 3.3% yoy. The figure for October is expected to improve. The LFS unemployment rate is expected to remain steady at 5.4% in the three months to...
S. Korea manufacturing likely to slowdown in 2016
Nov 11, 2015 05:50 am UTC| Commentary
In South Korea, the seasonally adjusted unemployment rate was 3.5% in September inched up to 3.4% in October. The consensus expected the figure to remain flat in October. A net drop in total hiring - by 9k jobs on a...
Daily Economic Outlook: 11th November 2015
Nov 11, 2015 05:18 am UTC| Commentary
Data wise, the latest UK labour market report will provide some reassurance that underlying trends remain solid. Employment in the 3 months to August rose by 140k which, alongside a 79k drop in unemployment, combined to...
German figures may hit Euro area IP in Q3
Nov 11, 2015 05:07 am UTC| Commentary
Euro area industrial production data for September is due today. The month on month industrial figure of the economy posted negative growth rate in previous month is likely to continue same growth rate in September...
US nominal consumer spending likely to reaccelerate
Nov 11, 2015 04:56 am UTC| Commentary
In October, PCE for current-dollar likely recorded largest gain in 5 months, rising to 0.5%, prior to this, there was a modest rise of 0.1% in September. Solid unit motor vehicle sales, combined with our projected...
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