UK's Public finances improvement to stall temporarily in September

Oct 21, 2015 04:34 am UTC| Commentary Economy

The monthly evolution of UK budget deficit is highly erratic. In the first three months of the fiscal year, the PSNBex measure fell by a total of 6bn compared to a year earlier but then in the following two months was...

RBA's current 3% growth forecast for FY16 pitches rate risks downside

Oct 21, 2015 04:30 am UTC| Commentary

The minutes from the October Board meeting emphasised that the Reserve Bank of Australia is comfortable with the outlook for the labour market and the apparent slowing in the housing market. It will take some time to...

ECB's next step may be expansion of asset purchase program

Oct 21, 2015 04:27 am UTC| Commentary Central Banks

There has been a consistent tone in most recent comments by ECB Governing Council members. These comments have not strayed far from the stance communicated in the September press conference, the ensuing Monetary Policy...

Melbourne's leading Index growth rate remains below trend

Oct 21, 2015 04:27 am UTC| Commentary

Growth in Melbournes Leading Index has now been below trend for the last five months. The June quarter national accounts confirmed that Australias six month annualised growth slowed to a 2.1% pace in the first half of 2015...

U.S. housing starts reach post-recession peak

Oct 21, 2015 04:26 am UTC| Commentary

There is a continuing improvement in the U.S. housing market. Housing starts are holding near the 1.2 million annualized mark, breaching this threshold for the second time since the recession began, and remaining only 5...

Daily Economic Outlook: 21th October, 2015

Oct 21, 2015 04:06 am UTC| Commentary

U.K. public finances data and this evenings speech by Bank of England Governor Carney will be the focus for today. On the latter, press reports suggest that Mr Carney will talk about the impact of the UKs membership of the...

Tighter conditions until December could harm Euro area growth

Oct 21, 2015 03:32 am UTC| Commentary Central Banks

While Draghi usually displays an impressive mastery of the press conference, he has had communication mishaps in the past. If he comes out too hawkish next week, ie, too dismissive of the risks, the euro exchange rate...