Liquidity stress stabilized in Greece

Oct 13, 2015 07:20 am UTC| Commentary

This years crisis has highlighted Greek bank vulnerability in terms of liquidity and solvency despite the recapitalisation exercises in 2013 and 2014. Since the agreement and the vote in Parliament on the third bailout,...

No strong impulse for GBP from UK data

Oct 13, 2015 07:19 am UTC| Commentary

UK September inflation data is due today, labour market is due data tomorrow. There is some important data due for publication in the UK this week that will provide an indication of the Bank of Englands future monetary...

Stronger SEK increasing concern for Riksbank

Oct 13, 2015 07:16 am UTC| Commentary

As far as Riksbank is concerned the question arises if and when it may take further monetary policy steps. So far it had very clearly pointed out that a strong krona would provide a reason to ease monetary policy as the...

QE-speculation not a burden for EUR yet

Oct 13, 2015 07:13 am UTC| Commentary

So far the members of the ECB council have refrained from clear references on QE extension. Instead they use the usual words, as was recently the case with executive board member Yves Mersch, the ECB would not hesitate...

Greek GDP poised to fall in 2015 and 2016

Oct 13, 2015 07:06 am UTC| Commentary

Greeces European Commission economic sentiment dropped by 11.7 points in Q3 (after falling c.5 points in both Q1 and Q2 15). While this indicator had been misleading in terms of capturing Q2s positive GDP rebound - mainly...

Tentative signs of stabilization in China's exports

Oct 13, 2015 06:51 am UTC| Commentary

The Chinese September trade numbers continue to point to a sharp decline in imports albeit some tentative signs of stabilization in exports. In CNY terms, exports fell 1.1% y/y which was not as bad as expectations of -7.4%...

Russia's trade balance declines

Oct 13, 2015 06:47 am UTC| Commentary

Import and export data released yesterday showed that the Russian trade balance for August decreased to 8.7 USD bln (10.7 USD bln July). The decline is largely due to a fall in exports. Of itself the decline in the trade...