Norway's core inflation to fall in Norges Bank’s projections range

Oct 09, 2015 06:21 am UTC| Commentary

In Norway, the inflation figures will probably be somewhat less important than usual in September, given that Norges Bank has made it clear that it both expects and accepts that core inflation will be well above the 2.5%...

Denmark's exports likely to grow at 1.3% mom

Oct 09, 2015 06:16 am UTC| Commentary

In Denmark, Statistics Denmark will be releasing figures for the current account and exports of goods in August. The current account of the economy is expected to show a surplus of DKK13bn, up from DKK12.2bn in July, says...

German general collateral repo rate likely to remain below the depo facility rate

Oct 09, 2015 05:46 am UTC| Commentary

The early repayment of 3yr ECB liquidity starting in January 2013 caused liquidity conditions to tighten and spreads to widen again, but the recent increase in the surplus following the settlement of the first four TLTROs...

U.S. receives higher capital inflows

Oct 09, 2015 05:38 am UTC| Commentary

Capital flows data suggest that while foreign official institutions may be reducing their U.S. Treasuries holdings, there is no dearth of demand for U.S. FI from private investors. The effect of a reduction in Treasury...

Global Reflation Series

Any supply/demand mismatch effect of ECB's QE expansion likely to come beforehand

Oct 09, 2015 05:37 am UTC| Commentary

The impact of ECB making the existing QE programme more expansive on Bund yields, should be through the reflationary effect, especially if risky asset and oil prices stabilise/move higher and this should put upward...

Minutes from Fed's FOMC meeting

Oct 09, 2015 05:25 am UTC| Commentary

Minutes from the Federal Open Market Committees (FOMC) September meeting show the balance of opinion among members coalescing on rate hikes this calendar year. As the minutes put it, "most participants continued to...

ECB can provide further easing through more QE or deposit rate channel

Oct 09, 2015 05:25 am UTC| Commentary

Markets have been in risk-on mode since payrolls with stocks on both sides of the Atlantic rallying by 3-4%, oil prices rebounding by about 8%, EM assets rallying and DM bonds selling-off. 10y Bund, Treasury and Gilts have...