Denmark's manufacturing confidence likely to climb -5 in September

Sep 29, 2015 06:54 am UTC| Commentary

In Denmark, the government presents its budget proposal for 2016. Some of the content has already been leaked. The government proposes to tighten by 0.3% ofGDP in order to avoid violating the so-called budget law stating...

Equity markets continue lower, catalysed by weak Chinese data

Sep 29, 2015 06:48 am UTC| Commentary

Downbeat data on Chinese industrial profits yesterday, showing an 8.8% decline in August and the nervous sentiment for risky assets continues this week added to the negative tone.The major indices closed the day lower,...

Correlation breakdown no more in global FX market, risk aversion back

Sep 29, 2015 06:47 am UTC| Commentary

One reason for the delayed reaction in the FX markets could be that a lot of negatives are already in the FX price - especially bad news regarding Chinaand/or the global economy. The currency markets may have moved ahead...

Fed likely to hike in 2016, but mixed messages from Fed officials

Sep 29, 2015 06:42 am UTC| Commentary

New York Fed President Dudley, who is seen as an important swing voter, told the audience at a WSJ event yesterday that the Fed remains on track to raise interest rates later this year, thus echoing remarks made by Fed...

U.S. labor market conditions may tighten further in September

Sep 29, 2015 06:11 am UTC| Commentary

Since the beginning of the 21st Century, the U.S. BLS has generally underestimated the change in nonfarm payrolls in August only to post upward adjustments in subsequent reports. Since 2001, first-closing revisions have...

UK ONS Q2 National Accounts data includes GDP revisions from 1997 till Q2 15

Sep 29, 2015 06:01 am UTC| Commentary

UK ONS has already published a series of articles which give the reasons for the revisions to GDP. It has also released the near-final data for the years up to and including 2013.The ONS will publish on 30 September the Q2...

U.S. construction spending likely remained uptrend

Sep 29, 2015 05:21 am UTC| Commentary

Paced by an anticipated acceleration in U.S. home-building activity, the nominal value of new construction put-in-place probably expanded by 0.8% in August, boosting the cumulative rise since last November to 11.8% (see...