New Zealand rates: Daily outlook

Jul 21, 2015 21:11 pm UTC| Commentary

Westpac Research notes:NZ swap yields 1 day: NZ 2yr swap rates should open down 1bp at 2.88%, while the 10yr should open down 1bp at 3.73%.NZ swap yields 1-3 month: Short maturity NZ interest rates should fall further...

US Data Release: US State Employment Monitor

Jul 21, 2015 21:04 pm UTC| Commentary

New England The New England labor market posted a moderate gain in June, creating 9.7k new jobs - half of its May tally. Mass. (+10.5k) led the way, with Vt. (+1.0k) also adding to the headline. Performance was more...

Outlook and implications for Asia-Pacific investors: PIMCO

Jul 21, 2015 20:48 pm UTC| Commentary

PIMCO Publications notes: First, as Asian economies transition from savers to spenders and from exporters to consumers, they are contributing meaningfully to the narrowing of global imbalances - a potential driver of...

French business confidence to improve in July

Jul 21, 2015 15:53 pm UTC| Commentary

The French National Statistical Institute (INSEE) business confidence index for the entire economy is expected to improve from 97 to 98 in July (historical average=100), while the manufacturing index should also increase...

Mexico retail sales trending up, but likely slowed sequentially in Q2

Jul 21, 2015 15:27 pm UTC| Commentary

Retail sales growth until April this year has trended up mostly on base effects. With the forecast of 5.0% yoy growth in May, average retail sales growth this year stands at 5.1% yoy as against the average of 1.8% yoy...

Tone of MPC minutes shifting further towards rate increase

Jul 21, 2015 15:17 pm UTC| Commentary

MPC members seem to be increasingly laying the groundwork for a rate increase. As we mentioned last week, the lead hawk Martin Weale gave a recent interview to the FT in which he hinted that he would vote for a rate...

Euro Area: Negotiations on the ESM programme have commenced

Jul 21, 2015 15:05 pm UTC| Commentary

Thanks to the 7bn bridge loan agreed last week, Greece paid the ECB bond redemption (3.5bn) and is no longer in arrears with the IMF. As part of the deal, the Greek government committed to drawing up a first proposal for...