Sterling to stay supported on basis of strong retail sales and fundamentals

Jul 20, 2015 03:32 am UTC| Commentary

Recent sessions have seen GBP outperform as market participants have looked past the weak inflation and labour market reports, focusing more on recent BoE rhetoric regarding the outlook of sterling rates. Moreover, with...

India monsoon tracker: Shortfall persists in July

Jul 20, 2015 02:20 am UTC| Commentary

The south-west monsoon rains continued their poor run. Cumulative rainfall between 1 June and 19 July was 8% below normal, worsening from the 4% shortfall last week. The drop came even as rainfall improved somewhat week...

Polish unemployment rate to keep decreasing in June

Jul 20, 2015 02:00 am UTC| Commentary

Societe Generale notes:We estimate the unemployment rate to have declined to 10.4% in June from 10.8% in May. The seasonally-adjusted (SA) unemployment rate should be close to 10.8% and while it is continuing to fall, it...

Taiwan’s industrial production to recover from an exceptionally weak May

Jul 20, 2015 01:44 am UTC| Commentary

After seeing an exceptional decline in May, Taiwans industrial production (IP) is expected to recover part of its strength in June. In May, the islands IP expanded by a mere 0.1% mom, the lowest growth rate seen since...

BoK discloses dip in GDP growth due to MERS outbreak

Jul 20, 2015 01:19 am UTC| Commentary Economy Central Banks

The release of advance GDP figures for Q2 2015 is basically set to be a non-event, as BoK Governor Lee Ju-yeol already disclosed a flash estimate of 0.4% qoq, at the press conference following the MPC meeting on 9 July. He...

Price pressures in Australia rising – but base effect is containing headline rate

Jul 20, 2015 00:58 am UTC| Commentary

Overall price pressures in Australia are likely to have strengthened in Q2 compared to Q1, owing first and foremost to a big rebound in petrol prices. Whereas nationwide petrol prices plunged some 13% qoq in Q1, they...

Japan's sustainable trade balance may take some time

Jul 20, 2015 00:37 am UTC| Commentary

Junes trade balance is likely to have reached balance (0). This will be an improvement from the 834bn deficit seen in June 2014. On a seasonally-adjusted basis, the trade deficit is likely to have expanded to a 260tn...