June to be a softer quarter for Australian CPI

Jul 16, 2015 06:22 am UTC| Commentary

June seems historically a softer quarter for the Australian CPI, in part due to the Pharmaceutical Benefit Scheme resetting, the discounting of domestic holiday travel and falling fruit vegetable prices.The core measures,...

Financial liberalization in China may cause massive capital outflow

Jul 16, 2015 06:10 am UTC| Commentary

China is running a current account deficit, indicates China buys more from the rest of the world than the world buys from it.China, which built its success as a mercantilist export engine, would need to morph into being a...

ECB tone EUR negative, but no sustained impact

Jul 16, 2015 05:41 am UTC| Commentary

The ECBs dovish tone would be expected to be negative for the Euro, but should not have a sustained impact. The current level of EUR/USD is consistent with data and fundamentals. Market positions in G10 FX are relatively...

EUR front-end remains mispriced

Jul 16, 2015 05:33 am UTC| Commentary

For the EUR front-end, Draghis dovish tone and the reiteration that "if anything, the ECB could do more" is likely to keep curves well supported. While shorter dated forwards have repriced lower, longer dated forwards...

RBNZ to cut even further on plunging dairy prices

Jul 16, 2015 05:27 am UTC| Commentary

At todays GlobalDairyTrade auction, dairy prices fell 10.7%. Fonterras milk payment to farmers is forecasted to $4.30 /kg, which is lower than last seasons $4.40. A few hours later inflation figures were, once again,...

China's June data to show growth momentum

Jul 16, 2015 05:08 am UTC| Commentary

Chinas June data showed improving growth momentum. This should offset most of the drag that might be caused by the stock market correction in the near term, assuming the government is able to stabilise equity prices around...

Poland's employment growth to be stable and solid growth of wages likely in June

Jul 16, 2015 05:06 am UTC| Commentary

On account of the active labour market policy of Polands Polands Labour Ministry, employment growth is expected continue to increase in the coming months. Societe Generale estimates the overal employment growth to be...