Final June Euro area inflation estimates

Jul 13, 2015 04:47 am UTC| Commentary

The flash estimate of HICP inflation in June was in line with consensus, slowing to 0.2% yoy in June from 0.3% yoy in May. Core inflation was also lower at 0.8% yoy in June compared to 0.9% yoy in May. On the core...

Euro Area's uneven May industrial production growth

Jul 13, 2015 04:43 am UTC| Commentary

Greek industrial output fell by 4.7% mom in May, confirming that the Greek economy has been contracting in Q2. As a result, Greece, Ireland and the Netherlands were the main drivers of the weakness in euro area industrial...

BoJ expected to revise inflation and real GDP projection for FY 16

Jul 13, 2015 04:39 am UTC| Commentary

Japans next semi-annual report to be published in October.According to Societe Generale, "We expect the BoJ to increase the annual monetary base target to 85tn (on an annual basis, up from 80tn), mostly directed at risk...

July ECB bank lending survey, loan demand from enterprises not yet strong

Jul 13, 2015 04:35 am UTC| Commentary

The ECBs July Bank Lending Survey to show continued easing in credit lending standards, both for households and enterprises.Net loan demand should also continue rising for the household sector, while there is considerably...

ECB meeting to be on a dovish tone, focus on Greece

Jul 13, 2015 04:29 am UTC| Commentary

The Governing Council will already on Sunday need to decide whether to allow and increase the ELA to Greek banks, with political backing, or declare one or more of them insolvent. Next weeks ECB meeting will obviously...

Japan's CPI likely to fall slightly below 0%

Jul 13, 2015 04:24 am UTC| Commentary

The Q2 Tankan survey of Japan confirmed that the business sentiment for manufacturers and nonmanufacturers has improved and the capex plan has also been revised upward, indicating that corporate activity is revitalised. As...

US Housing starts to climb higher as supply chases demand

Jul 13, 2015 04:21 am UTC| Commentary

US residential investment activity is on a solid upward trend, supported by recent increases in household formations and the related drop in the vacancy rate. Household formations are currently running near 1.5mln per...