Jul 05, 2015 21:23 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open below 2.12% while the 10yr should open below 3.36%.AU swap yields 1-3 month: The 2yr is eking a sideways range of 2.05%-2.30%, while the 10yr should continue...
Jul 05, 2015 21:22 pm UTC| Commentary
Westpac Research notes:NZ swap yields 1 day: Given the US bond yield movement overnight, the NZ 2yr swap rates should open 5bp lower at 2.90%, while the 10yr should open 6bp lower at 3.87%.NZ swap yields 1-3 month: Short...
Greek referendum: “No” most likely means EMU exit
Jul 05, 2015 21:16 pm UTC| Commentary
On Sunday 5 July, the Greek voters rejected the last deal proposed by the Institutions. At the time of writing, with 75% of the vote counted, the government supported stance had received 61.5% of the votes cast - a stable...
Canada's employment report to shed light on economic activity
Jul 05, 2015 21:11 pm UTC| Commentary
Last week, the CAD underperformed relative to most of its peers, in part due to a low reading of Aprils monthly GDP. The contraction in economic activity was influenced mainly by the oil and mining sector, which contracted...
RBA sidelined by strong house prices
Jul 05, 2015 20:56 pm UTC| Commentary
The RBA meets on Tuesday and it is expected to keep the cash rate unchanged at a record low of 2%. The RBA retains an easing bias, but seems happy to stay on the sidelines given the strength in house prices.There have been...
More data but Greece likely the main risk for JPY
Jul 05, 2015 20:52 pm UTC| Commentary
With BoJ Tankan report last week broadly confirming the ongoing recovery, we will look for further hints on the current economic backdrop from this weeks data. Firstly, May machinery Orders (Thursday) is expected to drop...
BoE policy unchanged, UK budget the focus
Jul 05, 2015 20:43 pm UTC| Commentary
Focus this week will centre on the new Conservative governments supplementary budget (Wednesday). The headline budget trajectory of aggressive fiscal consolidation is not expected to be materially changed.At the margin,...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects