Uncertain about Greece referendum
Jul 03, 2015 05:24 am UTC| Commentary
Polls about Greeces possibility to be in euro zone send ambiguous signal. Reuters reported a poll from Alco showed 57% in favour of reaching a deal (29% against) while a poll from Kapa Research showed 47.2% in favour (33%...
UK services PMIs expected to rise
Jul 03, 2015 05:19 am UTC| Commentary
The services PMI has cooled markedly over the last year from the most recent peak of 60.5 in August 14 to 56.5 by May this year, in tandem with a fall in orders. However, business expectations have been more stable and...
Euro Area final services PMI to suggest fastest growth
Jul 03, 2015 05:14 am UTC| Commentary
The flash euro area services and composite PMIs, published last week, were both at four-year highs, implying the fastest growth in four years. This was primarily driven by strong outstanding business.The final estimate of...
Stronger imports narrow Czech Republic's trade balance surplus
Jul 03, 2015 05:13 am UTC| Commentary
The external trade balance for the Czech Republic (in the national methodology) should post a surplus of CZK14.3bn in May (the lowest figure so far in 2015), down from CZK19.9bn in April.Societe Generale expects exports to...
Daily Economic Outlook: 3rd July, 2015
Jul 03, 2015 04:18 am UTC| Commentary
With US markets closed for a public holiday, attention will be primarily focussed on the June services PMI prints in the UK and the euro area for a steer on the near-term growth outlook. In the UK the June PMIs have so...
UK exchange rate appreciation likely to shave of 0.2pp GDP growth this year
Jul 03, 2015 04:02 am UTC| Commentary
All in all, the PMI survey confirms the poor state of the UKs manufacturing sector, struggling with competitiveness issues and amplified by further sterling appreciation in recent weeks.According to the BoEs measure of the...
US incoming data show solid momentum
Jul 03, 2015 03:55 am UTC| Commentary
Incoming data have increased the conviction that US economic activity accelerated during Q2 and will remain near that pace in Q3. The strength of key durable goods sectors, combined with improvement in consumer sentiment,...
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