Speculative financial investors are getting more cautious on Brent

Jun 23, 2015 09:42 am UTC| Commentary

Brent is currently priced at $63.3 per barrel, i.e. more at the bottom end of the corridor in which it has been trading since mid-April.The possibility of agreement being reached in the debt dispute with Greece has not...

National Bank of Hungary likely cut benchmark rate by 15bp today

Jun 23, 2015 09:31 am UTC| Commentary

Hungarian inflation is likely to accelerate during 2016: there are obvious base-effects from utility price cuts, which are now beginning to boost inflation; and NBH forecasts core inflation to accelerate to 3% during 2016,...

Vietnam Q2 GDP and June data likely to show steady growth

Jun 23, 2015 08:55 am UTC| Commentary

Vietnam to release Q2-2015 GDP data and key June data from 25-30 June, and June inflation data on 24 June.The FDI outlook is encouraging given the countrys rising profile as a regional manufacturing hub."A steady GDP...

Falling house prices make the RBA's life easier

Jun 23, 2015 08:45 am UTC| Commentary

House prices in Australia rose much more slowly in Q1 than expected. The property price is growing at a rate of 6.9% yoy, but there is no risk of rising to double digit, says Commerzbank.That means that one major stumbling...

BoJ’s May minutes to focus more on its inflation outlook

Jun 23, 2015 08:42 am UTC| Commentary

The Bank of Japan (BoJ) scheduled to release the minutes of its 21-22 May meeting on 24 June.The central bank kept the annual increase in the monetary base unchanged at JPY 80tn at this meeting. The post-meeting statement...

Landscape for US durable goods orders to begin improving gradually

Jun 23, 2015 06:59 am UTC| Commentary Economy

After two quarters of weakness, US durable goods orders are expected to show a bottoming in capex spending. The manufacturing ISM rose modestly in May and the diffusion index for new orders has now posted two...

US growth rate likely below 2% in recent years

Jun 23, 2015 06:55 am UTC| Commentary

Despite modest economic growth, the US unemployment rate has fallen quickly. This drop can be explained with an extraordinary weakness in productivity in recent years.Due to slowdown in in productivity in recent years, the...