Japan may delay in reaching trade balance on a sustainable basis
Jun 16, 2015 07:09 am UTC| Commentary
The May trade balance of Japan is likely to show another deficit, confirming that it will take some time to reach a balance on a sustainable basis.According to Societe Generales estimation, Japans May trade deficit is...
Downward trend in Brazil's retail sales and consumption likely continued in April
Jun 16, 2015 07:01 am UTC| Commentary
Brazils retail sales were down -0.8% yoy and -6.6% qoq (annualised rate) in Q1, leading to an overall contraction of -5.9% qoq (annualised rate) in private consumption. According to Societe Generale, retail sales are...
Further weakening expected in ZEW
Jun 16, 2015 06:52 am UTC| Commentary
The ZEW investor economic sentiment indicator may weaken further in June, to 34.6 from 41.9 before. This would still leave it 0.2 standard deviations above its long-run average. Interestingly, the assessment of current...
BoE's MPC likely unanimous for now, labour market to continue to improve
Jun 16, 2015 05:42 am UTC| Commentary
The Bank of England Monetary Policy Committee (MPC) view was likely unanimous at its June meeting in terms of keeping the bank rate unchanged. The minutes will likely show divergent outlooks within the MPC regarding how...
Euro area's CPI likely matched flash at 0.3%
Jun 16, 2015 05:35 am UTC| Commentary
The final euro-area CPI inflation rate for May, due on 17 June, is likely to match the flash release at 0.3% y/y, up from 0.0% prior. Core CPI likely also matched the flash, up to 0.9% y/y.The two factors likely...
Base effects improve Singapore's May NODX
Jun 16, 2015 04:51 am UTC| Commentary
Singapores non-oil domestic exports (NODX) data for May is set to release on 17 June.Standard Chartered estimates, NODX is likely to grow at 5.1% y/y, from 2.2% a month ago, on base effects, but a decline of 1.5% y/y is...
Daily Economic Outlook: 16th June, 2014
Jun 16, 2015 04:33 am UTC| Commentary
UK inflation figures, due 16 May, are expected to show that the foray into negative territory last month was temporary, resulting in part from volatility in airfares because of the shift in the timing of Easter relative to...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects