
Final German HICP inflation to confirm flash estimates
Jun 15, 2015 00:35 am UTC| Commentary
Flash German HICP inflation was at 0.7% yoy in May after its reading of 0.3% yoy in April. The national measure also came in at 0.7% yoy, up from 0.5% yoy in April.As for the details, the energy component explained half of...

US - A gasoline price surge to lift CPI
Jun 15, 2015 00:19 am UTC| Commentary
Societe Generale notes:Gasoline prices reversed sharply in May, having risen by a little more than 10% mom. Given a very small seasonal adjustment in May, we expect the SA index to show a 9.8% increase. Food prices in the...
US – May IP data may signal manufacturing starting to turn a corner
Jun 14, 2015 22:59 pm UTC| Commentary
Depressed by side-effects of the oil-price drop, the rising US dollar and mixed global demand, the US industrial sector has had a few rough months: industrial production (IP) was up only 1.9% y/y in April, compared with a...
UK CPI inflation is expected to rebound to 0.0%
Jun 14, 2015 22:53 pm UTC| Commentary
UK CPI inflation, due 16 June, is expected to have moved up to 0.0% in May after a brief dip into negative territory. Headline CPI moved into negative territory in April, to -0.1% y/y, for the first time in several...
Japan's trade deficit likely widened in May despite higher export growth
Jun 14, 2015 22:09 pm UTC| Commentary
Japan will release May trade data on 17 June. Exports are likely to have remained strong, increasing 10% y/y, partly due to favourable base effects. Strong growth in exports to the US likely helped.Exports in volume terms...
CHF: SNB on hold but sound rather dovish
Jun 14, 2015 21:53 pm UTC| Commentary
The Swiss National Bank (SNB) is expected to keep its policy rate unchanged at -0.75% and to preserve the target range for three-month Libor at -1.25/-0.25% at its 18 June meeting, but to highlight downside risks to growth...
NOK: Weak data merit a cut by the Norges Bank
Jun 14, 2015 21:47 pm UTC| Commentary
The Norges Bank is expected to cut its deposit rate by 25bp at its 18 June meeting (consensus: 1.00%, market pricing: 1.05%), acknowledging the material deterioration in the growth outlook since its May meeting.Indeed,...