Ongoing Greek saga may dominate ECB meeting

Jun 02, 2015 05:27 am UTC| Commentary

This weeks European Central Bank (ECB) meeting (3 June) would ordinarily be the focus for bond markets, especially given the recent inflation uptick. But developments in the negotiations with Greece could dwarf anything...

Brazil likely to hike 50bps SELIC in June

Jun 02, 2015 05:12 am UTC| Commentary

The Banco Central do Brasils (BCBs) monetary policy committee (COPOM) is likely to deliver another 50bps hike when it meets on 3 June, taking the SELIC rate to 13.75%. Recent commentary from the central bank has been...

Turkey's May CPI will most likely reflect stickiness

Jun 02, 2015 05:04 am UTC| Commentary

Turkey will release May CPI figures on Wednesday 3 June. The CPI figure is likely at 7.5%, from 7.9% in April and 9.6% a year ago, forecasts Stnadard Chartered. While CPI was widely expected to decline steeply this year...

Upside surprise in May global manufacturing sentiment

Jun 02, 2015 04:45 am UTC| Commentary

After gradually losing steam for nearly a year, global manufacturing sentiment may be cautiously on the verge of a trend shift, according to the final May reading. Global manufacturing confidence index composed by Barclays...

DAILY ECONOMIC OUTLOOK : 2nd June, 2015

Jun 02, 2015 04:23 am UTC| Commentary

A relatively busy calendar looms in Europe today, with German labour market data coming ahead of the aggregate euro area CPI reading. A firmer-than-expected outturn in yesterdays preliminary German CPI release lends...

Korea Weak shipments in April and May mirror the US soft patch

Jun 02, 2015 01:15 am UTC| Commentary

Exports plunged 10.9% y/y in May, broadly in line with consensus (-10.7%) but below the forecast (-9.0%). On a seasonally adjusted m/m basis, exports tumbled 6.5% (Apr: -1.2%; Mar: -0.8%), the largest m/m contraction since...

Australia’s current account deficit likely to widen in Q1

Jun 02, 2015 00:37 am UTC| Commentary

Australias current account deficit is expected to widen by $1.0bn to $10.6bn in Q1. That partially reverses a $2.5bn improvement in Q4.The trade deficit was $3.7bn in the opening quarter of 2015, widening from a $2.4bn...