Flash German HICP inflation expected at 0.6% yoy in May
Jun 01, 2015 11:30 am UTC| Commentary
German flash HICP inflation should print at 0.6% yoy in May after reading 0.3% in April. The biggest driver of the recovery in consumer prices is again likely to be rising energy prices. However, the rise in energy prices...
Q1 15 euro-area GDP breakdown to show consumption-led recovery
Jun 01, 2015 10:39 am UTC| Commentary
The second estimate of euro-area GDP should confirm the first estimate of 0.4% qoq and 1.0% yoy. Societe Generale forecasts consumption rose 0.4% qoq in Q1 15. In terms of GDP components, the 2015 cyclical recovery is...
Euro-area services PMI to remain stable from the flash in May
Jun 01, 2015 10:28 am UTC| Commentary
The final estimate of the euro-area services PMI in May should inch upwards to 53.4 from the flash estimate of 53.3. Moreover, the final composite PMI is likely to confirm the flash estimate of 53.4. The improvement in...
Flash euro area HICP inflation likely at 0.2% yoy for May
Jun 01, 2015 10:20 am UTC| Commentary
Flash euro area HICP inflation is expected to print at 0.2% yoy in May on higher energy prices. Oil prices rose rapidly in March and remained range-bound in May. The pass-through effect was expected in the April data didnt...
Euro area April manufacturing PMI to decrease
Jun 01, 2015 10:07 am UTC| Commentary
The final estimate of the Euro area manufacturing index should print at 51.9 in May, slightly lower than the flash estimate of 52.3, decreasing from the level in April (52.0). The softening in the manufacturing PMI is due...
Subdued demand for US gold and silver coins in May
Jun 01, 2015 09:50 am UTC| Commentary
Gold is trading at around $1,190 per troy ounce as the new week of trading begins. In early trading the yellow precious metal launched an unsuccessful bid to overcome the psychologically important $1,200 mark. So far, the...
OPEC oil production rose to highest level since August 2012
Jun 01, 2015 09:45 am UTC| Commentary
Oil prices are slightly down at the start of a week of trading which will end on Friday with OPECs meeting. Having said that, prices had risen by nearly 5% on Friday, so todays losses are no doubt partly due to...
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