Investment in India to lead recovery
Jun 01, 2015 09:33 am UTC| Commentary
While investment in India (GFCF) growth improved from FY14, it remained weak for most of FY15. It stayed in a narrow range of 2.4-4.1% y/y in the final three quarters of the fiscal year, after reaching 8.7% y/y in Q1-FY15....
India's consumption set to benefit from increased investment
Jun 01, 2015 09:30 am UTC| Commentary
Indias household consumption, which contributes c.60% of GDP, bottomed out in FY14 but slipped to 6% in H2-FY15 after a sharp recovery in H1-FY15 to 6.6% from 5.8% in H2-FY14. Much of the reduction was concentrated in...
Sweden GDP growth less-than-expected
Jun 01, 2015 07:54 am UTC| Commentary
The SEK came under pressure last week following softer-than-expected Q1 growth of 2.5% wda y/y (consensus: 2.8% wda y/y). Despite the downside surprise, the data still portray a healthy growth profile, with the annual...
Canadian labour market data in focus
Jun 01, 2015 07:38 am UTC| Commentary
The CAD lost almost 2% versus the USD last week with disappointing Canadian Q1 economic growth underscoring the currency weakness. This week, labour market data on Friday will be closely watched. The market is forecasting...
Japan eyes on political rhetoric
Jun 01, 2015 07:25 am UTC| Commentary
USDJPY finally broke above the recent range (118-122) and rallied through the high since 2007 (124.14). Broad USD strength following upside surprises from US economic data, as well as relatively light positioning in the...
No surprise in an unchanged BoE – PMI data in focus
Jun 01, 2015 07:12 am UTC| Commentary
No change in the BoEs policy stance is likely with the MPC leaving the Bank Rate at 0.5% and stock of asset purchases at GBP375bn (Thursday), therefore issuing no statement. The MPCs discussion will likely have focused on...
Greek developments, ECB meeting and euro area data in the spotlight
Jun 01, 2015 07:05 am UTC| Commentary
All eyes will stay on Greece in the coming week with the first June payment to the IMF (c.300mn) due on Friday. Recent headlines have been somewhat conflicting, with sources (The Guardian) suggesting that the IMF offered...
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