Australian dwelling approvals April 2015
Jun 01, 2015 06:38 am UTC| Commentary
Australias dwelling approvals came in weaker than expected in April with a 4.4% decline vs expectations of a 2% fall.The fall is not overly large - 10%+ monthly moves in approvals are quite common and the heavy...
Australian business indicators Q1 2015
Jun 01, 2015 06:35 am UTC| Commentary
The Business Indicators survey provides an estimate of business inventories and a partial update on incomes. The tone of the update for Q1 is, on balance, on the softer side.Labour income was much weaker than expected,...
Potential growth important for Euro area bond yields
Jun 01, 2015 06:10 am UTC| Commentary
Bond yields have been driven by ECB flows in 2015 and it seems evident that fundamentals have had a limited effect in market developments so far. However, with an expected sharp rise in inflation in Q4 and very low...
US manufacturing sector bouncing off the bottom
Jun 01, 2015 05:42 am UTC| Commentary
USs factory activity appears to have stabilized after slowing sharply at the start of the year. However, it is premature to expect a significant rebound. Regional Fed surveys released so far this month paint a very mixed...
US's personal consumption kicks off Q2 with weak momentum
Jun 01, 2015 05:27 am UTC| Commentary
The reported April pullback in auto sales combined with disappointing retail activity suggest that USs consumer spending was very soft at the start of the spring quarter. The BEA is likely to report this week that personal...
Euro area – May CPI likely ticked up to 0.1% y/y
Jun 01, 2015 05:14 am UTC| Commentary
The May euro-area CPI inflation rate release, due on Tuesday, is likely to have accelerated to 0.1% y/y from 0.0% prior. Core CPI likely remained unchanged at 0.6% y/y, says Standard Chartered. Headline CPI moved out of...
RBA likely to pause rate cuts from June
Jun 01, 2015 05:10 am UTC| Commentary
Monetary Policy Committee (MPC) of the Reserve Bank of Australia (RBA) to hold a meeting on 5 June. The bank may leave the policy cash rate unchanged at 2.00%, expects Standard Chartered. It will maintain an easing bias,...
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