Greece – Stalling negotiations
May 29, 2015 05:45 am UTC| Commentary
There are growing signs that the Greek negotiations are stalling and that a deal could not be reached this week. A deal would provide Greece with all or part of the frozen funds of the Fifth Review (7.2bn) and probably...
China's SME activity softened on slower sales growth and destocking
May 29, 2015 04:54 am UTC| Commentary
The SMEI current performance index fell to 56.5 in May from 59.3 in April, with broad weakening seen across sub-indices.The production sub-index declined to 61.3 from a nine-month high of 65.1 in April; this was still...
A new measure could provide earlier insights into portfolio flows to Korea
May 29, 2015 04:33 am UTC| Commentary
A proprietary measure of daily same-day gross bond flows has been developed by Standard Chartered that provides earlier insight into portfolio flows to Korea than data from the Korean Financial Supervisory Service (FSS),...
Daily Economic Outlook: 29th May, 2015
May 29, 2015 04:20 am UTC| Commentary
After yesterdays second estimate of UK Q1 GDP, which reaffirmed the preliminary 0.3% q/q print, markets will be focussed on the second estimate for the same quarter in the US. The initial US release indicated that activity...
South Korea's exports likely continued their downtrend in May
May 29, 2015 02:32 am UTC| Commentary
South Korea will release May trade data on 1 June. Exports are expected to have dropped for a fifth consecutive month by 11.0% y/y, more than the 8.1% drop in April.Exports fell 7.8% y/y in the first 20 days of May,...
RBA likely to pause rate cuts from June
May 29, 2015 02:24 am UTC| Commentary
The Reserve Bank of Australia (RBA) is expected to leave the policy cash rate unchanged at 2.00% at the Monetary Policy Committee (MPC) meeting on 5 June.It is believed that the RBA will maintain an easing bias, which it...
India - RBI to ease monetary policy
May 29, 2015 02:18 am UTC| Commentary
The Reserve Bank of India (RBI) is expected to reduce its repo rate 25bps to 7.50% when it meets for its monetary policy decision on 2 June. Inflation stayed subdued at 4.87% y/y in April.Though the forecast of less than...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight