May 13, 2015 16:29 pm UTC| Commentary
The Canadian Dollar strengthened against most currencies on the back of the rally in crude oil prices. Crude Oil prices at the highest level in 2015 should support Canadian Oil Sands output, which has very high capital...
May 13, 2015 16:29 pm UTC| Commentary
Overall Eurozone GDP was slightly below par due to the largest economy Germany underperforming. Italy was another large economy which showed strong performance posting GDP growth of 0.3 percent well above the flat reading...
May 13, 2015 16:28 pm UTC| Commentary
The Pound gave back some of the gains from the last few days after Bank of England cut its forecast for British economic growth for 2015 to 2.4 percent from 2.9 percent. BOE also expects inflation to move to its target...
Bank of England suggests MPC still in no hurry to raise rates
May 13, 2015 12:36 pm UTC| Commentary
Bank of England Inflation Report for May supports financial markets view that the Monetary Policy Committee (MPC) is in no rush to raise interest rates. However, the analyst does not think that the Committees increased...
Italy returns to growth, Greece back into recession
May 13, 2015 12:34 pm UTC| Commentary
Economic growth in the eurozone accelerated in Q1 2015 by 0.4% qoq and 1.0% yoy compared to 0.3% qoq and 0.9% qoq in Q4 2014. Momentum was carried by France for a change where GDP rose by a faster-than-expected 0.6% qoq...
Euro-zone outperformance will be short-lived
May 13, 2015 12:27 pm UTC| Commentary
Euro-zones GDP figures in Q1 confirmed that the currency union outgrew both the US and UK in the first quarter. But with signs that the Greek crisis is starting to constrain the recovery, the euro-zones outperformance is...
Euro area growth all right but will probably not accelerate
May 13, 2015 12:24 pm UTC| Commentary
The Euro area economy grew 0.4 % during the first quarter of 2015 in line with our expectations. Even if the headline was as expected many countries provided us with surprises. Finland and Greece are still contracting,...
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