GBP review

May 08, 2015 16:26 pm UTC| Commentary

A surprisingly decisive and expeditious election victory for British Prime Minister David Cameron helped take away a layer of uncertainty and weakness for the pound which responded by soaring more than 1 percent to 10-week...

Sept Fed hike still on the cards, but strong activity data needed

May 08, 2015 16:06 pm UTC| Commentary

The April employment report was broadly in line with Street expectations. Total payrolls increased by 223k and the unemployment rate dropped by 0.1% to 5.4%, both in line with the consensus forecast."The cumulative...

New Finnish coalition’s austerity to drag on growth

May 08, 2015 15:34 pm UTC| Commentary

The new coalition government is likely to impose significant budget cuts that would drag on Finlands already ailing economy. This austerity is likely to act as a drag on growth. Although the parties disagreed in the run-up...

Bank of Canada and the markets likely to look beyond today's jobs data

May 08, 2015 14:28 pm UTC| Commentary

There were few major surprises in Canadas jobs data in April, which is a bit unfortunate in this case. Canadian employment fell by 19,700 in April following the 28,700 gain the prior month, with the Target layoffs...

U.S. employment data not strong enough to alter expectations about the timing and pace of Fed hike

May 08, 2015 14:16 pm UTC| Commentary

U.S. nonfarm payrolls rebounded in April, rising 223k, broadly in line with consensus (228k) expectations. However, there were net downward revisions of 39k to the previous months of payrolls, bringing estimated payroll...

U.S. employment healthy enough to assuage fears that an abrupt slowdown

May 08, 2015 14:09 pm UTC| Commentary

Non-farm payrolls increased by 223k in April, just shy of expectations for a 228k gain. However, revisions to the previous two months subtracted 39k from the tally. The report was more or less a goldilocks one, healthy...

US employment report better, but not great

May 08, 2015 13:19 pm UTC| Commentary

Although non-farm payrolls increased by a relatively healthy 223,000 and the unemployment rate edged down to a seven year low of 5.4%, Aprils employment report was otherwise something of a mixed bag. All things considered,...