US oil stocks are levelling out, may start to trend lower
May 06, 2015 18:17 pm UTC| Commentary
The EIAs weekly US Petroleum Report, released earlier today, shows the amount of crude oil in commercial storage tanks decreased by about 3.9 million barrels to 487.0 million. This was the first fall since 2nd Jan and...
Upbeat U.S. corporate earnings likely to be supportive of higher equity markets
May 06, 2015 18:11 pm UTC| Commentary
Despite earnings that are coming in better than expected the market is still jittery. The latest ADP report was lighter than expectations showing that only 169K private sector jobs were added in April, the second straight...
Malaysia’s central bank is likely to keep its policy rate on hold
May 06, 2015 17:59 pm UTC| Commentary
Malaysias central bank is likely to keep its policy rate on hold at 3.25% (11.00 BST) following the governors recent comments that the current interest rate level is supportive of growth. Any thoughts of rate hikes are a...
Japan service PMI to see a modest improvement in April
May 06, 2015 17:48 pm UTC| Commentary
Japan small business confidence is a reasonable guide to movements in the service PMI (02.35 BST). Despite a fall in April, the current level of small business confidence points to a modest improvement in the service PMI...
Euro-zone economy might have slowed a touch at the start of Q2
May 06, 2015 17:11 pm UTC| Commentary
Marchs euro-zone retail sales data (released on Wednesday) suggested that overall household spending registered a fairly strong increase in Q1.The 0.8% m/m fall in retail sales brought the annual rate of sales growth down...
Australia’s unemployment rate probably edged higher in April
May 06, 2015 17:02 pm UTC| Commentary
After rising rapidly in Feb and March, employment in Australia (02.30 BST) probably increased at a more modest pace in April.While job vacancies and advertisements remain relatively high, the latest survey evidence...
Rise in peripheral euro-zone bond yields has further to run
May 06, 2015 16:53 pm UTC| Commentary
The seemingly inexorable decline in the yields of peripheral euro-zone government bonds has finally begun to reverse over the past couple of weeks. Admittedly, the recent rise in peripheral bond yields has been in line...
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