May 06, 2015 14:38 pm UTC| Commentary
The euro took aim at recent two-month highs as growth worries returned to pressure the U.S. currency. The euro also benefited from rising yields on German government bonds or Bunds which helped narrow the advantage of...
Brazil’s industrial production could fall further
May 06, 2015 13:43 pm UTC| Commentary
During March, Brazils industrial production (IP) contracted by 0.8% m/m sa, in y/y terms, the IP index fell by 3.5% and, year-to-date, includes a 5.9% contraction. The February data were revised to the downside, now...
US ADP muted, not a complete surprise
May 06, 2015 13:29 pm UTC| Commentary
The modest 169,000 increase in the ADP survey measure of private payroll employment in April is not a complete surprise, since the ADP uses lags of the official non-farm payroll measure to "improve" its methodology....
Weak global oil prices likely boosted Taiwan's trade surplus in April
May 06, 2015 05:43 am UTC| Commentary
Taiwan is scheduled to release April trade data on 7 May. The exports are expected to have increased by 0.35% y/y, reversing two straight months of negative growth.The local tech sector benefited from steady global demand...
Czech retail sales to continue to perform well
May 06, 2015 05:29 am UTC| Commentary
Despite a second consecutive mom decline in Czech retail sales (excluding cars), the headline yoy figure remaining at a high 6.7%. The March figures should round off a very strong first quarter and a strong household...
UK services activity cooling slightly
May 06, 2015 05:21 am UTC| Commentary
The UK Q1 GDP data surprised with a deceleration in services growth from 0.9% to 0.5%. This seems an exaggerated cooling but services growth is on a declining trend.In the services PMI report, orders jumped sharply which...
Final March Euro area services PMI to decrease from the flash estimate
May 06, 2015 05:16 am UTC| Commentary
The final estimate of the Euro area services index should print one tick lower than the flash (53.7 vs 53.6), decreasing from the March level (54.2). Looking at the regional breakdown, the flash estimate for the French...
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