China's PBoC cannot do QE

Apr 30, 2015 05:19 am UTC| Commentary

Speculation is running high that the Peoples Bank of China (PBoC) may soon implementsome unconventional easing programme. Some significant changes were expected to thePBoCs policy tool box for some time, but that at least...

Next week’s COPOM meeting minutes crucial to determine next steps of Brazil's monetary policy

Apr 30, 2015 05:03 am UTC| Commentary

The stronger BRL, compared with the latest Quarterly Inflation Report, could have had a positive effect on the inflation forecasts according to the BCBs models, which, coupled with the mix of improvement in fiscal policy,...

Korea's March industrial production sets stage for electronics-led resurgence

Apr 30, 2015 04:55 am UTC| Commentary

Koreas industrial production was only 0.1% y/y lower in March, despite the high base last year and much stronger than expected (consensus: -1.6%). On a seasonally adjusted m/m basis, IP fell by 0.4%, after rising 2.3% in...

Daily Economic Outlook: April 30th, 2015

Apr 30, 2015 04:50 am UTC| Commentary

A relatively busy calendar looms today, with German retail sales (0600 GMT) seen rising 0.4%m/m in March and unemployment (0755 GMT) falling 15k in April. Spain will be the first major euro area country to release Q1 GDP...

FX month-end rebalancing to lead to small amounts of USD selling

Apr 29, 2015 18:57 pm UTC| Commentary

Global equity markets tracked higher across the board in April as risk appetite increased. Bond markets continue to be supported by subdued inflationary pressures globally and accommodative policy from the major central...

FOMC acknowledges economic soft patch but believes it's transitory

Apr 29, 2015 18:49 pm UTC| Commentary

The FOMC altered its economic assessment as expected, as the economic "soft patch" was confirmed in this mornings dismal real GDP growth reading for Q1 (+0.2% and thats annualized!). The March reference to "economic growth...

Strong fundamentals will undoubtedly keep US economy growing firmly

Apr 29, 2015 17:48 pm UTC| Commentary

Activity took a hard hit in the first quarter of 2015, and the growth rate was barely positive (+0.2%, quarterly annualised rate). Temporary factors (weather, strikes) helped slow down activity, which tends to be soft at...