Greece adds volatility to peripheral bond spreads

Apr 24, 2015 16:18 pm UTC| Commentary

The uncertainty over Greece has recently added new volatility to peripheral bond spreads. 10-year yield spreads to Germany widened around 40bp over the past weeks before coming down again in the past days as fears over a...

EUR/USD volatility remains at a heightened level

Apr 24, 2015 15:54 pm UTC| Commentary

Over the past month EUR/USD has traded a huge EUR/ to 1.1052 range. While volatility has remained at a heightened level, this period has also seen the EUR/USD downtrend, that has dominated the currency pair since July...

Higher US core inflation adding to Fed's confidence

Apr 24, 2015 14:58 pm UTC| Commentary

The recent data on US core inflation surprised to the upside as short term momentum (3-month change) has moved quite a bit higher. This is quite important because one of the conditions that the Fed has outlined for...

Market movers ahead

Apr 24, 2015 14:49 pm UTC| Commentary

Danske Bank Markets: We expect the Swedish Riksbank to cut the repo rate by an additional 10bp on Wednesday and expand the QE programme by SEK30bn to a total of SEK70bn.The FOMC statement is likely to acknowledge that...

Strong dollar, weaker global demand holding back stronger U.S. capex

Apr 24, 2015 14:48 pm UTC| Commentary

Headline U.S. durable goods orders blew away expectations in March, jumping 4.0% in the month, the largest gain since last July. All of the gain, however, was from aircraft.........non-defense aircraft and parts were up...

Outlook for Q2 U.S. business investment has not improved

Apr 24, 2015 14:29 pm UTC| Commentary

The 4.0% m/m rise in durable goods orders in March was entirely due to a sharp rise in transportation orders and suggests that business investment in equipment remains weak.Meanwhile, orders excluding transportation fell...

Polish unemployment rate likely decreased to 11.7% in March

Apr 24, 2015 06:45 am UTC| Commentary

According to the Polish Labour Ministry, there were 115,000 job offers reported in March which equates to 18.6% mom growth. The number of unemployed people was 53,000 lower than in February and 316,000 lower than a year...