Daily Economic Outlook: 14 April, 2015
Apr 14, 2015 05:12 am UTC| Commentary
Todays US retail sales (1230 GMT) report is set to be an important litmus test of the health of US consumers. Accumulating evidence of a soft first quarter for the economy has resulted in early estimates of Q1 GDP growth...
MAS maintains monetary policy stance
Apr 14, 2015 01:54 am UTC| Commentary
The Monetary Authority of Singapores unchanged stance implies little change in the medium-term outlook for the Singapore economy. The decision to leave the policy band unchanged was only partly expected by the market.As...
New Zealand Consumer Price Index (CPI) likely to fell by 0.3%
Apr 14, 2015 01:39 am UTC| Commentary
Next Wednesdays New Zealand CPI release will be dominated by the steep fall in fuel prices, which began late last year and really kicked into gear over the New Year period.A 0.3% drop is expected in the CPI over the March...
China decelerating growth and still-soft inflationary pressures
Apr 14, 2015 00:53 am UTC| Commentary
Decelerating growth and still-soft inflationary pressures will prompt further policy easing in the coming months. One more 25bps policy rate cut and two more 50bps cuts in the reserve requirement ratio (RRR) is expected...
China’s Q1 GDP growth may have slowed
Apr 14, 2015 00:26 am UTC| Commentary
China is due to release Q1 GDP and key growth indices for March on 15 April. GDP growth expected to have slid to 6.9% y/y in Q1 from 7.3% in Q4-2014.The housing investment slump remained a severe headwind, while slower...
US consumers likely returned to shops in March
Apr 13, 2015 23:46 pm UTC| Commentary
After dismal private consumption in January and February, partly due to the harsh weather, a rebound is likely in March: retail sales likely to be seen up 0.9% m/m (consensus: 1.0%), boosted by solid car sales, after -0.6%...
Euro area: Good momentum, but the ECB will continue with QE
Apr 13, 2015 23:32 pm UTC| Commentary
European Central Bank (ECB) President Draghi is likely to note stronger euro-area survey data at Wednesdays post-meeting press conference. But ongoing negative headline CPI and weak core inflation (down to 0.6% y/y in...
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