South Korea's March unemployment rate likely subdued
Apr 13, 2015 23:15 pm UTC| Commentary
South Korea is scheduled to release March job-market data on 15 April. The seasonally adjusted unemployment rate is expected to have fallen 0.4ppt from February to 3.5%.The February unemployment rate increased to 3.9%...
US oil and gas drilling has fallen below 1,000 rigs
Apr 13, 2015 22:50 pm UTC| Commentary
The latest Baker-Hughes data release shows that total US oil and gas drilling has fallen below 1,000 rigs for the first time since September 2009. The y/y decline stands at 46%, which makes the downturn the fifth-deepest...
UK March CPI to remain Unchanged
Apr 13, 2015 21:28 pm UTC| Commentary
RBC Capital Markets notes: In the March UK inflation report out this afternoon RBC looks for CPI to remain unchanged at 0.0% y/y (in line with cons), with offsetting forces from lower utility bills and higher petrol...
US strategists have pushed out their long-held call
Apr 13, 2015 21:14 pm UTC| Commentary
The US strategists have pushed out their long-held call for the Fed hike, and now look for a September liftoff.For FX, it is not expected to make much difference, and would only become a concern for USD strength if...
China's export growth to normalise meaningfully in the coming months
Apr 13, 2015 18:44 pm UTC| Commentary
Chinas exports were shockingly weak in March. By region, demand from the US and the EU, which account for one-third of Chinas total exports, actually accelerated to 6.8% yoy from 6.1% yoy; demand from emerging Asia...
ECB is likely to highlight the improved outlook since the last meeting
Apr 13, 2015 18:08 pm UTC| Commentary
The next ECB meeting should be one of the easiest for the Governing Council in many months. QE has been announced and pre-committed until September 2016; the growth outlook is getting brighter, including an improvement in...
ECB’s QE could risk inflating bubbles in Germany
Apr 13, 2015 17:07 pm UTC| Commentary
With the ECBs quantitative easing programme putting upward pressure on German asset prices in particular, some point to a risk of bubbles developing there."We think the greater risk is that such concerns may place limits...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects