US housing starts set for strong rebound in March
Apr 13, 2015 07:05 am UTC| Commentary
Following the weather-related collapse in US housing starts in February, homebuilders likely made up for lost time in March.The 17% m/m plunge in housing starts in February was in large part due to unseasonably severe...
ECB to be buoyed by signs of life in euro area economy
Apr 13, 2015 07:00 am UTC| Commentary
With no change in policy expected at next weeks meeting, the ECB is likely to focus on early signs thatthe bond purchase programme is working, alongside a general firming in activity evident in both hard data and...
UK labor market data to hint at need for tighter monetary policy
Apr 13, 2015 06:58 am UTC| Commentary
Arguably, the UK monetary policy debate will hinge more critically on developments in the labor market. The latest set of data are forecast to provide further evidence that the UK labour market continues totighten.Lloyds...
UK inflation approaching a trough
Apr 13, 2015 06:57 am UTC| Commentary
Last month saw the UK headline inflation rate fall to a record low of 0.0%y/y, largely driven by falls in petrol and food prices. The peak impact of the cuts to energy tariffs announced so far is set to feed through into...
US headline inflation to remain close to zero
Apr 13, 2015 06:53 am UTC| Commentary
Alongside a plethora of Fed speakers, markets will have plenty of other US releases to chew on this week. The data flow includes February industrial production (Weds), business inventories (Tues), housing data (Thurs) and...
Retail sales report a litmus test of US consumers’ health
Apr 13, 2015 06:51 am UTC| Commentary
The March FOMC minutes showed a diverse set of views within the Committee regarding the policy outlook, with some members still favouring a June interest rate hike. However, the meeting took place before the weak March...
Apr 13, 2015 05:49 am UTC| Commentary
Since March the euro has stopped declining. This is not a source of concern yet, given the Feds expectations of delaying its rate hikes.In a joint paper with rates strategists Societe Generale says that: 1) ECB QE could be...
‘We have thousands of Modis’: the secret behind the BJP’s enduring success in India