Japan Inflation target becoming more difficult to achieve due to falling oil prices
Mar 26, 2015 07:20 am UTC| Commentary
Japans nationwide CPI (excluding fresh food) is expected rise 2.1% yoy in February (was 2.2% in January). Excluding the effects of the consumption tax (CT) hike, the pace of inflation is easing and is likely to be 0.1% yoy...
UK retail sales outlook to brighten
Mar 26, 2015 06:21 am UTC| Commentary
The CBI survey showed a plunge in the balance of reported sales from 39 to only 1 in February.Societe Generale views this as perhaps the last of the backwash from the heavy discounting in the Black Friday week which...
UK retail sales to manage only modest, if any, growth
Mar 26, 2015 06:17 am UTC| Commentary
The path of sales has been heavily distorted by the Black Friday sales campaign which boosted sales in November by 1.6% mom followed by dips of 0.1% in December and 0.7% in January.Societe Generale says given the size of...
France 2014 Budget deficit below target
Mar 26, 2015 06:13 am UTC| Commentary
The French public deficit is expected to increase from 4.1% of GDP in 2013 to 4.2% in2014, according to Societe Generale. It is slightly better than expected by the government last summer (target 4.4% of GDP).The...
Euroarea monetary and credit dynamics likely improved in February
Mar 26, 2015 06:08 am UTC| Commentary
Money supply in the euro area has shown uninterrupted growth since last May, and this trend to have continued in February.According to Societe Generale, M3 probably rose by 4.2% yoy, which would bring the three-month...
No AUD bounce means no option activation
Mar 26, 2015 05:58 am UTC| Commentary
"Investors cannot lose more than the premium initially paid", says Societe Generale. If AUD/USD does not touch the0.80 knock-in level, the option will not be activated and owning it will therefore not allow for taking...
Buy 3M AUD/USD put strike 0.76, knock-in 0.80: Societe Generale
Mar 26, 2015 05:53 am UTC| Commentary
Societe Generale expects the option to be knocked-in in the very short term. A disappointment at the next RBA meeting (no cut) would lift the AUD. This would activate the option and make it ready for a May cut.The negative...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects