Final February euro-area HICP inflation to confirm flash estimates at -0.3% yoy
Mar 17, 2015 07:27 am UTC| Commentary
Euro-area flash HICP inflation printed in negative territory at -0.3% yoy in February while the core component remained stable 0.6% yoy. Food, alcohol and tobacco rose from -0.1% yoy to 0.5% yoy, adding 12 bp to the...
Mar 17, 2015 07:23 am UTC| Commentary
Lloyds Bank notes the U.S day ahead as follows:In the US, while primary attention this week remains on tomorrows FOMC announcement, todays housing data should provide some minor distraction. In January, the annual rate of...
Singapore Feb NODX: A bigger drag from petrochemicals
Mar 17, 2015 07:04 am UTC| Commentary
Non-oil domestic exports fell 9.6% y/y in February, much weaker than our (-1.5%) and consensus(-0.9%) expectations.On a seasonally-adjusted basis shipments plunged 9.4% m/m to reach the lowest level in five years.The print...
Scope for additional stimulus from RBA beyond April-May
Mar 17, 2015 06:58 am UTC| Commentary
The RBA board minutes for March reiterate the Banks overt easing bias set out in the Governors decision statement and are consistent with another move in the April-May window.Westpac notes...Although it is unclear which...
Swiss survey indicators point to recession in near-term
Mar 17, 2015 06:52 am UTC| Commentary
Switzerlands PMI manufacturing index fell to 47.3 in February, the lowest level since October 2012.Meanwhile, the KOF leading indicator fell to 90.1 in February, the lowest since December 2011.Standard Chartered notes its...
Swiss trade surplus to decline this year and net exports to be a small drag on GDP
Mar 17, 2015 06:48 am UTC| Commentary
Sharp CHF appreciation likely resulted in losses for exporting firms that believed the floor would be maintained and thus kept their FX positions un-hedged.On a tradeweighted basis, the CHF has appreciated 10% since the...
Upward revisions for 2015 and 2016 US gas production forecasts
Mar 17, 2015 06:44 am UTC| Commentary
In the natural gas component of its monthly report, the EIA made upward revisions to 2015 and 2016 production forecasts of 1 billion cubic feet per day (bcf/d) to 78.4bcf/d and 80.0bcf/d respectively, based on increases in...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects