Denmark likely to expect current account surplus of DKK11.5bn in January
Mar 11, 2015 08:12 am UTC| Commentary
Denmarks current account surplus is expected to be of around DKK11.5bn in January, which is not far off Decembers DKK12.0bn. The surplus is driven both by a large trade balance surplus and net income from abroad. The...
Mar 11, 2015 08:04 am UTC| Commentary
The EUR remains under pressure as the ECBs bond buying programme boosts liquidity and pushes down European yields.EUR/USD declined another 1.5 figure yesterday and dropped below 1.07 and while the cross looks increasingly...
Mar 11, 2015 07:04 am UTC| Commentary
EUR/USD reached new lows since 2003 (1.0666) this morning, as the USD was broadly bought on the back of comments by the Feds Fisher that a strong USD is not a concern. Isnt it? The markets start to question it. Now that...
Global Leading Indicator still flat
Mar 11, 2015 06:57 am UTC| Commentary
The Global Leading Indicator by UniCredit rose slightly to minus 0.1 standard deviations in February from minus 0.2.Hence, it continued to remain in a narrow range, basically signaling further stagnation in global trade...
BOK likely to hold its policy rate at 2.0% in March
Mar 11, 2015 06:45 am UTC| Commentary
The Bank of Korea (BoK) is expected to hold its policy rate at 2.0% at its March meeting, thus leaving it unchanged for the fifth consecutive month since November 2014.The BoKs economic assessment should be largely the...
Jump in Australian unemployment rate to partly reverse
Mar 11, 2015 06:36 am UTC| Commentary
The 12k decline in employment in January should be seen in the context of the 34k average increase over the previous three months. This is equivalent to an annualized rate of 3.5%, clearly an unsustainable rate given the...
UK manufacturing output to make strong gain
Mar 11, 2015 06:25 am UTC| Commentary
In the UK, business surveys have been pointing towards a rising output trend and this, in combination with more-promising signs from the euro area, should lead to an increase in manufacturing output of 0.5% mom in January...
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