Mar 06, 2015 16:39 pm UTC| Commentary
Quotes from Capital Economics:- The narrowing in the international trade deficit in February, to $41.7bn from $45.6bn in January (consensus $41.5bn) leaves GDP on course to rise by between 2.5% and 3.0% annualised in the...
Fed under pressure to hike after stellar US payrolls: Capital Economics
Mar 06, 2015 16:00 pm UTC| Commentary
Quotes from Capital Economics:- The 295,000 increase in US payrolls in February (consensus 235,000) and the further fall in the unemployment to 5.5% illustrate that, even if wage growth is still subdued, the Fed cant hang...
Dropping “patient” guidance from March FOMC statement now seems to be a done deal: UniCredit
Mar 06, 2015 15:49 pm UTC| Commentary
Quotes from UniCredit Research:- Needless to say that todays jobs report supports our view that the Fed will begin to normalize its policy stance in June.- And it now seems to be a done deal that the "patient" guidance...
US payrolls continued to deliver despite somewhat mixed economic indicators: TD Economics
Mar 06, 2015 15:45 pm UTC| Commentary
Quotes from TD Economics:- As has been the case in recent months, payrolls continued to deliver despite somewhat mixed economic indicators. While the consensus call was 235k, markets appeared ready to take in stride a much...
Scope for continued robust German growth is intact: Danske Bank
Mar 06, 2015 15:37 pm UTC| Commentary
Quotes from Danske Bank:- German factory orders for January fell more than expected, 3.9% m/m (consensus -1.0% m/m). This came after very strong increases in Q4 last year, though, and looking through the noise of the very...
Further potential for bull-flattening of EGB curves
Mar 06, 2015 13:04 pm UTC| Commentary
News that the ECB will start its PSPP on Monday as well as the remark that the ECB will buy bonds at negative yields up to the deposit rate at -20bp is positive news that argues in favor of further bull flattening of EGB...
U.S. steel prices to continue struggle this year
Mar 06, 2015 12:50 pm UTC| Commentary
U.S. steel prices have plummeted since late 2014 but perhaps what is more surprising is the fact that they had not fallen earlier. US steel prices have fallen by 17.5% since the beginning of this year, having been largely...