Sweden’s manufacturing industry reaches wage agreement, other sectors unlikely to follow benchmark

Apr 01, 2016 11:40 am UTC| Commentary

Swedens manufacturing industrys labor market parties have reached an agreement for the upcoming 12 months, where wages will be increased by 2% and 0.2% more point will be raised for pensions. The wage benchmark was set for...

Chinese Manufacturing PMIs and dovish Fed may cushion temporary aid to CNY, supply driven turn in commodities questionable

Apr 01, 2016 11:17 am UTC| Insights & Views Commentary

Chinese manufacturing and non-manufacturing PMIs have produced upbeat numbers at 50.2 and 49.1 respectively against forecasts at 49.3 and 48.3. These upbeat numbers that indicate how economic strength and businesses...

South Korean economy to expand around 3% in 2016, 2017

Apr 01, 2016 10:57 am UTC| Commentary

South Korean economy expanded 3% y/y in Q4 2015. The economic growth continues to be slow. Moreover, global demand is deteriorating and domestic demand is showing signs of weakness. According to BBH, Korean economic growth...

March non-farm payroll preview

Apr 01, 2016 10:53 am UTC| Commentary

Today NFP report is to be published at 12:30 GMT from US. What is NFP report? NFP or non-farm payroll report is the monthly statistics on labor condition in the US released by US department of labor...

Downturn in Norway’s oil-related industries continue, growth outside oil sector remains solid

Apr 01, 2016 10:32 am UTC| Commentary

In the second half of 2015, the Norwegian economy did not see any growth. According to the revised GDP data, Norway recorded more or less zero growth in mainland GDP in Q3 and Q4. Meanwhile, the annual rate reached 1%, as...

UK Gilts slump on strong manufacturing PMI

Apr 01, 2016 10:21 am UTC| Commentary

The United Kingdom 10-year bonds slumped on Friday on firm economic data. The 10-year gilt yield, which is inversely propositional to bond prices rose 4 bps to 1.45 pct and 3-year gilts yield also up 2bps at 0.62 pct. The...

UK’s manufacturing PMI rises slightly below expectations in March

Apr 01, 2016 09:54 am UTC| Commentary

In March, UKs manufacturing PMI rose to 51, as compared with Februarys 50.8 and slightly lower than consensus expectation of 51.2. The manufacturing PMI averaged 51.6 in Q1, the lowest quarterly print since Q1 2013. Even...