Further improvement in EC economic indicators expected for February: Societe Generale

Feb 26, 2015 06:07 am UTC| Commentary

Quotes from Societe Generale Cross Asset Research: -We expect the ECs economic confidence index to rise further, from 101.2 to 102.5, in February, stemming from improvements across all economic sectors. Lower oil prices,...

Monetary growth in eurozone probably slowed slightly in January: Societe Generale

Feb 26, 2015 06:05 am UTC| Commentary

Quotes from Societe Generale Cross Asset Research: -In January, M3 growth probably slowed to 3.4% yoy from 3.6% yoy, owing mainly to the base effect. If so, this would be the first slowdown observed since last...

JPY review

Feb 26, 2015 06:00 am UTC| Commentary

Quotes from RBC Capital Markets: -JPY: BoJ board member Ishida said that the central bank should not ease monetary policy further just to hit its 2% inflation target at a set...

CAD review

Feb 26, 2015 05:59 am UTC| Commentary

Quotes from RBC Capital Markets: -CAD: Our economists are close to consensus on inflation (headline cons 0.8%y/y, RBC 0.9%, core cons 2.1%y/y, RBC: 2.2%). -But pricing for a cut has been pushed out to May/July (having...

NZD review

Feb 26, 2015 05:57 am UTC| Commentary

Quotes from RBC Capital Markets: -NZD: Fonterra maintained its current forecast payout for the 2014-15 season at per kilogram of milk solids, disappointing some analysts looking for an increase. -Prices for whole milk...

AUD review

Feb 26, 2015 05:56 am UTC| Commentary

Quotes from RBC Capital Markets: -AUD: Q4 capex fell 2.2% (cons -1.6%). Plans for 2014-15 were revised down slightly (around 7.5%). The first estimate for capex for 2015-16 adjusted to a drop of around 16%. Our Australian...

USD review

Feb 26, 2015 05:55 am UTC| Commentary

Quotes from RBC Capital Markets: -USD: We look for a sharp decline of -0.7% m/m in Jan headline CPI. For core prices, we estimate a +0.2% m/m increase, buttressed by the shelter component (but down 0.1%y/y). This could...