Euro area February manufacturing PMI likely revised down from flash estimate on global markets volatility

Feb 29, 2016 12:10 pm UTC| Commentary

Euro area manufacturing PMI for February is expected to have been revised down from the flash estimate by one tick to 50.9 due to the recent volatility in global markets and uncertainty in global demand. This suggests a...

South Korea’s trade flows likely stabilised in February from falls seen in January

Feb 29, 2016 11:54 am UTC| Commentary

South Koreas imports and exports are expected to stabilise in February from the decline witnessed in January. The exports are expected to decline to $34.8bn from $36.6bn in January, whereas imports are expected to fall to...

Australia’s current account deficit likely widened in Q4 2015, but exports likely grew nevertheless

Feb 29, 2016 11:29 am UTC| Commentary

Australias trade deficit is expected to have widened to AUD9.5bn in Q4 from AUD7.5bn in Q3, little smaller than deficit of Q2. The current account deficit is also expected to widen from 18.1bn in Q3 to 19.5bn. This is...

Euro might drop further as German 10-year yield nears zero

Feb 29, 2016 11:26 am UTC| Commentary

Euro is down 470 pips from its recent high around 1.137 against Dollar reached during early February. Last week Dollar got its boost from GDP numbers as growth was at 1% for fourth quarter, much better than expected at...

Euro area’s annual inflation decelerates below zero again in January, core rate low on slow wage rise

Feb 29, 2016 11:06 am UTC| Commentary

Euro area annual inflation decelerated to -0.2% in February, as compared with 0.3% in January. On a monthly basis, prices rose only 0.1% m/m, 0.5 percentage points less than in 2015. Four of the major euro nations recorded...

Energy bites Euro Zone back to deflation

Feb 29, 2016 10:55 am UTC| Commentary

Euro Zone is back to deflationary territory after long four months as price declined to -0.2% y/y in February, according to flash reading. Median expectation was that price would remain at same level as January. Core...

Norway’s retail sales rebound in January but weak trend scenario remains

Feb 29, 2016 10:37 am UTC| Commentary

Norways retail sales recovered in January 2016. It grew 0.9% m/m after declining 1.3% in December. Consensus expectation was for 0.3% growth. The recovery in sales data makes is slightly less concerned regarding the recent...