ECB QE programme's length extension unlikely to be a big surprise to the markets

Nov 03, 2015 05:47 am UTC| Commentary Central Banks

Given the latest decline in Euro areas inflation and as the programme is designed to run until there is a sustained adjustment in the path of inflation. An extension of QE for more than six months would likely be somewhat...

US manufacturing ISM likely bottoming

Nov 03, 2015 05:39 am UTC| Commentary

The US manufacturing ISM for October declined to 50.1 from 50.2 and the details of the survey were better than the headline. New orders increased to 52.9 from 50.1, which is the best level since July this year. Customer...

Daily Economic Outlook: 3rd November 2015

Nov 03, 2015 05:30 am UTC| Commentary

For today, UK construction PMI may receive some attention, coming after yesterdays astonishingly strong manufacturing report and before tomorrows more eagerly awaited services PMI. Last month saw a surprisingly strong...

Growth prospects in Australian economy to lose significant momentum in 2016?

Nov 03, 2015 05:29 am UTC| Commentary

Over the last week or so market pricing for a full 25bp reduction in RBAs cash rate by December reached almost 100%. Despite the Bank adopting an easing bias it was not considered likely that the cash rate will be reduced...

RBA Board decided to leave cash rate unchanged at 2%

Nov 03, 2015 05:25 am UTC| Commentary

Following the print of the September quarter Consumer Price Index markets priced a probability of a rate cut at around 70%. With the clearer guidance from the US Federal Reserve that a Fed rate hike in December was a...

Seasonal factors behind Spain's unemployment increase

Nov 03, 2015 05:25 am UTC| Commentary Economy

The number of unemployed in Spain is set to increase by 51K in October due to seasonal effects. Even with this increase, the drop in unemployment is expected to reach 300K year-to-date and 700K since early 2013 - though...

U.S. civilian labor force likely posted modest rise

Nov 03, 2015 05:22 am UTC| Commentary

The BLS canvass of households likely will echo the upbeat tone of the nonfarm job survey in the United States. Assuming that the recent relationship between the establishment and household employment measures held...