ECB likely to revise its optimistic views of a sizeable recovery

Oct 30, 2015 06:15 am UTC| Commentary Central Banks

Resilient Euro economy in the near term, but the lending channel is not working. The flow of data over the past two weeks has proven better than expected. The euro area continues to show resilience, helped by robust...

S. Korea's IP growth driven by non-electronics sectors

Oct 30, 2015 06:11 am UTC| Commentary

Industrial production in South Korea is expected to have rebounded rather significantly in September, mainly on the strength of non-electronics sectors such as auto. The pickup in electronics exports in the September...

Turkey's macro outlook

Oct 30, 2015 06:10 am UTC| Commentary

Turkeys final economic growth figures for Q2 15 surprised positively as GDP expanded 3.8% y/y versus 2.6% y/y (revised) a quarter earlier. Domestic demand continued to be a strong driver while foreign demand and...

Likelihood of ECB's December action rising

Oct 30, 2015 06:06 am UTC| Commentary Central Banks

Last week after the ECB meeting, a December move was seen as less likely, but still very possible, than a March 2016 move. A series of developments (dovish tone from ECB board members, weakness in credit dynamics, Fed...

BLS’ US October report likely to be significantly higher

Oct 30, 2015 06:00 am UTC| Commentary

BLS US reports prior-month adjustments may once again have a material impact on market participants appraisals of next weeks report. Over the past 15 years, the BLS has generally underestimated the change in nonfarm...

China manufacturing PMIs likely rebounded

Oct 30, 2015 05:56 am UTC| Commentary

China manufacturing PMIs data is due on 1st November, 2016. The official manufacturing PMI is expected to rise back above 50 in October, from 49.7 in September, forecasts Societe Generale. This has become harder to...

US job creation probably reaccelerated in October

Oct 30, 2015 05:54 am UTC| Commentary

The BLS is expected to report that US payroll employment growth gathered steam once again in October, after disappointing results in August and September. Nonagricultural concerns hired 220,000 net new workers this month,...