Bank of Canada unlikely to move interest rates any time soon

Oct 12, 2015 04:29 am UTC| Commentary

Canadas employment numbers add more paint to the generally positive picture of the Canadian economy in the third quarter. The quarterly gains in hours worked are supportive of growth, which is currently tracking at about...

Strong bank lending and bond issuance underpinned by Chinese public sector demand

Oct 12, 2015 04:27 am UTC| Commentary

Chinas September monetary and credit data is expected to show a similar pattern to the previous two months. Societe Generale forecasts following developments in the Chinese economy: Firstly, M0 growth likely...

US Q3 GDP tracking 1.2% after August wholesale inventories

Oct 12, 2015 04:25 am UTC| Commentary

USs total wholesale inventories rose 0.1% m/m in August, while July data were revised lower to -0.3% m/m (initial: -0.1%).Wholesale inventories of durable goods rose 0.3% m/m in August, with gains in computers (1.9%) and...

Canadian economic recovery improves business confidence

Oct 12, 2015 04:23 am UTC| Commentary

In a recent speech, Bank of Canada Governor Stephen Poloz noted that in the wake of low oil prices, the Canadian economy would have to look for other industries to drive economic growth. The Bank of Canadas role is to help...

Solid Australian employment gains likely

Oct 12, 2015 04:19 am UTC| Commentary

Australian employment data poses upside risk for the AUD this week. It is assumed that the recent government changes to job search requirements for some welfare recipients do not materially affect the unemployment...

UK domestic data to confirm BoE's cautious stance

Oct 12, 2015 04:15 am UTC| Commentary

UK inflation and labour market data are unlikely to alter the BoEs cautious policy stance and bearish view. Last weeks BoE minutes revealed a greater degree of concern by the MPC about the UK inflation outlook given recent...

Daily Economic Outlook: 12th October, 2015

Oct 12, 2015 04:13 am UTC| Commentary

With some markets closed for the U.S. Columbus Day holiday and a light data calendar, the focus for participants will be the upcoming heavy flow of communication from central bank speakers. The coming week sees a further...