Euro area rates: Weekly review

Oct 09, 2015 00:56 am UTC| Commentary

This time around the supply/demand mismatch effect might stay relevant going into any QE expansion announcement from the ECB, keeping Bund yields supported. Post the QE expansion announcement, some reflationary effect will...

US rates: Weekly review

Oct 09, 2015 00:42 am UTC| Commentary

The September FOMC minutes suggest that many at the Fed prefer waiting for additional information before raising rates. It is believed that the market is already assigning a high likelihood of the Fed not being able to get...

Canadian housing starts rise in September

Oct 09, 2015 00:32 am UTC| Commentary

Canadian housing starts jumped again to 230,700 annualized units in September, the strongest level since 2012 and the third highest reading of the cycle. Recall that the last time we saw housing starts at this level,...

BoE October MPC: Global backdrop warrants greater caution

Oct 08, 2015 23:55 pm UTC| Commentary Central Banks

The BoE kept its policy stance unchanged, and the balance of voting remained at 8 against 1 in favour of the status quo. The minutes of the meeting were fairly balanced, if not somewhat more dovish than anticipated, with...

FOMC minutes: Global worries kept Fed from hiking rates in September

Oct 08, 2015 23:41 pm UTC| Commentary Central Banks

The FOMC minutes were mixed as one might expect at a meeting where the decision was such a close call. On the one hand most participants felt the conditions for hiking had been met or would likely be met by the end of the...

Canada's September employment report to show a 15K gain, following 12K in August

Oct 08, 2015 23:03 pm UTC| Commentary

The September employment report to show a 15K gain, following 12K in Aug (cons 10K). The goods sector should reverse the loss in August, while the service sector should continue to see steady growth. A 10K rise in the...

New Zealand electronic card spending strong in September 2015

Oct 08, 2015 22:33 pm UTC| Commentary

Spending on electronic cards continued to strengthen in September. Total retail spending climbed a strong 0.9% - its fifth solid gain in as many months. Underlying this was a strong 1.2% gain in core spending (which...