Sluggish jobs report disappoints markets
Oct 02, 2015 16:33 pm UTC| Commentary
The September jobs report was released this morning meeting some estimates and falling short of others. Payrolls added 142K jobs, far below the 200K forecast while the unemployment rate met expectations and remained steady...
Pace of Denmark's FX intervention slowed in September
Oct 02, 2015 16:01 pm UTC| Commentary Central Banks
Danmarks Nationalbank (DN) has just published Septembers FX reserve and central bank balance sheet. In September, the FX reserve declined to DKK 514bn from DKK 536bn in August. DKK 22bn of the decline was due to DN...
Commodity plunge increases systemic risks
Oct 02, 2015 15:52 pm UTC| Commentary
The drop in commodity prices has put pressure not only on the commodity producing countries but also the companies exposed to the collapse in commodity prices. This was highlighted by the steep decline in Glencores (one of...
Chinese data showing signs of bottoming
Oct 02, 2015 15:37 pm UTC| Commentary
Risk sentiment improved after Chinese data showed the official manufacturing PMI for September rose to 49.8 from 49.7 and the important new orders index increased to 50.2 from 49.7. The final version of the Caixin PMI also...

Euro area back in deflation,pressure on the ECB to do more
Oct 02, 2015 15:19 pm UTC| Commentary Central Banks
Euro area HICP inflation declined back into deflation territory in September and with 5Y5Y market-based inflation expectations trading below 1.6% for the first time since February, the pressure on the ECB to announce more...
US manufacturing weakness could postpone Fed rate hike
Oct 02, 2015 15:14 pm UTC| Commentary
The two channels of spill over from emerging markets to developed markets are, broadly speaking, the direct international trade channel and the financial channel. The latter includes developments in financial conditions,...
US Q3 GDP tracking 1.2% after August factory orders
Oct 02, 2015 15:04 pm UTC| Commentary
Factory orders declined 1.7% m/m in August, one-tenth below forecast (-1.6%) and further below consensus expectations (-1.2%). Orders for durable goods, first estimated at -2.0% m/m for August in the advance report last...