RBA confronting riskier outlook

Aug 31, 2015 05:06 am UTC| Commentary Central Banks

A lot has happened since the RBAs August meeting, the net effect of which must have been to make the RBA board a good deal more concerned about downside risks to the outlook. To a large extent these risks emanate from...

Pace of U.S. manufacturing activity expected to slow further in August

Aug 31, 2015 04:49 am UTC| Commentary

The currently available quartet of district U.S. Federal Reserve Bank surveys and Markit Economics canvass of 600 companies nationwide suggest that the ISM Purchasing Managers Index slipped to a four-month low of 51.8 in...

RBA policy reaction at this stage is likely to be judged as premature

Aug 31, 2015 04:46 am UTC| Commentary Central Banks

Firstly, the uncertainty about China is simply too great, and the risks are not all one-way, if Chinas growth prospects improve as a result of the various changes, admittedly not the most likely scenario, the impact would...

UK PMIs to be consistent with moderate growth

Aug 31, 2015 04:34 am UTC| Commentary

UK August manufacturing and services PMIs should be consistent with moderate economic growth. However, core inflation remains well below the BoEs 2% target (1.2% y/y in July), and downside risks have intensified...

ECB likely to extend the asset purchase program

Aug 31, 2015 04:32 am UTC| Commentary Central Banks

The ECB is expected to nod in the direction of further policy easing at this weeks Governing Council meeting, with risks skewed toward more forward-leaning guidance and possibly even action. Since the last policy...

BoJ likely to be on hold till April 2016

Aug 31, 2015 04:26 am UTC| Commentary Central Banks

A relief rally in global equity markets and solid US economic data helped USDJPY regain some of its losses. While yen should remain prone to the fluctuations in global equity markets, a potential Fed hike delay and...

U.S. construction spending probably reaccelerated in July

Aug 31, 2015 04:23 am UTC| Commentary

Stepped-up home-building activity in U.S., combined with an anticipated rebound in commercial outlays, likely boosted the nominal value of new construction put-in-place by 1.0% in July, after a modest 0.1% uptick in June...