UK public finances are improving

Aug 05, 2015 00:16 am UTC| Commentary

UK public finances are improving with government borrowing in the first three months of the current fiscal year (April-June) declining by nearly 20% compared to the same period last year. Whats more, the June deficit was...

UK economic growth back on track

Aug 04, 2015 23:52 pm UTC| Commentary

According to the preliminary estimate, UK economic growth picked up to 0.7% q-o-q in the second quarter of 2015, after a slowdown to 0.4% in the first quarter of 2015. However, the recovery seems unbalanced. The services...

BoJ Monetary Policy: Impact on yen rates

Aug 04, 2015 23:23 pm UTC| Commentary

The BoJ is expected to maintain the current QQE at its Monetary Policy Meeting on 6-7 August. While the focus shifts back to supply-demand in the JGB market, the BoJ may keep an eye on how the overseas environment, Chinas...

BoJ policy outlook: Situation remains data dependent

Aug 04, 2015 23:07 pm UTC| Commentary

From Jul-Sep, a sustained domestic recovery is expected, accompanied by an end to the deterioration in external demand, as a recovery in the US offsets the negative impact of a slowing China. In addition, with increasingly...

UK July construction PMI slowdown in early 2015

Aug 04, 2015 22:22 pm UTC| Commentary

It is a relatively quiet day for data with the July construction PMI the only release of note in the UK. While this rose sharply in June, it is still below its level in Q1 and even further below the average for 2014. This...

Global Markets: Simmering risks

Aug 04, 2015 22:06 pm UTC| Commentary

US data painted a mixed picture for Fed interpretations. The ISM fell from 53.5 to 52.7, which disappointed estimates and is seen as further evidence that the strong dollar is having a detrimental impact on industry....

US auto sales soar in July

Aug 04, 2015 21:46 pm UTC| Commentary

US auto sales soared to 17.5 million units on a seasonally-adjusted annualised basis in July, marking the third consecutive month of sales above the 17 million unit mark. Of the top 8 selling brands, seven recorded gains...