UK Markit construction PMI to rise

Jul 02, 2015 05:00 am UTC| Commentary

UK construction PMI peaked at a high level in 2014, driven by a surge in housing construction. That has cooled, as has the temporary surge in infrastructure constructionfuelled by a need to rebuild flood defences in parts...

Australia's Q2 net exports to be considerably less favourable

Jul 02, 2015 04:46 am UTC| Commentary

Australias trade deficit narrowed to $2.8bn in May, from a revised $4.1bn deficit in April. For the June quarter, the trade deficit could approach $10bn.That would be a more than $5bn deterioration on a $4.5bn deficit for...

U.S. manufacturing index indicates stronger domestic spending

Jul 02, 2015 04:40 am UTC| Commentary

After decelerating considerably from its 2014 average of 55.7, U.S. manufacturing is showing signs of life again with two consecutive monthly gains.General improvement in U.S. manufacturing reflects stronger domestic...

No changes likely to ELA for Greece

Jul 02, 2015 04:36 am UTC| Commentary

First, the ECB will discuss the level of emergency lending to Greek banks today and may reassess the haircuts it imposes on Greek bank collateral in exchange forfunds. No changes are likely.Second, without a bailout...

US June auto sales tally caps off best quarter for new sales

Jul 02, 2015 04:28 am UTC| Commentary

Although the level of sales came down a notch from a monster May, Junes tally is nothing to sneer at. Both the University of Michigans and the Conference Boards consumer confidence indices surged in June, leading buyers...

Daily Economic Outlook: 2nd July, 2015

Jul 02, 2015 04:16 am UTC| Commentary

While markets await further developments in the Greek crisis, the focus today will at least briefly turn to the US. The monthly employment report has usually been seen as the key release of the month and that the FOMC has...

ISM factory index confirms U.S. economy shaking-off soft patch shackles

Jul 02, 2015 03:58 am UTC| Commentary

The ISM manufacturing index was 53.5 in June. This matches the high for the year and indicates that the drag on factories coming from the strong U.S. dollar and weak oil industry is no longer having as much negative impact...