Sharp drop in Norway's retail sales
Jun 29, 2015 08:57 am UTC| Commentary
Norwegian retail sales fell sharply in May with 3,4% m/m.The sharp downturn in May retail sales must be seen in relation to the strong April figure at +2,0%, notes Nordea Bank. However that move is more than reversed with...
BoJ’s Tankan survey indicates firm recovery of economy
Jun 29, 2015 07:51 am UTC| Commentary
The current business condition diffusion index (DI) for large manufacturers is likely to improve to +14 in Q2 from +12 in Q1. After rising to +17 in Q1 2014 due to the temporary increase in consumption ahead of the...
BoJ’s Tankan survey indicates firm recovery of economy
Jun 29, 2015 07:51 am UTC| Commentary
The current business condition diffusion index (DI) for large manufacturers is likely to improve to +14 in Q2 from +12 in Q1. After rising to +17 in Q1 2014 due to the temporary increase in consumption ahead of the...
Chile's unemployment rate likely increased to 6.3% in May
Jun 29, 2015 07:35 am UTC| Commentary
The continued weakness in Chiles trade data (although partly due to further deterioration in terms of trade) shows that both the domestic economy and the external demand environment, have yet to show any sign of revival....
China cuts benchmark interest rates and RRR for certain banks
Jun 29, 2015 07:15 am UTC| Commentary
PBoC on Saturday cut its benchmark interest rates for the fourth time in seven months as it steps up policy easing to boost the economy. The one-year lending rate was reduced by 25bps to a record low of 4.85%, while the...
Central Bank of Turkey keeps losing FX reserves
Jun 29, 2015 07:10 am UTC| Commentary
This is a crucial week for Turkish politics, which adds to the risk off sentiment already imposed by developments in Greece and a coalition government will be formed.Meanwhile latest CBT data, noted by SocGen,...
Jun 29, 2015 07:08 am UTC| Commentary
Industrial production fell by 2.2% in Japan in May as a publication of the Ministry of Trade and Industry this morning illustrates.How lucky for the yen that it currently benefits from Greece. However, imported strength of...