Jun 29, 2015 07:03 am UTC| Commentary
There is a risk in EUR-CHF of relatively small events such as this mornings move (approx. one centime lower) causing larger moves.The SNB made it abundantly clear on 15th January that it is unwilling to intervene on a...
Brazil's Q2 industrial production likely worse than Q1
Jun 29, 2015 07:00 am UTC| Commentary
Brazils industrial production (IP) fell by -6.4% yoy in the first four months this year including a -7.6% yoy decline in April. Assuming this rate sustains for the rest of the year the supply side economic activity index...
Stronger Czech imports to mute trade surplus
Jun 29, 2015 06:50 am UTC| Commentary
The Czech economy has seen continuing expansion driven by domestic demand (both consumption and investment), which is the main driver behind rising imports.The external trade balance for the Czech Republic (in the national...
European markets open significantly lower on news of Greek capital controls and 5-Jul referendum
Jun 29, 2015 06:25 am UTC| Commentary
The announcement by Greek PM Tsipras late on Friday of the intention to hold a referendum on the creditors proposals on the 5th July appears to have scuppered the possibility of a late agreement in advance of the imminent...
Euro area Q2 growth likely at 0.4% QoQ
Jun 29, 2015 06:06 am UTC| Commentary
Euro area manufacturing PMI is likely to realease on 1st June.Societe Generale estimates, the flash euro area manufacturing PMI, released last week, increased from 52.2 in May to 52.5 in June. This indicates that the...
UK Services PMI to rise in June
Jun 29, 2015 06:05 am UTC| Commentary
The UK services PMI has cooled markedly over the last year from the most recent peak of 60.5 in August 14 to 56.5 by May this year, in tandem with a fall in orders. However, business expectations have been more stable and...
UK construction PMI to rise in June
Jun 29, 2015 06:01 am UTC| Commentary
UKs 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 construction fuelled by a need to rebuild flood defences in parts...