Weak real exports likely to pet Japan's industrial production for May
Jun 29, 2015 04:50 am UTC| Commentary
Japans real exports (-4.9% mom) is very weak. Therefore, industrial production for May is expected to be weak (-2.2% mom), after firm growth in April (+1.2% mom), states Societe Generale.As this years Golden Week holidays...
Flash German HICP inflation to print a tick low
Jun 29, 2015 04:45 am UTC| Commentary
Flash German HICP inflation to print a tick lowIn Germany, the energy component again is expected to provide the biggest pull for the headline number as gasoline prices continued to rise (1.1% mom) according to the...
China targeted RRR cut, not necessarily more easing
Jun 29, 2015 04:00 am UTC| Commentary
A system-wide RRR cut was expected, but the PBoC switched back to targeted cuts, 50bp for those banks whose lending to agriculture and SMEs reach a certain percentageand 300bp for finance companies, which manage excess...
China Policy outlook, a quieter Q3
Jun 29, 2015 03:58 am UTC| Commentary
Although this move in isolation might not more effective for China, the cumulative impact of the easing since November last year is gradually trickling down to the realeconomy, albeit with a lag. Besides, the fiscal policy...
China Policy rate cut, helpful but not that helpful
Jun 29, 2015 03:46 am UTC| Commentary
This rate cut is expected, but, the PBoC did not liberalise deposit rates further. The maximum rate that banks can offer is 3%, down from 3.375%.However, most of the banks, especially the big ones, already set their rates...
Final Euro area services PMI to suggest fastest growth in sector for 4 years
Jun 29, 2015 03:41 am UTC| Commentary
The flash euro area services and composite PMIs, published last week, implies the fastest growth in four years.The breakdown of the survey is expected to show a similar picture as the flash estimate with expectations of...
Flash June Euro area HICP inflation to improve
Jun 29, 2015 03:36 am UTC| Commentary
The ongoing recovery in consumer prices is expected to continue unabated. The energy component should benefit from the higher gasoline prices recorded over the month of June while the food component should also see a tepid...