Jun 29, 2015 03:25 am UTC| Commentary
Polls send ambiguous signal. Reuters reported a poll from Alco showed 57% in favour of reaching a deal (29% against) while a poll from Kapa Research showed 47.2% in favour (33% against).The Kapa poll further showed that...
US unemployment rate to decline in June
Jun 29, 2015 03:19 am UTC| Commentary
The labour market is nearing full employment which should mark an inflection point on wage growth. The ECI survey is already showing evidence of a buildup of wage pressures, but the monthly data on average hourly earnings...
Steady progress continues in US June payrolls
Jun 29, 2015 03:14 am UTC| Commentary
Although job openings rose to a new record high in April, jobless claims suggest that the pace of job gains slowed somewhat in June. Initial jobless claims averaged at 277k during the four weeks leading to the June...
PBoC cut both rates and RRR after stock market plunge
Jun 29, 2015 02:15 am UTC| Commentary
In a seemingly emergency move, the PBoC announced 25bp benchmark rate cut on Saturday, combined with targeted RRR cuts, effective 28 June. The timing - after Fridays 7.4% plunge in SHCOMP, and magnitude - the first such...
UK Q1 GDP to be revised up to 0.4% qoq
Jun 29, 2015 01:55 am UTC| Commentary
The second estimate of Q1 GDP surprised in that it was not revised up from the original estimate of 0.3% qoq; services growth was actually revised down, offsetting upward revisions to IP and construction. Since then, fresh...
UK money and credit data to reiterate healthy activity trends
Jun 29, 2015 01:42 am UTC| Commentary
The current strength of consumer demand has been fuelled by rising real incomes but also by strong consumer credit growth. In contrast, whilst consumer confidence is at very high levels, it is striking that mortgage...
Flash German HICP inflation to print at 0.6% yoy
Jun 29, 2015 00:58 am UTC| Commentary
June Flash German CPI is expected to print a tick lower than in May at 0.6% yoy. On the details, more of the same is expected with the energy component again providing the biggest pull for the headline number as gasoline...