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...

US manufacturing ISM to post second consecutive increase

Jun 29, 2015 00:25 am UTC| Commentary

Factory activity appears to have stabilized after slowing sharply at the start of the year. The manufacturing ISM reached a low point in March/April and began to reverse the earlier weakness in May. The rebound is expected...

War of nerves over the referendum in Greece

Jun 28, 2015 23:14 pm UTC| Commentary

The week to come will be marked by a war of nerves over the referendum in Greece, scheduled for next Sunday. The left-wing Greek government is building up pressure by suggesting to the Greek voters to reject the creditors...

A roadmap for the Greek referendum

Jun 28, 2015 22:50 pm UTC| Commentary

Greek PM Tsipras surprised everyone by calling for a referendum to be held on 5 July. The referendum will ask the Greeks whether or not they accept the latest proposal presented by the Institutions. The Greek government...

Euro area CPI inflation likely to stay at 0.3% y/y

Jun 28, 2015 22:29 pm UTC| Commentary

June headline euro-area CPI inflation, due on Tuesday, is expected to remain 0.3% y/y. Core CPI inflation likely eased slightly to 0.8% y/y from 0.9% prior. Headline CPI inflation moved out of negative territory in April...

South Korea CPI inflation may have remained benign in May

Jun 28, 2015 22:24 pm UTC| Commentary

South Korea will release June CPI inflation data on 1 July. Inflation is expected to have eased to 0.1% m/m from 0.3% in May, but to have picked up to 0.8% y/y from 0.5% on the gradual increase in oil prices and the c.2.8%...