Euro area monetary and credit dynamics to improve further in May
Jun 22, 2015 00:27 am UTC| Commentary
Continued improvements have been seen in monetary and credit dynamics since the ECB adopted an accommodating stance back in June (rate cuts, TLTRO, QE). Indeed, M3 money supply growth recovered from a lacklustre 1.1% yoy...
US home resales to climb to a two-year high
Jun 21, 2015 23:45 pm UTC| Commentary
Housing activity in the US appears to be heating up. Pending home sales, which capture contract signings on home resales, rose in April to the highest level since 2007.Allowing for some lags and contract cancellations,...
NJA: Central banks on hold amid poor manufacturing growth
Jun 21, 2015 23:18 pm UTC| Commentary
Attention in Asia will focus on central bank meetings and manufacturing/industrial production data. On Thursday, the BSP in the Philippines and CBC in Taiwan are scheduled to deliver decisions that will likely leave policy...
Central Bank of Turkey to leave interest rates unchanged
Jun 21, 2015 22:41 pm UTC| Commentary
The Central Bank of Turkeys (CBRTs) monetary policy committee (MPC) meets on Tuesday, 23 June. No change is expected across the interest-rate complex. Since the last meeting, the surprise result of Turkeys election has...
Euro area composite PMI likely softened marginally
Jun 21, 2015 22:16 pm UTC| Commentary
The euro-area composite PMI likely softened to 53.3 in June from 53.6 prior. Higher oil prices, uncertainty stemming from the Greek reform negotiations and slightly weaker-than-expected global growth are likely taking some...
Taiwan's overseas orders likely declined due to weak China demand
Jun 21, 2015 21:50 pm UTC| Commentary
Taiwan is scheduled to release May export orders data on 23 June. Export orders are expected to have declined 5.8% y/y, versus the 4.0% decline in April. Tech orders likely remained in positive territory, supported by...
Singapore inflation probably remained benign in May
Jun 21, 2015 21:30 pm UTC| Commentary
Singapore will release May inflation data on 23 June. Inflation is expected to have remained at -0.5% y/y for a second consecutive month on a favourable base effect.Inflation will likely remain dragged down by housing...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned