ECB ready to react to unwarranted tightening, but is cautious on Greece

Jun 16, 2015 08:52 am UTC| Commentary

Draghi, president of ECB, states, "measurable trend reversal in prices and a surge in volatility". He noted that a period of high volatility has often been observed after other episodes of QE in other jurisdictions, and...

Switzerland deeper in recession than expected

Jun 16, 2015 08:00 am UTC| Commentary

The effect of a stronger franc is more likely to become visible in the market. And these prices illustrate that the deflationary momentum continues.The price index is now an impressive 6% below last years level, with a...

BoJ governor caused USD-JPY to fall

Jun 16, 2015 07:47 am UTC| Commentary

Last Wednesday governor of BoJ had caused USD-JPY to plummet when he mentioned that the real yen (i.e. the level adjusted by price differences) was already very weak - implying that it did not have to depreciate any...

Spanish government bonds: vulnerable in short term, attractive in longer term

Jun 16, 2015 07:35 am UTC| Commentary

The upcoming Catalonian and Spanish general elections still constitute a risk for Spanish government bonds as far as investors are concerned. However, the risk is probably not as severe as feared just a couple of months...

India export growth remains negative in May

Jun 16, 2015 07:25 am UTC| Commentary

Indias goods trade deficit came in at USD10.4bn for May. The performances of both exports and imports remained in negative territory, with exports falling by 20.2% y/y while imports were down by 16.5% y/y. A large part of...

Japan may delay in reaching trade balance on a sustainable basis

Jun 16, 2015 07:09 am UTC| Commentary

The May trade balance of Japan is likely to show another deficit, confirming that it will take some time to reach a balance on a sustainable basis.According to Societe Generales estimation, Japans May trade deficit is...

Downward trend in Brazil's retail sales and consumption likely continued in April

Jun 16, 2015 07:01 am UTC| Commentary

Brazils retail sales were down -0.8% yoy and -6.6% qoq (annualised rate) in Q1, leading to an overall contraction of -5.9% qoq (annualised rate) in private consumption. According to Societe Generale, retail sales are...