Further weakening expected in ZEW

Jun 16, 2015 06:52 am UTC| Commentary

The ZEW investor economic sentiment indicator may weaken further in June, to 34.6 from 41.9 before. This would still leave it 0.2 standard deviations above its long-run average. Interestingly, the assessment of current...

BoE's MPC likely unanimous for now, labour market to continue to improve

Jun 16, 2015 05:42 am UTC| Commentary

The Bank of England Monetary Policy Committee (MPC) view was likely unanimous at its June meeting in terms of keeping the bank rate unchanged. The minutes will likely show divergent outlooks within the MPC regarding how...

Euro area's CPI likely matched flash at 0.3%

Jun 16, 2015 05:35 am UTC| Commentary

The final euro-area CPI inflation rate for May, due on 17 June, is likely to match the flash release at 0.3% y/y, up from 0.0% prior. Core CPI likely also matched the flash, up to 0.9% y/y.The two factors likely...

Base effects improve Singapore's May NODX

Jun 16, 2015 04:51 am UTC| Commentary

Singapores non-oil domestic exports (NODX) data for May is set to release on 17 June.Standard Chartered estimates, NODX is likely to grow at 5.1% y/y, from 2.2% a month ago, on base effects, but a decline of 1.5% y/y is...

Daily Economic Outlook: 16th June, 2014

Jun 16, 2015 04:33 am UTC| Commentary

UK inflation figures, due 16 May, are expected to show that the foray into negative territory last month was temporary, resulting in part from volatility in airfares because of the shift in the timing of Easter relative to...

Brazil - Current BCB hawkishness underscores intent to reclaim policy credibility

Jun 15, 2015 23:55 pm UTC| Commentary

Few central banks are currently more hawkish than the Banco Central do Brasil (BCB). On 3 June, the BCB hiked its policy rate (SELIC) another 50bps to 13.75%, reaching 275bps of cumulative tightening since October...

US - Both Empire and Industrial Production were weaker than expected

Jun 15, 2015 23:28 pm UTC| Commentary

US economists say the slip in May IP was on the back of energy related components in particular. As an example, consumer goods were down 0.2% but it was nondurable consumer goods doing all the damage, with widespread...