Jun 11, 2015 20:22 pm UTC| Commentary
Westpac Research notes:NZ swap yields 1 day: Given the movement in interest rates in key markets overnight, the NZ 2yr should open 2bp lower at 3.22% while the 10yr should open 4bp lower at 4.12%.NZ swap yields 1-3 month:...
FSR unlikely to have much impact on BoC monetary policy
Jun 11, 2015 19:10 pm UTC| Commentary
The Bank of Canadas biggest worries about financial stability were outlined in this mornings semi-annual Financial System Review. The concerns were broadly similar to what was published in December, but the overall risk to...
Strong retail sales shows US private consumption to see strong growth in coming months
Jun 11, 2015 18:49 pm UTC| Commentary
US retail sales rebounded strongly in May with sales ex auto and gasoline up 0.7% m/m and the control group (ex food, gasoline, building materials and autos) increasing a similar 0.7% m/m. Gains in sales were broad-based...
Fed likely to prepare ground for a post-summer rate hike at June FOMC meeting
Jun 11, 2015 18:18 pm UTC| Commentary
Buoyed by improving data and rising wages, the Fed may emphasise the first rate hike is getting closer. Debate is likely to focus on growth; this years forecast and potential growth estimates may be lowered. 2015 dot may...
Risks identified by BoC in its FSR remain largely unchanged relative to the Dec report
Jun 11, 2015 17:52 pm UTC| Commentary
The Bank of Canada published its semi-annual Financial System Review (FSR) this morning. The Bank of Canadas song remained largely the same today, with the identified vulnerabilities and risks to the Canadian financial...
Strong manufacturing is leading the acceleration of growth in Mexico
Jun 11, 2015 17:16 pm UTC| Commentary
Mexicos IP increased 0.1% m/m sa on April due to strong (and surprising) performance in manufacturing (2.0% m/m sa) partially offset by the expected strong decline in mining (-3.6%) and a flat performance in the...
Jun 11, 2015 17:09 pm UTC| Commentary
Western Union notes:The dollar added to its session gains following mixed but generally positive U.S. data. Consumers made a comeback in May with spending up a robust 1.2 percent, a whisker better than expected. The...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned