Euro-area inflation accelerated more quickly than expected

Jun 04, 2015 05:07 am UTC| Commentary

Euro-area CPI inflation accelerated to 0.3% y/y in May, according to the preliminary estimate, up from 0.0% in April. At the 3 June post-meeting press conference, Draghi said this was in line with ECB expectations and adds...

Greece – Agreement remains elusive

Jun 04, 2015 04:32 am UTC| Commentary

Greece and its official creditors remain far from an agreement on the reform package that will unlock the final tranche of bailout loans. At the time of writing, discussions have been escalated to top officials. A...

Philippine's May inflation probably eased but pressure likely building

Jun 04, 2015 04:21 am UTC| Commentary

The Philippines will release May CPI data on 5 June. Inflation is expected to have eased to 1.9% y/y from 2.2% in April. This will likely bring YTD inflation to 2.3% y/y, versus the central banks full-year target of 2-4%....

Malaysia's trade balance likely improved on lower import growth

Jun 04, 2015 04:06 am UTC| Commentary

Malaysia will release April trade data on 5 June. Exports is expected to have dropped 2.7% y/y, says Standard Chartered. Exports grew 2.3% y/y in March, but fell 2.5% y/y in Q1. External demand from Malaysias major trading...

Indian Rupee outlook : RBC

Jun 04, 2015 02:31 am UTC| Commentary

RBC Capital Markets notes:1-3 Month Outlook - Limited room to underperformINR was a middle of the road performer in May, dropping 0.63% against the USD. The modest weakness was partly attributable to follow through selling...

Brazil - Copom: Another hike followed by a laconic message

Jun 04, 2015 02:00 am UTC| Commentary

Today, the Copom decided to hike the Selic rate by 50bp, to 13.75%, in a unanimous decision, as consensus expected. The BCB did not change the post-decision communiqué relatively to the previous meeting, briefly...

South Korean Won outlook : RBC

Jun 04, 2015 01:39 am UTC| Commentary

RBC Capital Markets notes:1-3 Month Outlook - Door to cuts remains open KRW was one of the worst performing AXJ currencies in May, falling by 3.2% against the USD. Cyclical data and JPY price action have returned focus on...