China's money supply growth may have rebounded

Jun 02, 2015 12:21 pm UTC| Commentary

Chinas M2 growth is expected to have picked up to 11.1% y/y in May from 10.1% in April, mainly owing to an increase in the money multiplier. The 100bps RRR cut in April likely raised the money multiplier, while reserve...

China's Growth likely to decelerate in Q2

Jun 02, 2015 12:12 pm UTC| Commentary

Chinas total investment growth is likely to have decelerated further in the January-May period. Prices of steel products and cement have not rebounded YTD, despite accelerated approvals of new infrastructure projects. This...

China's Growth likely to decelerate in Q2

Jun 02, 2015 12:12 pm UTC| Commentary

Chinas total investment growth is likely to have decelerated further in the January-May period. Prices of steel products and cement have not rebounded YTD, despite accelerated approvals of new infrastructure projects. This...

China's inflation likely eased

Jun 02, 2015 12:02 pm UTC| Commentary

Chinas CPI inflation is likely to have eased again, to 1.3% y/y (-0.1% m/m) in May from 1.5% in April. Food prices likely dropped 0.8% m/m (after falling 0.96% in April) on lower vegetable, fruit and egg prices, based on...

China’s export and import growth likely remained negative

Jun 02, 2015 11:54 am UTC| Commentary

Chinas trade data is usually quite volatile. The May data is likely to indicate that external and domestic demand remain weak."Exports is expected to have fallen 8.5% y/y (versus a 6.2% y/y contraction in April) given the...

USD-JPY led US dollar recovery

Jun 02, 2015 10:11 am UTC| Commentary

A long USD-JPY recommendation has been initiated at 117.50 on 1 December 2014, based on two key themes: (1) monetary policy divergence (2) an increasing trend of Japanese investor outflows According to Barclays,...

Euro area manufacturing PMIs decline

Jun 02, 2015 09:55 am UTC| Commentary

Euro area final manufacturing PMIs were slightly revised down from the flash estimate at 52.2 (-0.1 point), matching Marchs 10 month high. An upward revision to new orders was more than offset by downward revisions in...