US oil production set to fall heavily

Apr 24, 2015 00:29 am UTC| Commentary

The latest data from the US Energy Information Administration (EIA) suggests that US crude oil production has reached a turning point.Weekly data released on 22 April showed the third output decline in the past four weeks....

US durable goods to show still-strong industry headwinds

Apr 23, 2015 23:09 pm UTC| Commentary

March durable goods data (24 April, 08:30 ET) will remain under pressure, as manufacturing is still affected by the rising US dollar and the side-effects of the oilprice slump.With likely slow aircraft orders, the headline...

Taiwan beware excessive euphoria

Apr 23, 2015 22:11 pm UTC| Commentary

The Taiwan dollar (TWD) has been supported so far in April by the weak US dollar and exporter conversion.Equity inflows, which have slowed so far in Q2, rebounded strongly on 23 April as foreign investors net bought over...

US GDP data likely to show muted Q1 growth

Apr 23, 2015 21:26 pm UTC| Commentary

US Q1 GDP growth is likely to have been feeble, dragged down by a sharp drop in (oil-related) non-residential investment, while private consumption has been lacklustre. The harsh weather was another headwind.The FOMC...

BoJ to raise monetary growth target

Apr 23, 2015 20:42 pm UTC| Commentary

The Bank of Japan (BoJ) will hold its second April monetary policy meeting on 30 April, at which the board will conduct the semi-annual review of GDP and inflation forecasts.The BoJ is likely to lower its FY15 (year...

China’s flash PMI suggests underlying momentum has softened slightly

Apr 23, 2015 19:05 pm UTC| Commentary

Chinas flash PMI (released on Thursday) remains subdued, with the index falling to 49.2 in April from 49.6. The decline suggests that seasonal distortions, which should have faded in April, may not have been the only...

Fears over Greece starting to dampen economic growth in the euro-zone

Apr 23, 2015 18:29 pm UTC| Commentary

Aprils fall in the euro-zone composite PMI, from 54.0 to 53.5 suggested that fears over Greece might already be starting to dampen economic growth in the region, offsetting any boost from loose monetary policy and the...