France HICP inflation to print at 0.1% yoy in March

Apr 15, 2015 06:10 am UTC| Commentary

In February, the national French CPI measure came in at -0.3% yoy (0.7% mom) as expected after its reading of -0.4% yoy in January. Meanwhile, the HICP aggregate printed at -0.3% yoy from -0.4% in January. Fuel prices rose...

Downplaying talks of QE tapering

Apr 15, 2015 06:04 am UTC| Commentary

In contrast with the previous ECB press conferences held since last summer, when President Draghi kept raising expectations of QE action and then when significant questions remained on the design of QE, the next press...

Euro-zone industry sees benefits of weaker euro

Apr 15, 2015 05:20 am UTC| Commentary

Februarys hefty rise in euro-zone industrial production provides reassurance that the economy is starting to feel the benefits of a weaker euro and lower oil price. The 1.1% monthly increase in production was much stronger...

Further rise in Sweden's inflation won’t prevent another rate cut

Apr 15, 2015 05:17 am UTC| Commentary

Swedens headline inflation rate picked up further in March. But with inflation likely to remain well below target and the underlying rate unchanged, the Riksbank will likely cut rates further at its late-April meeting.The...

Korea Unemployment eases as economy starts to absorb new graduates

Apr 15, 2015 01:35 am UTC| Commentary

The seasonally adjusted unemployment rate receded to 3.7% in March from its February high (February: 3.9%; January: 3.4%), in line with expectations.On a seasonally adjusted basis, the improvement was partly helped by a...

USD-CAD expected reach 1.30 by end-Q2

Apr 15, 2015 00:44 am UTC| Commentary

FX markets rapidly priced in the economic impact of lower oil prices after the BoCs surprise January move. Since then USD-CAD has been largely range-bound, trading within 1.2350-1.2835.The failure of fundamental data to...

BoC may remain open to cutting rates further

Apr 15, 2015 00:22 am UTC| Commentary

The data has been relatively resilient lately, and the BoC will want to wait for more evidence the economy is weakening further before cutting rates again.The March jobs report was better than expected even if the details...