UK March CPI to remain Unchanged

Apr 13, 2015 21:28 pm UTC| Commentary

RBC Capital Markets notes: In the March UK inflation report out this afternoon RBC looks for CPI to remain unchanged at 0.0% y/y (in line with cons), with offsetting forces from lower utility bills and higher petrol...

US strategists have pushed out their long-held call

Apr 13, 2015 21:14 pm UTC| Commentary

The US strategists have pushed out their long-held call for the Fed hike, and now look for a September liftoff.For FX, it is not expected to make much difference, and would only become a concern for USD strength if...

China's export growth to normalise meaningfully in the coming months

Apr 13, 2015 18:44 pm UTC| Commentary

Chinas exports were shockingly weak in March. By region, demand from the US and the EU, which account for one-third of Chinas total exports, actually accelerated to 6.8% yoy from 6.1% yoy; demand from emerging Asia...

ECB is likely to highlight the improved outlook since the last meeting

Apr 13, 2015 18:08 pm UTC| Commentary

The next ECB meeting should be one of the easiest for the Governing Council in many months. QE has been announced and pre-committed until September 2016; the growth outlook is getting brighter, including an improvement in...

ECB’s QE could risk inflating bubbles in Germany

Apr 13, 2015 17:07 pm UTC| Commentary

With the ECBs quantitative easing programme putting upward pressure on German asset prices in particular, some point to a risk of bubbles developing there."We think the greater risk is that such concerns may place limits...

ECB keeping Greece on the rack

Apr 13, 2015 16:43 pm UTC| Commentary

Regarding Greece, the ECB will stick to its stance presented in March. Greeces banks will need to continue to resort to ELA financing (65.6bn in February, said to have increased to 73bn mid-April) until further clarity is...

ECB Governing Council likely to maintain status quo on all its policy decisions

Apr 13, 2015 16:40 pm UTC| Commentary

In contrast with the previous ECB press conferences held since last summer, when President Draghi kept raising expectations of QE action and significant questions remained on the design of QE, the upcoming 15 April press...