Talks on Greece likely to continue after Easter

Apr 02, 2015 05:28 am UTC| Commentary

The Eurogroup Working Group, the preparatory body of euro area finance ministers, held a conference call on Greece yesterday to examine a fresh list of economic reforms sent by the Greek government. The Greek government...

UK construction PMI up

Apr 02, 2015 05:22 am UTC| Commentary

The tone of the UK construction sector remains extremely buoyant. Business expectations rose last month. There are still signs of excess demand and so construction output (recall that this PMI is an output or activity...

Markets likely to focus on US monthly labour market report

Apr 02, 2015 05:01 am UTC| Commentary

Markets will likely be focused on tomorrows US monthly labour market report, including nonfarm payrolls and average earnings growth.As such, todays data releases will probably receive limited attention. That said, US...

Korea's current account surplus to reach USD94.3bn in 2015

Apr 02, 2015 04:51 am UTC| Commentary

Koreas current account surplus narrowed slightly in February, slipping to USD6.4bn from USD6.9bn in January (December: USD6.9bn; 2014: USD89.2bn). That said, due to a lower oil import bill, the surplus was the largest on...

Soft February US construction spending leaves Q1 GDP tracking unchanged at 1.0%

Apr 02, 2015 04:43 am UTC| Commentary

US construction spending fell 0.1% m/m in February, below the market expectation for a 0.9% gain. The main miss relative to the expectation came in public construction spending, which fell 0.8% and was driven by weakness...

Iran deal can slash oil price expectations

Apr 02, 2015 04:39 am UTC| Commentary

Markets are still waiting for the outcome of the diplomatic talks between Iran and the P5+1 - the five permanent members of the UN Security Council (France, the US, the UK, Russia and China) and Germany after six days of...

U.S. ISM illustrates the impact of stronger dollar

Apr 02, 2015 04:36 am UTC| Commentary

The modest decline in the ISM manufacturing index to a 12-month low of 51.5 in March, from 52.9, illustrates that the stronger dollar and soft overseas demand are still an obstacle for export-orientated producers. Other...