Euro economy unimpressed by global headwinds
Nov 23, 2015 16:08 pm UTC| Commentary Economy
Weaker demand from the emerging markets has not dampened good sentiment in the economy so far. In November, the Purchasing Managers Indices climbed to new highs for the year. The index for the manufacturing sector rose by...
Euro Zone PMI rises but won’t deter ECB from boosting QE
Nov 23, 2015 15:54 pm UTC| Commentary Economy
Novembers solid increase in the euro-zone composite PMI indicates that the regions recovery might speed up in Q4 after Q3s slight slowdown. The rise in the headline output index from 53.9 to 54.4 was better than the...
US Markit flash manufacturing PMI slides to two-year low in November
Nov 23, 2015 15:41 pm UTC| Commentary Economy
The Markit manufacturing PMI declined to 52.6 in the November flash estimate, coming in below consensus expectations (54.0), as the headline index slid to the lowest level since 2013. Output declined to 54.6 (previous:...
Checking up on Japan's inflation and labour markets
Nov 22, 2015 21:54 pm UTC| Commentary Economy
Broad USD trend and fluctuations in risk sentiments will likely remain the main driver of USDJPY with Japanese data coming into focus in the latter part of this week. In particular, October Nationwide CPI (Friday) will be...
Autumn Statement to confirm significant fiscal tightening in UK
Nov 22, 2015 21:40 pm UTC| Commentary Economy
Wednesdays Autumn Statement and associated Office for Budget Responsibility forecasts will be a key focus for UK investors this week. For FX markets, interest will centre on any revisions to the path of forecast fiscal...
Federal economic and fiscal update for Canada
Nov 20, 2015 17:53 pm UTC| Commentary Economy
Federal Finance Minister Bill Morneau provided an update this morning of the governments view on the economic and fiscal outlook for Canada. Real output growth is expected to come in at 1.2% this year, and 2.0% next, a...
Russia's industrial production a bit slower, but no longer a soft spot
Nov 20, 2015 15:59 pm UTC| Commentary Economy
In October, Russian industrial production did not deteriorate that much in annual terms ( 3.6% yoy versus -3.7% yoy in September), but, taking seasonal and calendar effects into account it continued to contract (-0.1% mom...