All Blogs
Germany May retail sales report 30 June 2016 -0.3% prev revised up from -0.9% yy +2.6% vs +2.5% exp vs +2.7% prev revised up from +2.3% prev Stronger retails welcome news for the German domestic economy. EURUSD 1.1090 EURGBP 0.8286 EURJPY 113.82...
Despite the Brexit result it's still business as usual as far as UK payments to the EU are concerned 30 June The German Bundesbank buys euros each month-end, in excess of €2bln, to cover the UK's EU membership fee...
The results of a Reuters poll of 8 Chinese fund managers 30 June recommend cash holdings to be reduced to 16.9% vs 20.6% last month suggest raising equity exposure for next 3 months to 76.9% vs 71...
Japan May housing report 30 June 2016 +9.0% prev annualised starts +1.017m vs +0.973m exp vs +0.995m prev Slightly delayed but now out. Not a price changer in its own right. USDJPY 102.64 .Expect bids/demand into 102.50 after its retreat from 103.00...
BOE governor Mark Carney delivers a post-Brexit market update today 30 June Carney is set to outline his thinking on how Britain's economy is coping with last week's vote to leave the EU, his second response since the Brexit result. BoE says Carney will deliver a speech at 15...
Your Economic Data/Event Calendar for today in Europe 30 June 2016 Greetings and welcome to month-end. And that's means month-end flows ( don't forget the usual EURGBP demand for the UK's EU membership fees. Yes we've still got to pay those for a while yet!). Also keep an eye on the 15...
Reuters with the news from Fitch ratings: Brexit has no direct APAC sovereigns, bank ratings impact UK's vote to leave European Union has no immediate direct ratings impact on Asia-Pacific sovereigns or banks Spike in political uncertainty in UK - and resulting effects on investor risk appetite...
Fitch with a dour assessment on China Overcapacity weighs on china bank operating environment Over-capacity and over-leverage remain significant challenges for Chinese steel industry Expects steel sector to continue relying on commercial paper refinancing High levels of indebtedness in industrial...
Aussie data Job vacancies for May, -1.9% m/m prior 2.7% Private Sector Credit for May, +0.4% m/m expected 0.5%, prior 0.5...
ANZ data for June Activity Outlook 35.1 prior 30.4 Business Confidence 20.2 prior 11.3...
Here's a piece in Bloomberg on China stockmarkets, and it isn't cheery: Shanghai Composite Index firms reported earnings per share for the past year that were 33% below what analysts had predicted 12 months ago The gap widened to the most since 2009 The gap , far outstrips the difference between...
Some highlights from the latest 'China Beige Book' analysis on China's economy Economy bounced in Q2 from the slowdown in the previous two quarters (Q4 of 2015 and Q1 of 2016 were the weakest in the history of the beige Book report) Services and construction the bigger drivers of the bounce Servi...
New Zealand Building Consents for May For the m/m, down 0.9% (prior +6.6% For the y/y, up 13% to an 11 year high From Stats NZ: consents for new dwellings are at a higher level than in 2015, but there has been little growth in recent months...
GfK Consumer Confidence for June A beat, coming in at -1 expected -2 prior -1 This was a pre-Brexit vote survey (conducted June 1 to June 15...
Japan preliminary Industrial Production data for May -2.3% m/m expected -0.2%, prior 0.5% And -0.1% y/y expected +1.9%, prior was -3.3...
EURUSD: Having EURUSD closed higher on Wednesday, it could face further upside. This development if seen will aim at its key overhead resistance at 1.1130 zone. On the downside, support lies at the 1.1100 level. Further down, support comes in at the 1...
OTTAWA (MNI) - The world after Brexit is one of heightened uncertainty with a higher risk of a global recession, which is "bad news" for most commodity-led countries and their currencies, T. Rowe Price Global Unconstrained Bond Fund Portfolio Manager Arif Husain told MNI...
DNB Markets have updated their foreign exchange forecasts for the new post-Brexit world and the dollar and Scandis are the big winners...
We're waiting for comments from two people The EU has made itself clear, it won't negotiate a new deal with Britain until an Article 50 notice. That might be posturing but it's the best we have to go on right now and it won't change imminently...
ABN Amro sees slower British growth The economists at ABN Amro see 2016 relatively unchanged at 1.5% compared to 1.6 but a prolonged period of uncertainty will hurt 2017 growth badly. They now forecast growth at 0.5% next year compared to 2.5% previously...
