daily analysis

Australia’s federal elections over the weekend saw no major party taking a lead with counting set to resume on Tuesday. In the UK, construction PMI fell sharply in June, plunging to a 7-year low. Eurozone PPI edges higher in May. US markets…
Read More

Japan’s industrial production was weaker, falling 2.30% on the month. In the Eurozone inflation was positive for the first time in five months. UK’s GDP for the first quarter remained unchanged, but business investment fell. Today’s…
Read More

New Zealand posted a trade surplus of 358 million, more than the expected 185 million. In Europe, Brexit jitters continued with markets posting steady losses. Today’s Economic events New Zealand trade balance 358mn vs. 185mn…
Read More

German constitutional court today ruled in favor of the ECB's OMT program, noting that the ECB's unlimited sovereign bond purchase program was within the legal boundaries. In the UK, public debt narrowed in May but remains higher. Markets…
Read More

UK’s unemployment rate fell to 5.0%, marking an 11-year low while wage growth accelerated. MSCI, the global index provider, denied inclusion of China’s A-shares in its index. The markets look to the FOMC meeting where the Fed is expected to…
Read More

In a close call, the RBNZ decided to leave the OCR rate unchanged at 2.25% at its meeting yesterday. UK’s trade balance data narrowed in April. China’s inflation grew at a weaker pace of 2.0%, down from April’s 2.30%, while PPI continued to…
Read More

Eurozone’s industrial production slowed to a 3-month low, falling 0.80% m/m. In the UK, the Bank of England left interest rate unchanged but lowered GDP forecasts for 2016 and expects inflation to reach 2.0% in mid-2018. Today’s…
Read More

German factory orders surged the month in March as demand for German goods increased from non-Eurozone countries. Japanese officials continue their verbal salvo against the yen and Greece approves more austerity measures. Today’s Economic…
Read More