Australia

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 are closed on account of Independence Day. Today’s Economic events Japan Monetary Base y/y 25.40% ...

2016-07-04 John Benjamin Read more
Eurozone

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 Economic events UK Gfk consumer confidence -1 vs. -2 Japan industrial production preliminary m/m -2.30%...

2016-06-30 John Benjamin Read more
FED RBNZ_New Zealand Dollar

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 Eurozone M3 money supply y/y 4.90% vs. 4.80% Eurozone private loans 1/60% vs. 1.60% US goods trade balanc...

2016-06-27 John Benjamin Read more
Germany

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 await Janet Yellen's speech later this evening. Today’s Economic events RBA monetary policy meeting ...

2016-06-21 John Benjamin Read more
Jobs Reports

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 hold interest rates unchanged at 0.50% Today’s Economic events Australia Westpac consumer confidenc...

2016-06-15 John Benjamin Read more
BoE_Brexit

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 Economic events Japan bank lending y/y 2.20% vs. 2.0% previously Australia MI inflation expectations 3....

2016-05-12 John Benjamin Read more
Greece_Bailout

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 events BoJ releases monetary policy meeting minutes Japan average cash earnings y/y 1.40% vs. 0.60%...

2016-05-10 John Benjamin Read more