Forex News
US: Real GDP Tumbles at a 1.0 Percent Pace in Q1
Revised data show that real GDP declined at a 1.0 percent pace in the first quarter, compared to a preliminary rise of 0.1 percent. Real final sales rose at a 0.6 percent pace, only slightly less than first reported.
Capex – QI 2014
• Actual capital spending fell by 4.2% in QI and will make a small negative contribution to QI GDP growth.
BOJ Shirai: See 2% CPI Without Much Stress; Timing Uncertain
Bank of Japan board member Sayuri Shirai said Thursday that the BOJ can anchor inflation around 2% without causing too much stress on households and
Fed Lockhart: Rate Hike 6 Months After QE End Too Short, Too Mechanical
Atlanta Federal Reserve Bank President Dennis Lockhart Tuesday night said calculating the timing of first interest rate increase as six months after
ECB Draghi: Have Necessary Tools To Deliver Mandate
European Central Bank President Mario Draghi said Tuesday that the ECB has sufficient tools to deliver its price stability mandate of just below two percent.
U.S. durable goods orders rise on defense, but business spending plans weak
Orders for long-lasting U.S. manufactured goods unexpectedly rose in April, but a drop in a measure of business capital spending plans could temper expectations for a sharp rebound in economic growth this quarter.
Swedish trade balance: Exports finally recovering
Exports of goods rose by a mere 1% over the year in April. However, this is a decent figure taking into account that the calendar weighed on growth (one working day less than in April last year).
ECB Draghi: Must Be Alert To EMU Deflation Risks
European Central Bank President Mario Draghi said Monday that the Bank must be alert to negative price spirals in the Eurozone and conceded that there was a risk of deflation in the currency area under certain scenarios.
Sweden: Retail sales – yet another sunny reading
Following an already positive trend in recent months, retail sales reached new highs in April. Retail sales rose by an impressive 5.7% over the year, beating even our above-consensus call.
QI Capex Preview
The QI capex data is released on Thursday 29 May. In this capex surveywe receive the actual QI capex data, the sixth estimate for 2013-14spending and most importantly, the second estimate for 2014-15 capexcapex spending.
BOJ Kuroda: Japan Economy To Rebound in July-Sept
Bank of Japan Governor Haruhiko Kuroda said the domestic economy will overcome a slump caused by the April sales tax hike and start growing again in the July-September quarter.
IMF Lagarde: Central Banks Might Have To ‘Lean Against The Wind’
International Monetary Fun Managing Director Christine Lagarde said Sunday that monetary policy may need to ‘lean against the wind’ of emerging financial imbalances.