Forex News
UK Recovery Threatened by Low Wages
Britain’s economy has been on the up over the last few months, with an improving employment picture and rosier growth prospects.
ECB Will Gain New Oversight Powers in November
The European Central Bank will attain significant powers over the euro zone’s commercial banks once it becomes their supervisor later this year,
Dallas Fed President Agrees Tapering is Right Course
Despite another anemic jobs report, central bankers are on the right course with tapering their monthly bond purchases,
US: the jobs report was a mixed bag
Today’s jobs report was a mixed bag, but weaker-than-expected payrolls will likely add to the recent market concern that the US recovery might be coming off the rails.
Euro area: European – not German – judges to decide on ECB bond buying
The German Constitutional Court will not rule on the ECB’s bond buying programme that has been essential for calming down European financial markets. It referred the case to the European Court of Justice, which is unlikely to stop it.
Sweden: Unexpected drop in services while manufacturing industry is recovering
Production in the manufacturing industry dropped in December, but somewhat less than we had expected. Production was down 1.0% m/m after the upsurge by 5.5% in November.
Flash comment: December prod. figures
Industrial production fell back as expected. Given November surge trend is rather strong
RBA Statement on Monetary Policy – February 2014
The RBA signalled its shift to a neutral policy stance after the 4 February Board meeting. So the main task for today’sStatement on Monetary Policy (SMP) was to flesh out the thinking behind that shift.
RBA confirms shift to neutral policy bias
The RBA signalled its shift to a neutral policy stance after the 4 February Board meeting. So the main task for today’sStatement on Monetary Policy (SMP) was to flesh out the thinking behind that shift.
US Nonfarm Payrolls Preview: Noise, Noise and More Noise
Expectations for the next nonfarm payrolls report are nothing special – the median forecast of economists by MNI puts the headline at +190,000 and private payrolls at +185,000,
US: here we go again – the next debt ceiling fight
Yet again, a fresh battle over the federal debt ceiling is looming and the issue will likely grab the market’s attention, at least for a while.
Retail Trade – December 2013
The rise in retail trade over December was right on market expectations of a 0.5% rise (CBA (f): 0.8%)). We had beenanticipating a slightly stronger result based on anecdotal evidence of a decent period of Christmas spending.