Japan economy minister Amari: Says consumption harmed in July and August due to bad weather Amari speaking in Tokyo – Japan finance minister Aso said similar things about the weather in July, too: Japan finance minister Aso: Bad weather in … Continue reading
Quoted on the wires from an interview with Italian newspaper Corriere della Sera published earlier, so not exactly hot off the press does not expect the Eurozone to slip into deflation but is confident that ECB will act to stave … Continue reading
Japan economy minister Amari: Too early to say Japan out of deflation – Comment on the wires – Meanwhile yen is flat on the session, barely any movement on it.
Prior -1.5% CPI -0.7% vs -0.9% exp y/y. Prior -1.1%
Prior 0.5% Core 0.8% vs 0.8% prior y/y Euro unworried at 1.3392 as we tick towards that deflation line…sorry…disinflation line.
Even I’m struggling to hang on to my reasons for maintaining a long euro position at the moment. The data hasn’t really improved and the only chink of light is the new business numbers from the services and composite PMI’s … Continue reading
Analysts are quickly cutting 2014 Eurozone inflation forecasts: Nomura cut their forecast for 2014 euro zone inflation to 0.6 percent, from 0.8 percent last month Barclays sees 2014 inflation 0.5 percent, with a dip to 0.4 percent over the summer … Continue reading
Prior 0.5% Core 0.8% vs 0.7% exp y/y. Prior 0.7% Unchanged first estimate but a tick up in the core may keep euro bears from hitting the sell button. EUR/USD not doing a lot at 1.3655, and as I expected … Continue reading
President of ZEW, Clemens Fuest, says that QE should only be a reaction if there was a real threat of deflation, a deflationary spiral and shouldn’t be designed an an instrument to reduce the risks for investors of government bonds. … Continue reading
We can all breathe a sigh of relief now eh? Does not share concerns that bank stress test will be too strict Stimulating securitisation market is not a primary task on monetary policy ECB entered uncharted territory with new measures … Continue reading