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  • 3h
    Mads Koefoed Mads Koefoed
    Spanish services PMI declined to 56.1 in June vs. 58.4 expected and prior. The composite PMI declined to 55.8 vs. 57.8 expected and 58.3 prior.
    Q2 GDP growth...
    Mads Koefoed Mads Koefoed
    Italian services PMI rose more than expected last month at 53.4 vs. 52.3 expected and 52.5 prior. The composite PMI climbed 0.3 points to 54 vs. 53.3...
    dominom dominom
    Thank you very much for the additional info, much appreciated.
  • Editor’s Picks / 4 hours ago

    Plenty of challenges, but India could overtake China

    The Conversation
    IMF and World Bank forecasts show that India could take over from China as the world’s fastest growing economy in the next two years. The two ticks of approval for the Modi government come just over a year after Narendra Modi led the BJP to a landslide win in 2014, securing majority control of the lower house – something no single party has done since 1984. But Modi faces big challenges to deliver on his promise of good times for India – inadequate infrastructure, massive skill shortages and high levels of illiteracy – that will hinder efforts to generate the millions of jobs needed for the influx of young people entering the workforce.
    Read article on The Conversation
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  • Article / 5 hours ago

    3 Numbers: Greek finale is close, Europe PMI and EZ retail sales

    Blogger / MoreLiver's Daily
    3 Numbers: Greek finale is close, Europe PMI and EZ retail sales
    With a public holiday in US, the few European data releases are the only thing between us and the main event of the week – Greece's referendum on whether to accept a deal that is no longer available. It is weird after all these months, but perhaps we are finally moving toward a Dornbusch-moment. The Europe's final purchasing manager index and retail sales are expected to tell that Europe does not think Greece poses an economic risk.
    Read the article
  • Editor’s Picks / 6 hours ago

    China should let shadow banking play reform role

    Nikkei Asian Review
    The prevalence of margin lending worries the China Securities Regulatory Commission. There are no official figures on the extent of investment funded by shadow banks, but it is estimated that margin lending by trusts has pushed between 500 billion yuan to 1 trillion yuan into equities. If the regulators genuinely wished to halt shadow bank margin lending, they could do so. A wiser approach would be to let shadow banks play a greater role in China's financial reform. China's financial system is dominated by state banks, which prioritise state-owned enterprises at the expense of private enterprise and personal customers. Shadow banks exist to fill these service gaps.
    Read article on Nikkei Asian Review
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  • Article / 7 hours ago

    Odds for US September rate hike starting to widen

    Managing Director / Technical Research Limited
    New Zealand
    Odds for US September rate hike starting to widen
    The failure of US earnings to pick up is a “conundrum” for the the Fed because wage pressures should grow as the economy approaches full employment - but they are not. On the other hand, there's inflation and market pricing suggests things are on the right track there.
    Read the article
    M & MHG M & MHG
    Excellent analysis
    Max McKegg Max McKegg
    Thanks. Appreciated.
  • Saxo TV / Yesterday at 13:13 GMT

    Koefoed: Why June NFPs may clip wings of Fed hawks

    Mads Koefoed
    The US added 223,000 new jobs in June, fewer than the 230,000 expected. Moreover, the report saw job numbers from April and May revised down and flat wage growth. According to Saxo Bank’s Mads Koefoed, another poor report would make a September rate hike from the US Fed unlikely.
    watch video
  • Calendar event / Yesterday at 12:30 GMT

    US U.S. Employment Report

    High Non-Farm Payrolls
    High Unemployment Rate
    Med Private Payroll
    Med Avg Hourly Earnings M/M%
    Med Avg Hourly Earnings Y/Y%
    Med Participation Rate
    Med Average Hourly Earnings
    Med Average Hourly Earnings Net Change
    Med Overall Workweek
    Med Overall Workweek Net Change
    Med Government Payrolls