News
Czech spending holds up amid softer inflation
1+ hour, 4+ min ago (422+ words) ING THINK economic and financial analysis | ING THINK Retail sales undershot expectations in April, yet largely due to a strong Easter effect in the food segment. Spending on non-food goods suggests further consumer strength, while inflation is set to behave…...
FX Daily: Subdued oil volatility preventing USD breakout
9+ hour, 13+ min ago (526+ words) Upside volatility in oil prices has remained surprisingly limited, considering the lack of tangible progress in US-Iran negotiations. That is preventing the dollar from breaking higher despite the strong macro backdrop. Still, we expect another solid US jobs report today,…...
Rates Spark: Heading into payrolls looking for something
1+ day, 10+ hour ago (429+ words) ING THINK economic and financial analysis | ING THINK Market rates have been remarkably steady of late. Long end rates are holding to elevated tendencies that built in recent months, while shorter tenor rates are being bolstered by ongoing rate hike…...
Favourable Czech inflation sharpens focus on June CNB meeting
1+ day, 1+ hour ago (439+ words) ING THINK economic and financial analysis | ING THINK Czech inflation slowed in May, with headline, core, services and goods measures all softening. Recent hawkish signals from the Czech National Bank have prompted the market to price in a June hike....
National Bank of Poland's governor says the current level of interest rates is adequate
1+ day, 21+ hour ago (235+ words) The current level of interest rates is sufficiently high to stabilise inflation, and the risk of rate hikes has declined, according to National Bank of Poland'Governor Adam Glapinski. A holding pattern'is now the most likely scenario. Our baseline scenario continues…...
US Dollar Credit Supply: Supply continues at a strong pace
2+ day, 24+ min ago (156+ words) Supply remains hefty in May, pushing the year-to-date'figures further ahead of previous years Strong supply in USD and EUR for US corporates Strong supply of US$89bn seen in May, an increase on the norm from previous years. YTD supply now…...
A rate hike and then what? Our ECB preview
2+ day, 3+ hour ago (286+ words) With a rate hike looking like a done deal, all focus will be on whether the ECB gives any guidance on what will happen beyond next week's meeting Reasons for this view are still the absence of substantial fiscal support…...
A Bank of England rate hike in July can't be ruled out
2+ day, 9+ hour ago (672+ words) A June rate rise now looks unlikely amid a fall in oil prices and weaker economic data. Yet a hike in July is possible if energy flows through the Strait of Hormuz don't materially " and durably " improve over the next…...
FX Daily: Dollar support broadens
2+ day, 9+ hour ago (824+ words) ING THINK economic and financial analysis | ING THINK An encouraging, if slightly flattering, US JOLTS job openings figure gave the dollar broad support yesterday, and similar positive news could be incoming today. It looks like last year's dollar debasement trade…...
Dutch inflation edges higher on indirect energy effects
3+ day, 3+ hour ago (299+ words) Dutch inflation edges higher on second-round energy effects ING THINK economic and financial analysis | ING THINK Headline inflation in the Netherlands has shown the first signs of indirect effects from energy prices since the beginning of the war in Iran,…...