US ISM manufacturing index to break out of contractionary territory - TDS

Research Team at TDS, suggests that the US manufacturing sectors appears to be turning a corner and they expect the ISM manufacturing index to break out of contractionary territory in March.

Key Quotes

“However, nonfarm payrolls should slow significantly due to a historical seasonal underperformance in the month of March (employment growth has averaged 150k in last 5 years). The unemployment rate should rise modestly on account of the weak employment growth.”

Mar 28, 2016

ECB’s exit from the currency war – Danske Bank

Thomas Harr, Global Head of FICC Research at Danske Bank, finds the most recent ECB’s measures positive for risky assets as they, after all, are targeting the bank lending, credit channel and thereby economic growth rather than the currency channel, which is a zero-sum game.

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Mar 28, 2016

NZD: Market pricing a further 0.25% OCR cut from RBNZ - BNZ

Research Team at BNZ, suggests that after the RBNZ’s surprise cut recently the market now prices a further 0.25% OCR cut by August and around a 30% chance that rates need to be cut even further.

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