ING Economic and Financial Analysis Analysis

ECB: No Spring Break But A Study Break By Carsten Brzeski - Apr 11, 2019

After the March action, the ECB took it a bit easier today. The ECB first wants to spend more time in the study room before announcing details of the new TLTROs or even presenting measures to bring...

ECB Calm After The March Storm By ING Economic and Financial Analysis - Apr 10, 2019

We're not expecting any fireworks from today's ECB meetingUSD: Core CPI to remain modestly above the Fed’s targetThe focus today is on the US March CPI. Our economists expect energy prices to be...

FX: U.S. Tariff Threat To Keep Lid On Euro By ING Economic and Financial Analysis - Apr 10, 2019

President Trump's threat to impose tariffs on selected EU goods in response to the claimed EU subsidies for Airbus may keep a lid on European FX vs USD today. But the impact should be more limited and...

The Commodities Feed: WTI/Brent Discount Narrows By ING Economic and Financial Analysis - Apr 10, 2019

Your daily roundup of commodity news and ING viewsWTI/Brent spread vs. US crude oil exportsEnergyWTI/Brent discount narrows: The WTI/Brent spread continued to narrow yesterday, with the discount...

GBP: Moving Towards ‘flextension’ By ING Economic and Financial Analysis - Apr 09, 2019

The focus this week turns to the European Council meeting on Wednesday where leaders meet to decide whether to allow a further extension to the Article 50 period.USD: Higher oil prices favouring LatAm...

The Commodities Feed: Chinese Gold Reserves Grow By ING Economic and Financial Analysis - Apr 08, 2019

Your daily roundup of commodity news and ING viewsChina gold reserves (mOz)EnergyLibyan tensions build: Conflict in Libya has escalated once again, with Khalifa Haftar in the east of the country...

Germany: February Trade Data Shows Economy Is Still Struggling By Carsten Brzeski - Apr 08, 2019

February trade data did not bring any relief to the German economy. But wait, it can only get betterStill struggling. German exports (seasonally and calendar adjusted) dropped by 1.3% month-on-month...

U.S. Jobs Report Provides More Cheer By James Knightley - Apr 07, 2019

After disappointment in February, job creation bounced back nicely in March. With pay set to continue grinding higher consumer fundamentals are in decent shape. Payrolls back on track After a poor...

Key Events In Developed Germany: Head Scratching Continues By Carsten Brzeski - Apr 05, 2019

Things are moving very quickly in the Brexit arena, and at the time of writing, U.K. prime minister Theresa May has written to the EU requesting a Brexit extension until 30 June 2019. Hopefully,...

Germany: Head-Scratching Continues By Carsten Brzeski - Apr 05, 2019

A positive headline number, further weakening manufacturing data. What to make of this morning's German industrial data?German industrial production increased by 0.7% MoM in February, from an upwardly...

FX Daily: Focus On The March Minutes By ING Economic and Financial Analysis - Apr 04, 2019

The highlight of today in FX could be the release of the ECB's March minutes. Here's our major currency pair roundupUSD: S&P 500 just 2% away from the September highsPresident Trump must be very...

Germany: No Green Shoots By Carsten Brzeski - Apr 04, 2019

Awful new-order data suggests that German industry is still suffering from Brexit woes and global uncertaintiesDevastating new orders data just undermined any hopes for an industrial rebound. Instead,...

What To Expect From The March U.S. Jobs Report By James Knightley - Apr 03, 2019

February’s very soft jobs report contributed to markets pricing in Fed rate cuts later this year, but we expect a much better set of figures for March which should help ease market fears about a...

FX: Domestic Demand To Keep USD Supported This Week By ING Economic and Financial Analysis - Apr 02, 2019

Our currency outlook on the first day of the month and it looks as though the US dollar could be supported this weekUSD: Domestic demand to keep USD supported this weekThe new quarter starts with some...

U.S. Retail Sales Continue To Slumber By James Knightley - Apr 02, 2019

US retail sales missed expectations in February. Weather may have played a part, but with household incomes continuing to rise thanks to employment and wage growth gains, we remain upbeat on the...

US: Now Some Good U.S. News By ING Economic and Financial Analysis - Apr 01, 2019

After a torrid run, the US has produced some positive news on growth with the ISM manufacturing bouncing back up from two-year lows and construction spending surging higher at the beginning of 2019By...

Spain: An Optimistic PMI Reading By ING Economic and Financial Analysis - Apr 01, 2019

After the downward revision in fourth quarter GDP, survey indicators show a robust economy in the beginning of 2019By Steven Trypsteen, ING EconomistA Robust EconomyThe PMI for the manufacturing...