ING Economic and Financial Analysis

German headline inflation drops to its lowest level since April 2018 and undermines the ECB's hope for structurally higher inflation.By Carsten Brzeski, Chief Economist ING Germany According to the...

US 4Q GDP was revised down to 2.2% and 1Q19 growth is likely to be even lower. This will fuel talk of Fed rate cuts, but we still think there are reasons for optimismBy James Knightley, ING Chief...

The US trade balance improved markedly in January to only -$51.1bn after companies cut imports on assumption of 1 January tariff hikes. That said, 'twin deficits' will be a key theme for the dollar...

Your daily roundup of commodity news and ING viewsICE (NYSE:ICE Brent May/June spread continues to strengthen (US$/bbl)EnergyUS crude oil inventories and Russia: Oil was well supported yesterday with...

Hong Kong's exports fell further in February. We think this is partly a Chinese New Year effect and partly a reflection of weak manufacturing due to trade tensions and the downward product cycle of...

Markets now pencilling in a full 25 basis point Fed funds rate cut this year. But in our view, there's limited scope for any imminent move down in US rates. As such, we think the dollar will stabilise...

USD: Mueller’s probe a USD positive as it reduces USD built up the risk premiumAsian equity markets caught up with Friday’s US and European sell-off. FX markets paused for breath...

Strong growth of world trade in the first month of what is probably likely to be a poor yearBy Timme Spakman, ING Economist, International Trade Analysis World trade grew by 2.3% in January 2019 and...

The March decline in the eurozone's PMI indicates the bloc's economic problems are far from over, as February's increase was taken as a sign of things bottoming out.The composite PMI for the eurozone...

You'd think we'd be fed up of Brexit by now, but as another week goes by, there is yet another vote, and we are all over it. UK Prime Minister Theresa May will have another go at pushing her Brexit...

To add to a long list of things considered cornerstones of Economics, which I suspect are well-meaning but misguided, let me propose central bank policies, as rates approach or pass zero. This is of...

EU leaders have granted an extension to the Article 50 negotiating period, piling the pressure on the UK Parliament to agree a way forward on Brexit. The question is: will a majority of British MPs...

Japanese CPI misses inflation target again, by miles. Sterling looking slightly stronger as EU hints at some flexibility on Brexit extension. Bond yields ease higher as stocks surge post FOMC.What's...

Taiwan’s central bank has kept rates on hold. As long as the economy doesn’t contract, monetary policy will likely remain steady. Fiscal stimulus is boosting the economy but may falter if...

The Federal Reserve has taken both rate hikes off the 2019 projections and promised to reduce the pace of quantiative tightening. Here's what that means for FX markets.USD: The Fed Is DoneThe Fed...

No policy change form the Fed, but the dot plot diagram shows FOMC members have gone signalling two possible hikes to no hikes in 2019. Should we be worried?VERY patientAs widely expected the Federal...