“There are reports of solid underlying demand for 30-year bonds from pension funds and insurance companies.”
Brian Bethune
“It shows there is still solid underlying demand for housing and that activity this year, while slowing, is not going to collapse.”
Michael Moran
“The figures continue the recent run of reports suggesting that underlying inflationary pressures remain muted. They suggest the bank does have room to cut rates if growth disappoints going forward.”
Nick Kounis
“The manufacturing sector's acute underlying weaknesses highlight the need for further interest rate cuts later in the year. We do not necessarily call for, or expect, a further interest rate cut on Thursday. But the economy has clearly weakened and confidence is faltering. The MPC must be ready to act firmly to counter the downward pressures on the economy and to alleviate the plight of manufacturing.”
David Kern
“I would think his election increases the likelihood of a pension bill this year.”
Doug Elliott
“Yet, with the underlying sentiment toward the dollar being shaky at the moment, the trade report could shift market attention to deficit problems in the US and spark some dollar selling.”
Yasuhisa Ishida
“The details of the report suggest many of these drags on growth were one-off factors and that the underlying trend in 2006 remains strong.”
Charmaine Buskas
