USD stays firm offshore as Chinese stocks slide weighs on EM sentiment
Aug 18, 2015 22:39 pm UTC| Commentary
US Housing data solid lifts UST yields and supports US Dollar Bears back to watching CNY fix and China stocks in Asia China stocks SHCOMP slide...
U.S. stocks dip after 6 percent tumble in Chinese stocks overnight
Aug 18, 2015 21:41 pm UTC| Commentary
The Shanghai Composite Index closed down 6.1 percent at 3,749.12 points in its biggest daily decline since July 27, after recovering for three days. The CSI300 index of the largest listed companies in Shanghai and Shenzhen...
Emerging markets, currency and commodity woes
Aug 18, 2015 17:03 pm UTC| Commentary
Developed countries are practically an oasis in the desert of the global economy. Emerging market currencies are plunging, especially Asian currencies such as the Malaysia ringgit, Indonesia rupiah, Thai baht and South...
Developed markets on cruise control
Aug 18, 2015 16:22 pm UTC| Commentary
Developed markets have demonstrated awe-inspiring resilience in the face of struggles in China, Brazil, Puerto Rico and Greece. The U.S. economy and markets continue to march forward at a measured pace. The housing sector...
U.S. fundamentals expand as china takes it on the chin
Aug 18, 2015 16:13 pm UTC| Commentary Economy
U.S. housing starts expanded to the highest level in nearly 8 years to 1.21 million annualized units with positive revisions in June. This is on top of last weeks strong retail sales as well as employment numbers. The...
UK Inflation likely to remain very low in coming months despite increase in July
Aug 18, 2015 15:58 pm UTC| Commentary
UK CPI inflation increased to 0.1% y/y in July, from 0.0% y/y in June (0.1% y/y, consensus 0.0%). The small increase in CPI inflation was due mainly to the timing of summer sales last year, as prices fell in July instead...
U.S. housing starts and building permits (July)
Aug 18, 2015 15:07 pm UTC| Commentary
U.S. housing starts rose 0.2% in July, the second increase in a row but below expected, to 1,206,000 units annualized, still the highest since October 2007. (There were upward revisions to the prior two months, especially...