IMF participation in Greek aid package more than a political question
Aug 18, 2015 07:18 am UTC| Commentary
The negotiations about the bailout package for Greece have reached their final stage - at least that is what the German government suggests. The FX markets are certain that the Bundestag will not withhold its agreement...
Brazil labour market deterioration continues as unemployment rate to hit 7%
Aug 18, 2015 07:15 am UTC| Commentary
While non-seasonally adjusted data shows Brazil unemployment rate falling to 4.3% in December 2014 and rising to 6.9% through June 2015, seasonally-adjusted series suggests the unemployment rate actually bottomed at 4.5%...
Brazil inflation acceleration continues in Q3
Aug 18, 2015 07:13 am UTC| Commentary
While Brazil mom prices rose 0.62% in July, less than the 0.79% mom in June, annual inflation jumped to 9.56% yoy from 8.89% yoy in June. The acceleration was quite broad-based with the mom rate of price change exceeding...
Russian labour market remains soft, while wages continue to recovery
Aug 18, 2015 07:11 am UTC| Commentary
The specifics of Russian local labour market are still intact. Improvements were seen in the unemployment rate as local enterprises prefer to limit wage bill expansion through cutting working hours, but keeping workers on...
Russian consumption still depressed, but a moderate recovery is looming
Aug 18, 2015 07:07 am UTC| Commentary Economy
Russias consumer demand recovered at a very slow speed which is being reflected in the very weak recovery in retail sales. On a seasonally adjusted basis, retail sales in monthly terms have seen some gains, but are still...
Greece haunting EUR; GBP ahead of CPI
Aug 18, 2015 07:06 am UTC| Commentary
Greece is back to haunt the EUR. Ahead of the vote in the Bundestag on the third Greek bailout market concerns have increased that the Chancellor would struggle to get sufficient support from its own CDU party given...
US NAHB Index shows positive sign
Aug 18, 2015 06:53 am UTC| Commentary
US NAHB Housing Market Index data released yeasterday recorded another cycle high, whereas empire manufacturing survey posted a very weak result. The Aug empire survey was all around disappointing with a big miss on the...