Russian capital expenditure fails to recover from losses
Aug 18, 2015 06:33 am UTC| Commentary
Investment in Russia continued to be depressed, driven by pessimistic expectations expressed by enterprises in a series of recent surveys conducted by Rosstat. The gradual decline in business confidence has been...
Japan might take some time reaching trade balance on a sustainable basis
Aug 18, 2015 06:28 am UTC| Commentary
Japans July trade balance is likely to have reached a balance (0). This would mark a significant improvement from the 967bn deficit seen in July 2014. Exports in July are expected to grow by 3.5% yoy, while imports...
UK retail sales likely to perform well in July
Aug 18, 2015 06:26 am UTC| Commentary
UK month on month and year on year retail sales ex auto fuels data for July to be released on 20th August. The underlying state of consumer demand is strong, supported by growth in real disposable income and firm consumer...
CFTC Speculators FX Positioning as 11 August 2015
Aug 18, 2015 06:21 am UTC| Commentary
USD longs climbed a little higher prompted by the as expected but solid US July labor report. However, as the value of the CNY fell further during the middle of last week, speculation of a September Fed policy move was...
Indonesia's manufacturing likely to improve in coming months
Aug 18, 2015 06:18 am UTC| Commentary
Indonesias trade surplus surged to USD1.3bn in July, with weaker exports at -19.2% y/y more than offset by a -28.4% plunge in imports. The lack of government spending (until mid-April) has had significant spillover effects...
UK manufacturing suffering from strong pound
Aug 18, 2015 06:00 am UTC| Commentary
UK manufacturing output for June was languishing at a level only slightly higher than was reached in October last year. This is strange, given the evident momentum of domestic economic activity.This is attributed to a...
UK public finances continuing to improve
Aug 18, 2015 05:51 am UTC| Commentary
The UK budget deficit path has been below that of the previous year for each of the first three months of the current fiscal year which started in April. However, even after three months the trends evident in the data are...