Asian markets gain with Japan ahead after GDP beats forecasts
Aug 17, 2015 03:53 am UTC| Commentary
Stocks in Asia were trading broadly higher on Monday after Wall Street closed with gains in the previous trading session and Chinese authorities left the Yuan reference rate little changed on Monday. Data out of Japan...
IMF involvement will require a large debt re-structuring for Greece
Aug 17, 2015 03:45 am UTC| Commentary
The Eurogroup confirmed that the IMF has not yet committed to any funding and will take its decision in October, once Greeces pension reform is specified. Hence, should the IMF not be involved, the ESM would have to...
Mexico's retail sales growing at an impressive pace despite rise in unemployment rate
Aug 17, 2015 02:02 am UTC| Commentary
Despite the growth weakness in H1 and the visible effect of the slowdown in the labour market, retail sales on average have continued to trend up this year - in part due to the low base effect in H1 2014 and partly due to...
Brazil's labour market deterioration continues as unemployment rate to hit 7%
Aug 17, 2015 01:16 am UTC| Commentary
The non-seasonally adjusted data shows the unemployment rate falling to 4.3% in December 2014 and rising to 6.9% through June 2015. A one-tick rise is expected in the non-adjusted unemployment rate to 7.0% in July as...
Japan reaching trade balance on a sustainable basis will take some time
Aug 17, 2015 00:50 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. As oil prices have fallen rapidly, the terms of trade are improving,...
UK CPI inflation to remain at precisely zero
Aug 17, 2015 00:37 am UTC| Commentary
The outlook for UK inflation remains muted. Energy prices have fallen again and the continuing appreciation of the pound is restraining the prices of imported goods. The latter is a powerful but ultimately temporary effect...
US consumer prices likely decelerated further in July
Aug 16, 2015 23:59 pm UTC| Commentary
Capped by projected slowdowns in retail energy costs, the US Consumer Price Index (CPI) probably climbed by 0.2% in July - the smallest increase since April. Reflecting markedly smaller hikes in seasonally adjusted...