Renminbi impact on Germany low, but not Chinese cyclical risks
Aug 16, 2015 23:49 pm UTC| Commentary
For the average German a sack of rice falling over in China has long been none of his business. In the meantime, however, the importance of events in China for the German economy has come to be recognised. Chinas...
Aug 16, 2015 23:36 pm UTC| Commentary
July is usually the second highest month for receipts during the financial year, with many firms paying the first of four corporation tax payments on their profits, and the second payment on account for self-assessment...
Fed's September rate hike still on the cards
Aug 16, 2015 23:11 pm UTC| Commentary Central Banks
The impact of China and of the weaker oil price complicates monetary policy decisions in both the UK and the US. After its August meeting the Bank of England intimated that a hike in policy rates is now unlikely this year,...
China's outlook concerns rattle global markets
Aug 16, 2015 22:57 pm UTC| Commentary
Concerns about the outlook for China have dominated markets in the past week and are likely to remain front of mind in the coming week. The depreciation of recent days may reflect an attempt to open up the financial sector...
Why did China change its policy?
Aug 16, 2015 22:39 pm UTC| Commentary
The release Friday of the IMFs Article IV consultation on China offered some further insight on Tuesdays announcement. The report contained the usual call for greater exchange rate flexibility and noted that Steps over the...
UK: July CPI is the key data release this week
Aug 16, 2015 22:20 pm UTC| Commentary
July CPI is the key data release (Tues) in UK, with the secondary focus on retail sales (Thurs). For CPI, a slightly below consensus dip is expected in the headline figure to -0.4%m/m, - 0.1%y/y (cons: -0.3%, 0.0%), with...
Chinese Yuan poses upside risk for USDJPY; Q2 GDP in focus
Aug 16, 2015 21:54 pm UTC| Commentary
The combination of a slower Chinese growth and cheaper CNY (and other Asian currencies which combined with China carry a 49% weight in JPY REER) should put upward pressure on the yen to depreciate against USD, even if the...