Developed markets drive record global car sales in 2015
Aug 16, 2015 07:08 am UTC| Commentary Economy
Global car sales advanced a slower-than-expected 2% in the first half of 2015, but remain on target to climb to the sixth consecutive annual record. Purchases are being supported by strengthening job creation in developed...
China stuns markets, but Fed focused on U.S. fundamentals
Aug 16, 2015 07:01 am UTC| Commentary Economy
After holding the Renminbi-USD exchange rate relatively steady for the past few years, China announced on Tuesday that it had lowered the midpoint of the daily trading range (fix) of the RMB relative to the USD by 1.9%....
Low oil bad for earnings, good for consumers and automakers
Aug 14, 2015 16:07 pm UTC| Commentary
Equity markets follow the earnings of the underlying companies. So it is no mystery why equity markets have essentially been flat for the year. First quarter earnings growth was only 1 percent and second quarter is leaning...
University of Michigan consumer sentiment nearly unchanged in early August
Aug 14, 2015 16:00 pm UTC| Commentary
The University of Michigan index of consumer sentiment fell slightly to 92.9 in the preliminary August estimate, from 93.1 in the final July print. The current conditions index was nearly unchanged from July (107.1,...
Canadian existing home sales (July)
Aug 14, 2015 15:52 pm UTC| Commentary
Canadian home sales dipped for a second straight month in July, down 0.4% on a seasonally-adjusted basis, leaving sales up a modest 3.4% y/y-but that is still well above the 10-year average. New listings inched up in the...
US industrial production rises in July on shortened auto retooling
Aug 14, 2015 15:23 pm UTC| Commentary
Industrial production rose 0.6% m/m in July, a bit above forecast (0.4%) and consensus expectations (0.3%) as a surge in motor vehicle production and downward revisions to June data boosted the headline reading.June IP was...
Canadian Manufacturing Sales (June 2015)
Aug 14, 2015 15:07 pm UTC| Commentary
Canadian manufacturing sales increased 1.2% in June, well below market consensus which had called for a 2.7% gain. Despite the improvement in June, the current level of sales remains 5% below the post-recession peak of...