US import prices fall 0.9% in July
Aug 13, 2015 22:54 pm UTC| Commentary
The fall in US import prices accelerated modestly in July, after falling 0.1% in June. Total import prices were down 0.9% m/m, above consensus expectations (-1.2%). Petroleum and petroleum product prices fell 5.9% m/m, as...
Swedish CPI data were much stronger than expected
Aug 13, 2015 21:51 pm UTC| Commentary
Swedish CPI data were much stronger than expected. The headline CPI came in at 0.0% m/m, -0.1% y/y (cons: -0.3%, -0.4% respectively), while underlying inflation - the more important number here - jumped 0.3ppts to 0.9%...
India’s low July inflation print to prove ephemeral
Aug 13, 2015 21:42 pm UTC| Commentary
Indias headline CPI for July printed at 3.8% yoy, much lower than the market expectation of 4.4%. The sharp drop in inflation was due to food inflation (which has a weight of 45.86% in CPI) coming in at a mere 2.89% yoy....
CNY depreciation: A structural shift for Asia FX
Aug 13, 2015 21:23 pm UTC| Commentary
The Peoples Bank of China (PBoC) has surprised markets for a third day with a weaker fixing at 6.4010, weaker than yesterdays spot close of 6.4083 and divergent with the overnight G7 spot action that pointed to a weaker...
US retail sales improvements affirm strength of consumer
Aug 13, 2015 21:07 pm UTC| Commentary
US retail sales rose a solid 0.6 percent in July to the highest monthly level ever - $446.5 billion. May and June were also revised upward, affirming the strength of the consumer, and if the Fed is looking for a reason to...
US retail sales rose 0.6% m/m in July
Aug 13, 2015 20:49 pm UTC| Commentary
US retail sales rose 0.6% m/m in July, on par with the median consensus forecast of surveyed economists. Revisions to the month prior brought Junes initial decline of -0.6% m/m up to a flat reading to two decimal points...
ECB's July minutes reveal cautious optimism
Aug 13, 2015 16:35 pm UTC| Commentary Central Banks
The account of the monetary policy meeting of 15-16 July suggests that the members viewed the ECBs policy measures to be on track, having contributed to improving confidence and growth, to a reduction in economic slack and...