Mexico Quarterly Inflation Report: Not ready to hike amid softer growth
Aug 12, 2015 20:42 pm UTC| Commentary
Banxico published its Quarterly Inflation Report for the second quarter. The highlight of the report is the reduction - once again - of its annual growth forecast for 2015 to a range of 1.7-2.5% from 2.0-3.0% previously,...
US federal government posts budget deficit of $149.2bn in July
Aug 12, 2015 20:25 pm UTC| Commentary
The US federal government reported a monthly budget deficit of $149.2bn for July, in line with CBO projections and slightly wider than consensus expectations ($140bn). The monthly deficit widened by about $55bn over the...
China again devalues its currency pummeling global markets
Aug 12, 2015 15:59 pm UTC| Commentary
China apparently believes if one devaluation is good then two might be better. China is mistaken. Markets like stability, transparency, and predictability making China zero for three in its continued unilateral...
Euro area industrial production shrank in Q2, as energy pays back
Aug 12, 2015 15:12 pm UTC| Commentary
Euro area industrial production (IP) declined by 0.4% m/m in June, broadly in line with our below consensus expectations. This is consistent with an annual growth rate of 1.2% y/y, down from 1.6% y/y. May data was revised...
US JOLTS data show openings remained solid in June
Aug 12, 2015 14:44 pm UTC| Commentary
The US Job Openings and Labor Turnover Survey (JOLTS) for June reported that total job openings fell slightly, to 5.249mn, from a downwardly revised 5.357mn in May. The decline was modestly larger than consensus...
Aug 12, 2015 14:38 pm UTC| Commentary
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...
India's CPI moves sharply lower on commodity prices
Aug 12, 2015 14:10 pm UTC| Commentary
Consumer price inflation (CPI) in India fell to an 8-month low, to 3.8% y/y in July, down from the previous months print of 5.4% y/y, reflecting a high base to an extent, but also much lower food inflation on a seasonally...