Euro area GDP is expected to grow by 0.4% in Q2
Aug 09, 2015 22:39 pm UTC| Commentary
Despite continued anxiety surrounding Greece, 2015 has been a positive year for the Euro Area in aggregate. This has in large part been due to the liquidity and confidence effects of the ECBs well-telegraphed, long-term...
US retail sales likely to rebound in July
Aug 09, 2015 22:23 pm UTC| Commentary
US retail sales disappointed in June, falling 0.3%. This result was partly attributable to weaker auto sales; however, core retail sales (ex autos and gas) still fell 0.2% in the month. In annual growth terms, momentum has...
Canada's manufacturing sales report on Friday
Aug 09, 2015 21:58 pm UTC| Commentary
The manufacturing sales report on Friday is the only top tier release in Canada this week. On the monetary policy front, all will be quiet for a couple more weeks (next scheduled BoC speech is on Aug 25)."For June...
FOMC Meeting: The decision is taken
Aug 09, 2015 21:46 pm UTC| Commentary
With only one more employment report to go, it seems plausible that the FOMC has already decided what to do in its next meeting. Although wage pressures remain soft, the job market has probably improved enough to justify...
NJA: Asia FX to find little cheer from macro data
Aug 09, 2015 21:09 pm UTC| Commentary
Chinas real activity data (Wednesday) will be closely watched given its broad-reaching effect on EM growth and commodity prices. Chinas IP is expected to slip to 6.4% y/y (consensus: 6.6%; last: 6.8%) following the weak...
AUD’s slide likely to extend on soft China activity and Australia wage data
Aug 09, 2015 20:55 pm UTC| Commentary
Any AUD strength is expected to be capped, as Chinas real activity data are expected to moderate and Australias wage price index is likely to remain weak in Q2 (Wednesday; consensus: 0.6%). Business surveys are showing...
Japan: No reinforcement for the “Kuroda’s line”
Aug 09, 2015 20:45 pm UTC| Commentary
BoJ Governor Kuroda last week did not reinforce the "Kuroda line" - the level when the governor commented that further JPY REER depreciation is unlikely on June 10. Comments at the press conference were neutral, with...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned