Autumn Statement to confirm significant fiscal tightening in UK

Nov 22, 2015 21:40 pm UTC| Commentary Economy

Wednesdays Autumn Statement and associated Office for Budget Responsibility forecasts will be a key focus for UK investors this week. For FX markets, interest will centre on any revisions to the path of forecast fiscal...

Federal economic and fiscal update for Canada

Nov 20, 2015 17:53 pm UTC| Commentary Economy

Federal Finance Minister Bill Morneau provided an update this morning of the governments view on the economic and fiscal outlook for Canada. Real output growth is expected to come in at 1.2% this year, and 2.0% next, a...

Russia's industrial production a bit slower, but no longer a soft spot

Nov 20, 2015 15:59 pm UTC| Commentary Economy

In October, Russian industrial production did not deteriorate that much in annual terms ( 3.6% yoy versus -3.7% yoy in September), but, taking seasonal and calendar effects into account it continued to contract (-0.1% mom...

Canadian retail sales fall in September for the first time in four months

Nov 20, 2015 15:16 pm UTC| Commentary Economy

Canadian retail sales fell 0.5% (m/m) in September after rising for four consecutive months. Todays reading came in well below the median consensus forecast of a 0.1% increase. Much of the weakness was due to lower prices...

Another modest month for Canadian inflation

Nov 20, 2015 15:12 pm UTC| Commentary Economy

Canadian inflation was up 1.0% year-on-year in October, a repeat of the growth seen in September. Core inflation, which excludes the eight most volatile components, rose 2.1% y/y for a third consecutive month. Price...

Japan sliding into recession mode, 2% inflation target still a major concern for BoJ

Nov 20, 2015 09:33 am UTC| Insights & Views Economy

The GDP data (-0.2%) for Q3 illustrated that Japan is in recession. However, while the inflation rate remains at 0 because of which the BoJ cannot breathe a sigh of relief. Unchanged unemployment claims were stubborn...

Philippines back to 6% growth

Nov 20, 2015 01:49 am UTC| Commentary Economy

Last weeks policy meeting reemphasised that Bangko Sentral ng Pilipinas is unlikely to loosen its monetary policy stance anytime soon. While CPI inflation is set to miss the official target this year, GDP growth momentum...