U.K. August labour report gives mixed messages

Oct 15, 2015 03:51 am UTC| Commentary

U.K. headline ILO unemployment rate dropped to 5.4% in August, whereas total unemployment fell by 79k from July. Unemployment in nearly all age groups was lower; the younger category (ages 16-24), reported its biggest...

ECB's asset purchases beyond EUR 60 bn a month, a possibility

Oct 15, 2015 03:34 am UTC| Commentary

The ECB will have to support the recovery for a long time and forecast that the main refi rate will remain unchanged at 0.05% over the forecast horizon and the deposit rate will stay unchanged at -0.20%."Regarding asset...

Brazil's economy likely to contract by more

Oct 15, 2015 03:18 am UTC| Commentary

All else being equal, Brazils August retail sales number cuts the 2015 consumption and growth forecasts by 0.3pp and 0.2pp respectively to -2.9% and -2.7%.Labour market deterioration is still in its early stages and is...

High greenback weighs on manufacturing and tourism

Oct 15, 2015 03:14 am UTC| Commentary

The most recent Beige Book, for the survey period between mid-August and early-October, indicates that economic activity increased at a modest (half of Districts) or moderate (quarter of Districts) pace in most of the...

Brazil Q3 consumption could be nearly 45% worse than estimated

Oct 15, 2015 03:14 am UTC| Commentary

At -6.9% yoy (-0.9% mom), Brazils August retail sales were much weaker than expected and the worst since early 2003. All of the major sales segments fell sharply, with the exception of medical care and cosmetics, as...

Australian inflation expectations remain well below their long run average

Oct 15, 2015 03:07 am UTC| Commentary

The Melbourne Institute (MI) Inflationary Expectations are reported as a 30% symmetric trimmed mean utilising all responses except for the dont know responses. Compared to the previous old trimmed mean, this adds 2ppt to...

Kiwi holds at 4-month high against USD on positive fundamentals

Oct 15, 2015 03:06 am UTC| Commentary

A recent strong run in the New Zealand dollar continued on Thursday, as fundamentals looked increasingly brighter for the New Zealand economy.The NZD/USD pair traded up 0.66% at $0.6829 on Thursday afternoon in Wellington,...