Euro area industrial output to fall following German slump
Oct 12, 2015 00:23 am UTC| Commentary
Following the published drops in IP for Germany, Spain and the Netherlands, along with several others, industrial output in the euro area as a whole is expected to have weakened slightly in August with the models...
US consumer prices likely ran out of energy last month
Oct 11, 2015 23:57 pm UTC| Commentary
Triggered by a gasoline-led drop in retail energy quotes, the Consumer Price Index (CPI) probably edged 0.2% lower in September, following a 0.1% downtick in the prior month. Pump prices likely tumbled by 8.7% after...
US retail sales momentum still limited
Oct 11, 2015 23:37 pm UTC| Commentary
US retail sales have shown only modest momentum in recent months; weak petrol prices remain a significant negative for this nominal sales measure. Highlighting the impact of petrol prices, headline retail sales are up 2.2%...
Australia's unemployment rate to hold at 6.2%
Oct 11, 2015 23:25 pm UTC| Commentary
In August, the participation rate fell 0.1ppts to 65.0% and the unemployment rate eased back to 6.2% (6.22% unrounded). So, while the resilience in the participation rate suggests changes to government policy are a factor,...
New Zealand Q3 consumer price index to increase in September
Oct 11, 2015 23:00 pm UTC| Commentary
An increase of just 0.1% is expected in the September quarter CPI. This would take annual inflation down to a new low of 0.2%, which mark the ultimate low point for this cycle. Government charges will have a significant...
Brazil's relief rally likely short-lived
Oct 11, 2015 22:17 pm UTC| Commentary
Brazilian assets had a relief rally in the past few weeks as weak US employment report and dovish FOMC minutes pushed back expectations of a Fed hike rate well into H1 16, combined with the positive reaction to the...
MXN: Constructive rates market
Oct 11, 2015 21:59 pm UTC| Commentary
MXN is expected to remain on the sidelines as the recent risk rally is likely to continue this week, with downside risks for the peso if US data come better than expected. The rates market has shown resilience to recent...