U.S. home prices decline further in July
Sep 30, 2015 04:32 am UTC| Commentary
U.S. SP/Case-Shiller 20-City Home Price Index fell for the third month running in July. The countrys home prices declined 0.2% m/m, below the consensus (+0.1%) expectations. The y/y rate of appreciation picked up slightly,...
Daily Economic Outlook: 9th September, 2015
Sep 30, 2015 04:16 am UTC| Commentary
Speeches from Fed Chair Yellen and St Louis Fed President Bullard, after the close of markets, will also be scrutinised for indications of timing of a rate rise, with the Chairs most recent comments still pointing to the...
Brazil economy cannot expect policy led support to grow
Sep 30, 2015 03:47 am UTC| Commentary Economy
Structural reform can help Brazil in the longer run, but the possibility of medium-term recovery depends on the potential improvement in the external demand scenario. Following recent inflation releases, 2015 inflation...
BCB likely to go for a 50bp rate cut in 2016
Sep 30, 2015 03:40 am UTC| Commentary Central Banks
There has been no substantial change in the macro economy since earlier this month. However, the sharp deterioration in financial conditions, amid mounting domestic political and legislative concerns and the poor...
US consumer confidence data supports positive outlook for consumption growth
Sep 30, 2015 03:29 am UTC| Commentary
The Conference Boards index of consumer confidence came in well above expectations in September, posting a modest advance on the month. The headline index rose to 103.0 in September, from a revised August reading of...
US Q3 GDP tracking 1.6% after advance August trade data
Sep 30, 2015 03:25 am UTC| Commentary
A sharp widening is shown in the nominal goods deficit in the Census Bureaus August report on international trade in goods. Nominal goods exports are estimated to have declined 3.5% m/m, while imports rose 1.8% m/m....
Asian markets recoil previous sharp losses as risk sentiment rebounds
Sep 30, 2015 02:55 am UTC| Commentary
Asian markets were in much better shape on Wednesday morning than where they closed yesterday, with investors taste for risk sweetening, while the weaker yen supported Japanese stocks despite weak economic data....