Expect further labor market tightening in US

Sep 27, 2015 20:32 pm UTC| Commentary

This week, as every first week of the month, market attention will be focused on the non-farm payroll report on Friday. An increase of 200k is expected in the headline number (190k for the private payroll), a steady...

UK manufacturing PMI to confirm slowing growth

Sep 27, 2015 20:19 pm UTC| Commentary

Thursdays manufacturing PMI is likely to show a further decline in September to 51.0 (consensus: 51.3; last: 51.5), confirming the broader moderation in UK economic activity. While the consensus expect final Q2 GDP is to...

Crisis Alpha Series

August turned out to offer anything but the summer doldrums

Sep 27, 2015 12:35 pm UTC| Commentary

Investors went into the month content that the Greek crisis was now, at least somewhat, averted and the Chinese stock market had finally had its long-dreaded bloodletting. OnAugust 11, however, the Peoples Bank of China...

3 main factors causing the emerging market crisis

Sep 26, 2015 08:02 am UTC| Commentary

There are reasons to be more worried by the current EM crisis than what we saw in 2013 and 2014, when emerging markets were also causing market jitters. Emerging markets are currently hit by a cocktail of mainly three...

Chinese rebalancing feels like a hard landing for the world

Sep 26, 2015 07:56 am UTC| Commentary

There is a lot of focus on the risk of a Chinese hard landing at the moment and whether China can avoid such a scenario. While China may not experience a hard landing in terms of the overall growth rate collapsing, Chinas...

Regional divergences continue in Canada

Sep 26, 2015 07:42 am UTC| Commentary Economy

The Canadian dollar slipped below 75 US cents for the first time in 11 years this week. Since the freefall began in mid-2014 alongside the plunge in oil prices, the loonie is now down by nearly 20%. The weakness this week...

Yellen sets the record straight

Sep 26, 2015 07:37 am UTC| Commentary Central Banks

The Fed took a pass on raising rates last week, citing concern that recent global and financial developments would restrain activity and put further downward pressure on inflation. At the same time, its updated projections...