Canadian manufacturing sales extend gains in July

Sep 17, 2015 01:56 am UTC| Commentary

Canadian manufacturing sales kicked off the third quarter on a high note, rising by 1.7% in July. This marks the third consecutive gain in manufacturing activity, with the previous two months having been revised higher....

Russia's private consumption is set to improve, but only for a short time

Sep 16, 2015 23:29 pm UTC| Commentary

The intense depreciation of the ruble in August (weakening nearly 14% against the USD) and early signs that FX was boosting inflation reminded of late 2014 when households spent a remarkable portion of their ruble savings,...

US August CPI printed right in line with expectations

Sep 16, 2015 22:43 pm UTC| Commentary

US August CPI printed right in line with expectations both on the headline and core measures. In the context of much talk that inflation is what could hold back the Fed from hiking tomorrow."Our US strategists point out...

Canada's manufacturing sales beat expectations in July

Sep 16, 2015 22:11 pm UTC| Commentary

Canadas July manufacturing sales beat expectations (1.7%m/m vs. est. 1.1%) and details were firm as well. In volume terms, sales were up a decent 1.1%, and gains were fairly broad with 12/21 industries showing higher sales...

UK labour report was stronger than anticipated

Sep 16, 2015 21:58 pm UTC| Commentary

The UK labour report was stronger than anticipated with the u-rate falling to 5.5% (5.6% expected), employment growth picking up 42k in the last 3 months, and perhaps most importantly, avg. earnings up 2.9% 3m/y, including...

Russia's capital expenditure is falling with no hope of relief

Sep 16, 2015 21:50 pm UTC| Commentary

Although corporate profits in specific export-oriented industries continue to gain from the ruble weakness, it does not provide enough stimulus for expansive investment as volatile commodity markets combine with greater...

BI rate to remain unchanged

Sep 16, 2015 21:43 pm UTC| Commentary

The Bank of Indonesia (BI) is expected to remain on hold during its monetary policy meeting in August, even as the economy braces for its second sub-5% annual growth since the financial crisis hit. With inflation hardening...