Japan: Reaching trade balance on a sustainable basis will take some time

Sep 16, 2015 20:51 pm UTC| Commentary

Japans trade deficit is likely to come in at 444bn in August. This will be an improvement from the 953bn of August 2014. On a seasonally adjusted basis, trade deficit is likely to be 370bn, almost unchanged from July. With...

US residential construction activity expected to rise

Sep 16, 2015 20:27 pm UTC| Commentary

Consistent with the snapback in construction hours worked, the number of new housing units started probably climbed by 2.0% to a seasonally adjusted annual rate of 1.23 million in August - the strongest activity since...

A record M&A deal shows risk is still on

Sep 16, 2015 16:43 pm UTC| Commentary

A record MA deal between two mega-companies is in the works. This deal worth in excess of $75 billion proves that there is an appetite for risk in the market as well as that the recent market volatility is not derailing...

Chile - BCCh preparing for rate hike much sooner than expected

Sep 16, 2015 16:04 pm UTC| Commentary

The Central Bank of Chile (BCCh) kept its policy rate unchanged at 3.00% at its September board meeting but gave a clear hint that a rate lift-off may come sooner than we have been expecting. Given the strong pass-through...

What can we expect from the SNB tomorrow?

Sep 16, 2015 15:26 pm UTC| Commentary Central Banks

The latest macro-economic data are a little bit better than expected in Switzerland. After the contraction in the first quarter, the second quarter in Switzerland turned out to be much better than expected (0.2% QoQ versus...

Canadian manufacturing sales extend gains in July

Sep 16, 2015 15:16 pm 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....

Benign inflation environment reaffirmed

Sep 16, 2015 15:11 pm UTC| Commentary

Consumer prices fell -0.1% (month-over-month) in August, in line with market expectations. Core CPI (excluding food and energy) rose 0.1%, also on par with the consensus view. On a year-over-year basis, overall consumer...