US JOLTS data point to robust labor demand in July

Sep 10, 2015 04:22 am UTC| Commentary

The US Job Openings and Labor Turnover Survey (JOLTS) reported total job openings surged to 5.753mn in July, up from the revised June level of 5.323mn. The 430k increase, which was led by better labor demand in the service...

Mexico's 2016 budget considers liberalizing gasoline prices in 2016

Sep 10, 2015 04:16 am UTC| Commentary

Mexicos expenditure cut in budget proposal for 2016 is relatively small but centered on investment. The proposal considers a 20% reduction in oil revenues, partially compensated by a 20% increase in tax revenues (15%...

Daily Economic Outlook: 10th September 2015

Sep 10, 2015 04:13 am UTC| Commentary

Todays domestic focus will be provided by the announcement at noon of the UKMPCs monetary policy decision. With the MPC universally expected to leave rates unchanged, the simultaneous publication of the meeting minutes and...

Lower deficit suggests stabilization of Mexico's debt ratios

Sep 10, 2015 04:13 am UTC| Commentary

Yesterday, the Ministry of Finance submitted Mexico budget proposal for 2016. The government proposes reducing the fiscal deficit to 3.0% of GDP from the planned 3.5% in the previous year. It considers an expenditure...

Asian equities trades in red, previous rally collapsed

Sep 10, 2015 04:09 am UTC| Commentary

Sharp gains in Asian equities on Wednesday were soon reversed a day later, with Asian bourses swimming in a sea of red after Wall Street closed down heavily overnight and commodity prices fell. All three of the main US...

Indonesia unveils the first of 3 stimulus packages

Sep 10, 2015 02:18 am UTC| Commentary

This is the first stimulus package to be unveiled and a second will be announced in October. The main focus is to spur new businesses. Cutting red tape is the priority and the government will simplify a long list of 89...

UK inflation expectations to soften

Sep 10, 2015 00:41 am UTC| Commentary

The Bank of Englands quarterly survey of inflation expectations asks householders for their expectations at the 1, 2 and 5 year horizons. The Banks belief is that the 5-year expectation is a good measure of the credibility...