China's commodity trade: The winds of change
Sep 02, 2015 17:03 pm UTC| Commentary
Recent volatility in commodities caused by Chinas stock market declines is a timely reminder of the countrys importance in global commodity markets. Away from the short-term noise, a major structural shift toward a less...
US August jobs report expected to tilt odds in favor of a September hike
Sep 02, 2015 16:53 pm UTC| Commentary
The Bureau of Labor Statistics (BLS) update on the employment situation in August will provide a final update on hiring activity ahead of the Federal Open Market Committee (FOMC) meeting on September 16-17. analysis...

Poland holding policy rate at 1.5%
Sep 02, 2015 16:27 pm UTC| Commentary
The National Bank of Poland (NBP) kept its policy rate on hold at 1.5%, as expected. The NBP appears quite comfortable with keeping its policy rate unchanged during 2015. This is significant because during January and...

US auto sales - who needs holidays?
Sep 02, 2015 16:08 pm UTC| Commentary Economy
The August LV selling rate (SAAR) came in at 17.72MM (+1.6% YOY) vs consensus of 17.3MM and well above the 6-mth run rate of 16.99MM. Abs sales were only down 60 bps y/y, a strong performance considering the August 2014...
Brazil industrial production: The worst is not yet behind
Sep 02, 2015 15:34 pm UTC| Commentary
July industrial production strongly surprised on the downside, contracting 1.5% m/m sa and consistent with a y/y print of 8.9%, coming from a downwardly revised 0.9% fall in June (previous: -0.3%). Year-to-date, industrial...

US rate outlook: The Fed's balancing act
Sep 02, 2015 15:17 pm UTC| Commentary
The developments in August are not likely to have boosted the Feds confidence in the inflation outlook. The slowdown of the Chinese economy, the devaluation of the yuan against the US dollar, and the worldwide decline in...
US Q3 GDP tracking 2.3% after July factory orders
Sep 02, 2015 15:12 pm UTC| Commentary
Total factory orders grew 0.4% m/m in July, a bit less than we (0.6%) and the consensus (0.9%) had expected, as shipments of nondurable goods fell more than forecast. Durable goods orders are now reported to have grown...