Domestic tourism will support Florida economy despite international weakness

Aug 26, 2015 21:00 pm UTC| Commentary

This year Florida will achieve a highly symbolic and economically significant milestone. For the first time ever more than 100 millionpeople will visit the Sunshine State; sunbathing on its sandy beaches, riding its...

Euro area recovery broadly on track but outlook weakening

Aug 26, 2015 20:48 pm UTC| Commentary

Since the ECBs June forecasts, GDP growth has broadly developed as expected, rising 0.3% qoq in Q2, while inflation stood at 0.2% in July, affected by renewed weakness in energy prices. Looking ahead, the ECB is likely to...

USD/JPY, Nikkei still under pressure after Monday

Aug 26, 2015 17:34 pm UTC| Commentary

Market interest in Japan has fallen as autumn draws near and as external uncertainty has risen considerably since the PBOCs CNY reforms on 11 August amid heightened prospects for a Fed hike and subsequent market turmoil....

Russian rouble insulating free float

Aug 26, 2015 16:22 pm UTC| Commentary

The Russian rouble hit its year high on 24 August, weakening to 70.89 against the USD and to 82.37 against the EUR as the oil price fell to its lowest level of the year on the same day. The sell-off in commodities...

US Q3 GDP tracking 2.8% after July durable goods orders

Aug 26, 2015 15:22 pm UTC| Commentary

Durable goods orders rose 2.0% m/m in July, well above our (-0.6%) and consensus expectations (-0.4%) for a modest decline. Part of this strength was due to a smaller-than-expected decline in aircraft orders after the...

U.S.economy shines in light of market selloff

Aug 26, 2015 15:18 pm UTC| Commentary

Tuesday was ugly, as the markets head fake - that is, opening strong and then falling into the market close - dismayed investors. So why are consumers so happy? Consumer confidence for August surged to 101.5 astounding...

Rise in U.S. August consumer confidence supports spending outlook

Aug 26, 2015 12:34 pm UTC| Commentary

The rise in the Conference Boards measure of US consumer confidence in August, to 101.5 from 91.0 in July, more than offset last months fall and is consistent with consumption growth remaining healthy in the third quarter....