US retailers had a solid month in July

Aug 13, 2015 23:38 pm UTC| Commentary

U.S. retailers had a solid month in July, and June wasnt so bad either, with the benefit of hindsight and revisions. Total sales grew 0.6% in July, and Junes decline was erased to show a flat reading. So now, we can say...

Taiwan: A headline rate cut could do more harm than good

Aug 13, 2015 23:17 pm UTC| Commentary

Taiwans central bank reportedly lowered the overnight (O/N) guidance rate for a third consecutive day by another 0.2bp to 0.382% for a total of 0.6bp. This is after a long period of stability dating back to August 2012....

US import prices fall 0.9% in July

Aug 13, 2015 22:54 pm UTC| Commentary

The fall in US import prices accelerated modestly in July, after falling 0.1% in June. Total import prices were down 0.9% m/m, above consensus expectations (-1.2%). Petroleum and petroleum product prices fell 5.9% m/m, as...

Swedish CPI data were much stronger than expected

Aug 13, 2015 21:51 pm UTC| Commentary

Swedish CPI data were much stronger than expected. The headline CPI came in at 0.0% m/m, -0.1% y/y (cons: -0.3%, -0.4% respectively), while underlying inflation - the more important number here - jumped 0.3ppts to 0.9%...

India’s low July inflation print to prove ephemeral

Aug 13, 2015 21:42 pm UTC| Commentary

Indias headline CPI for July printed at 3.8% yoy, much lower than the market expectation of 4.4%. The sharp drop in inflation was due to food inflation (which has a weight of 45.86% in CPI) coming in at a mere 2.89% yoy....

CNY depreciation: A structural shift for Asia FX

Aug 13, 2015 21:23 pm UTC| Commentary

The Peoples Bank of China (PBoC) has surprised markets for a third day with a weaker fixing at 6.4010, weaker than yesterdays spot close of 6.4083 and divergent with the overnight G7 spot action that pointed to a weaker...

US retail sales improvements affirm strength of consumer

Aug 13, 2015 21:07 pm UTC| Commentary

US retail sales rose a solid 0.6 percent in July to the highest monthly level ever - $446.5 billion. May and June were also revised upward, affirming the strength of the consumer, and if the Fed is looking for a reason to...