Final Euro services PMI to hover around four-year high despite easing in July

Aug 03, 2015 05:09 am UTC| Commentary

The flash euro area services and composite PMIs, were 53.8 and 53.7 respectively, down slightly from the recorded four-year highs seen in June. This decrease was primarily driven by a weakening in business...

Indonesia likely to post weak GDP growth rate in Q2 15

Aug 03, 2015 05:06 am UTC| Commentary

Indonesias GDP data for Q2 is likely to release on 5th August. The economy, after having recorded the lowest ever growth rate (as per the new data set) of 4.71% yoy during Q1 2015, a mild uptick during Q2 2015 to 4.81% yoy...

Final Euro July manufacturing PMI set to remain strong

Aug 03, 2015 05:05 am UTC| Commentary

The flash euro area manufacturing PMI, fell more than expected from 52.5 in June to 52.2 in July. This indicates that the manufacturing sector expanded at a slightly lower rate than in June, but still showed strong growth...

EU leaders to choose large bailout/haircut for Greece, if IMF unwilling to participate

Aug 03, 2015 05:00 am UTC| Commentary

The question of the IMF participation is another hurdle. Indeed, media reports recently stated that the IMF would only be able to contribute to the third bailout if Greece were granted some form of debt relief. However, a...

High risks of Greece missing the mid-August deadline

Aug 03, 2015 04:52 am UTC| Commentary

According to the EU Commission, Greeces funding needs for August amount to 5bn, of which 3.2bn relate to the ECB debt repayment due on 20 August. In order to have the funds available before the ECB debt is due, the...

US Industrial output likely quickened in July

Aug 03, 2015 04:49 am UTC| Commentary

Powered by an auto-led rebound in manufacturing output, US industrial production probably climbed by 0.5% in July, the largest gain since last November."Buoyed by an anticipated surge in motor vehicle assemblies during the...

US retail sales expected to begin the summer on a high note

Aug 03, 2015 04:45 am UTC| Commentary

US consumers probably opened their wallets with gusto in July. The retail and food services sales jumped by 1.0% last month, erasing the surprisingly weak -0.3% print posted in May.The projected pickup in activity is...