Speculative financial investors withdraw from Brent

Jul 28, 2015 09:14 am UTC| Commentary

Oil prices fell yesterday for the fourth consecutive day and still find themselves under selling pressure. Brent is falling to a 6-month low of $52.3 per barrel this morning, while WTI is priced at less than $47 per...

UK economy Speeds up to 0.7%, driven by Oil, Services

Jul 28, 2015 08:47 am UTC| Commentary

UK economy sped up to 0.7% in the second quarter, up from 0.4% a quarter before, and in line with expectations. Year-on-year growth came in at 2.6%, slightly less than estimated, the first GDP estimate published by the...

Flash June euro area HICP inflation to print at 0.3% yoy

Jul 28, 2015 08:21 am UTC| Commentary

Euro areas consumer prices posted 0.2% yoy growth in June expected to increase in July. Societe Generale estimates the economy likely to experience 0.3% growth in consumer prices.The energy component is likely to provide a...

UK inflation to be above 1% next year

Jul 28, 2015 08:08 am UTC| Commentary

UK GDP data for Q2 is scheduled to release today. The eoconomy is expected to post better growth rate in Q2, but it disappointed in Q1 with 0.3% q/q growth. Barclays estimates the economy likely to post 0.5-0.6% q/q for...

Spain's strong GDP growth may reduce fiscal imbalance

Jul 28, 2015 07:49 am UTC| Commentary

Spains economy posted 0.9% q/q growth in Q1, is expected to accelerate further in Q2.Barclays estimates, in 2015 the cyclically adjusted fiscal balance will be slightly accommodative. The bank sees some downside risk to...

Spain's strong GDP growth may reduce fiscal imbalance

Jul 28, 2015 07:49 am UTC| Commentary

Spains economy posted 0.9% q/q growth in Q1, is expected to accelerate further in Q2.Barclays estimates, in 2015 the cyclically adjusted fiscal balance will be slightly accommodative. The bank sees some downside risk to...

Latam FX under severe pressure

Jul 28, 2015 07:37 am UTC| Commentary

EM currencies have been under severe pressure in recent days. The JP Morgan Emerging Markets FX index has dropped to a new record low of 71.88 as EM currencies accelerate their decline.Tumbling commodity prices amid global...