Flash June euro area HICP inflation to print at 0.3%

Jul 27, 2015 00:21 am UTC| Commentary

Societe Generale notes:We expect consumer prices to trend upward from 0.2% yoy in June to 0.3% yoy in July. The energy component is likely to provide a muted push led by stable gasoline prices recorded in the month of July...

Stabilising improvements in Euro area monetary and credit dynamics

Jul 26, 2015 23:51 pm UTC| Commentary

Societe Generale notes:Significant improvements have been seen in monetary and credit dynamics since the ECB adopted an accommodating stance back in June (rate cuts, TLTRO, QE). Indeed, M3 money supply growth recovered...

US civilian worker compensation growth probably continued apace during the spring

Jul 26, 2015 23:41 pm UTC| Commentary

The US Employment Cost Index (ECI) for all civilian workers - the Bureau of Labour Statistics broadest measure of worker compensation - likely climbed by 0.7% over the three months ended June, matching the advance recorded...

Australia’s Q2 import price index to rise in June

Jul 26, 2015 23:34 pm UTC| Commentary

Import goods prices are expected to rise in the June quarter, led higher by a rebound in energy costs. The import price index is forecast to rise by 2.7% in the quarter. That would see the index 2.6% higher than a year...

Forward guidance will be in the spotlight at the upcoming FOMC meeting

Jul 26, 2015 23:06 pm UTC| Commentary

RBC Capital Markets notes:Forward guidance (or lack thereof) will be in the spotlight at the upcoming FOMC meeting (no press conference). At Yellens congressional testimony she did not rule out a September hike, nor did...

Euro area HICP inflation to rebound back in July

Jul 26, 2015 22:50 pm UTC| Commentary

We forecast HICP to rebound back to 0.3% y/y in July although the drop in fuel prices most recently means that the risk around this forecast is slightly to the downside (cons 0.2%). Nevertheless, the ECB should be able to...

Preliminary estimate of UK Q2 GDP to show growth accelerating after a relatively subdued Q1

Jul 26, 2015 22:47 pm UTC| Commentary

The preliminary estimate of Q2 GDP is expected to show growth accelerating after a relatively subdued Q1. RBCs forecast is for expansion of 0.6% q/q but the BoE (and consensus) looks for 0.7% q/q. The industrial production...