European Economics Quarterly: 'Buy the ticket, take the ride'

Jul 22, 2015 16:51 pm UTC| Commentary

The euro area economy is still on track for a modest recovery in 2015. GDP is expected to grow by 1.4% this year and 1.6% next year, ie, slightly above trend. The re-emergence of the Greek crisis over the past few weeks is...

U.S. Existing Home Sales (June)

Jul 22, 2015 16:27 pm UTC| Commentary

Sales of previously resided in homes in the U.S. beat expectations again. U.S. existing home sales jumped 3.2% in June to 5.49 mln units annualized, although this comes after a downwardly revised May of 5.32 mln units. But...

Brazil IPCA-15: Unsurprising albeit markedly high inflation print

Jul 22, 2015 16:07 pm UTC| Commentary

July IPCA-15 increased 0.59% m/m, coming in slightly below expectations but consistent with an acceleration to 9.25% y/y, from 8.80% in the previous month. Relative to the forecast, there were downside surprises in the...

Mexico retail sales: A modest positive trend continues

Jul 22, 2015 15:45 pm UTC| Commentary

Retail sales grew 0.2% m/m in May pushed mainly by higher apparel and supermarket sales and partially compensated by lower car and domestic equipment sales. In annual terms, retail expanded 4.1% y/y and maintains a...

U.S. existing home sales shine bright in June

Jul 22, 2015 15:24 pm UTC| Commentary

U.S. existing home sales rose by 3.2% m/m to 5.49 million units (annualized) in June. The reading came in above expectations, which called for sales to increase to 5.4 million. Revisions marginally marked down Mays tally...

Q2 US GDP forecast revised higher to 3.0%

Jul 22, 2015 15:15 pm UTC| Commentary

It is believed that, private consumption and residential investment will rebound following the disappointing Q1 outturn to be driven mainly by private consumption and non-energy investment. Expected forecast is 2.7% growth...

Platinum markets ETF's see inflows

Jul 22, 2015 09:44 am UTC| Commentary

The holdings in platinum ETFs have actually risen since the start of the year.The recovery movement enjoyed by platinum and palladium yesterday is also proving short-lived, both prices likewise finding themselves back...