Jul 01, 2015 06:22 am UTC| Commentary
It seems very likely that the Greece referendum will go ahead on Sunday, 5 July.It would remove the apparent paradox that the Greek population supports the Syriza governments negotiation strategy while at the same time...
Brazil's upside risk to inflation, implies risks to peak Selic rate
Jul 01, 2015 06:14 am UTC| Commentary
In Brazil, despite the possibility of the base effect leading to inflation moderation in 2016 (our current forecast is 6.3%), structurally higher prices would be difficult to tame in such a short time span particularly...
Brazil's escalating upside risk to the near- and medium-term inflation outlook
Jul 01, 2015 06:07 am UTC| Commentary
Brazils inflation acceleration continued in Q2 despite the likelihood that adjustments to the prices of regulated goods and services are nearly over. The bulk of the upside surprise in May and June was driven by a...
UK all three PMIs expected to rise
Jul 01, 2015 06:07 am UTC| Commentary
The set of UK PMIs is very much a mixed bag.The most straightforward is the manufacturing survey which shows a clear cooling of growth since last summer, corroborated by the official data."We expect little movement in this...
Final manufacturing PMI indicates euro area Q2 growth likely at 0.4% QoQ
Jul 01, 2015 06:01 am UTC| Commentary
The flash euro area manufacturing PMI, released last week, increased from 52.2 in May to 52.5 in June, as expected. This indicates that the manufacturing sector expanded at its fastest rate since April last year - taking...
Australia's trade balance to bounce back from blow-out deficit
Jul 01, 2015 05:59 am UTC| Commentary
The drastic AUD 2.7bn deterioration in Australias trade balance in April was driven by a slump in export values as well as a surge in imports. Both are expected to have reversed in May.On the import side we already have...
US manufacturing ISM to post second consecutive increase
Jul 01, 2015 05:31 am UTC| Commentary
US factory activity appears to have stabilized after slowing sharply at the start of the year. The manufacturing ISM reached a low point in March/April and began to reverse the earlier weakness in May.Three factors held...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned