Canadian household debt ratio dips, but unlikely to change BoC's view
Jun 12, 2015 15:29 pm UTC| Commentary
Canadian household debt ratios fell 0.3 ppts to 163.3% in the first quarter of 2015, from the prior quarters record level. The ratio fell in Q1 for the sixth consecutive year, but the average drop in the prior five years...
Eurozone equities to continue to deliver a strong performance
Jun 12, 2015 14:52 pm UTC| Commentary
Despite the bond sell-off in late April and now a new wave of correction with the 10-year Bund yield almost touching 1.0% this week, dragging equity markets down in its wake, Societe Generale maintains a positive long-term...
Personal consumption PPI suggests a moderation in downward pressures for US CPI
Jun 12, 2015 14:26 pm UTC| Commentary
Producer prices rose 0.5% m/m in May, stronger than consensus (0.4%) forecasts. The rise in headline PPI was driven by a 5.9% m/m increase in energy prices. Core PPI (ex-food and energy) rose a more modest 0.1% m/m...
Russia CBR to continue cutting, but at a slower pace
Jun 12, 2015 10:38 am UTC| Commentary
The Bank of Russia (CBR) is likely to cut its key rate 100bp to 11.5% at its meeting on Monday 15 June. This is a slower rate than the 150bp cut at its May meeting. The CBR is in slightly less of a hurry to cut rates at...
Sharp drop of the cotton production in India and China expected
Jun 12, 2015 10:10 am UTC| Commentary
The cotton price shed 2% yesterday on the back of generally weak commodity prices. The estimates of the US Department of Agriculture (USDA) published on Wednesday showed no changes to the figures for US cotton supply and...
IEA revises demand forecasts significantly upwards
Jun 12, 2015 09:48 am UTC| Commentary
The Brent price dipped below the $65 per barrel mark yesterday, while WTI is now trading only just over $60 per barrel. Oil prices are thus failing to profit from the fact that the International Energy Agency revised the...
May data point to stabilization; PBoC reiterates commitment to CNY internalization
Jun 12, 2015 07:45 am UTC| Commentary
The remaining set of Chinese data for May released yesterday merely pointed to stabilization of the economy at best. There were few signs of a rebound as yet and suggest that monetary conditions are likely to remain...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned