US retail sales to post largest increase in five years
Jun 11, 2015 07:25 am UTC| Commentary
After a long string of disappointing US retail figures, the data is likely to turn.According to Societe Generale, "the Census Bureau likely to report that retail sales increased by 1.9% m/m in May. This would mark the...
Mexican industrial production growth likely weakened further in April
Jun 11, 2015 07:10 am UTC| Commentary
Mexican industrial production growth in Q1 was significantly weaker than in H2 14 as weather-affected lower US demand growth slowed the investment and growth revival in the manufacturing sector (something reflected in the...
Copom minutes to reflect on the prevailing uncertainty on Brazil's inflation and rates
Jun 11, 2015 06:54 am UTC| Commentary
As expected, the BCB raised the Selic target by another 50bp to 13.75% at its June Copom in a unanimous decision. However, the fact that the decision came with an unchanged short statement (compared with the previous...
French HICP inflation expected at 0.4% yoy in May
Jun 11, 2015 06:41 am UTC| Commentary
French HICP inflation is expected to rise to 0.4% yoy in May after its reading of 0.1% yoy in April. France is traditionally the last of the big four European countries to publish their consumer price numbers as they do...
Greece's next real deadline is end-June
Jun 11, 2015 06:35 am UTC| Commentary
The decision to bundle all the IMF payments in June into one looks like a political decision, a signal that PM Tsipras is not ready to risk (yet) a split in his own party. Indeed, with the more radical part of Syriza in...
China's activity growth likely edged up
Jun 11, 2015 06:26 am UTC| Commentary
Chinas activity data are likely to have recovered further in May, albeit at a very slow pace.Since both the HSBC and official PMI reports indicated some improvement in the Chinese manufacturing sector, industrial...
US bond fund positioning cut toward neutral
Jun 11, 2015 06:15 am UTC| Commentary
The beta of US diversified bond funds to the benchmark has fallen back toward average levels, suggesting that positioning at bond funds is much cleaner. The rise in correlation between duration and credit has affected the...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned