US private consumption finally stronger?
Jun 11, 2015 07:46 am UTC| Commentary
Following a week low on data so far it is once again worth looking at the calendar of US data publications today. May retail sales are an important set of data due for publication. So far consumption in the US had...
Rate cut heavily weighs on NZD-USD
Jun 11, 2015 07:43 am UTC| Commentary
The Reserve Bank of New Zealand cut its key rate from 3.50% to 3.25% last night. A glance at the NZD-USD exchange rate which had previously been at 0.72 and is now keeping just above 0.70 illustrates that it caught a...
BCCh acknowledges downside risk to growth in H2 15
Jun 11, 2015 07:30 am UTC| Commentary
The BCCh paused in November after having reduced the overnight rate by a total of 200bp to 3.0% since October 2013. The central banks recent statements were generally neutral, reflecting the environment of low growth and...
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...