Canada’s manufacturing sales drop in May; disruptions in auto industry from wildfires likely to persist

Jul 18, 2016 10:23 am UTC| Commentary Economy

Manufacturing sales of Canada fell in slightly more than projections in May after recovering briefly in April. The decline is mostly due to temporary disruptions to supply chains. Sales fell 1 percent in May, the third...

Australia's Q2 inflation outcome likely to be soft enough to keep August rate cut alive

Jul 18, 2016 10:12 am UTC| Insights & Views Economy Central Banks

Australian government releases inflation data on a quarterly basis. Official Australias Q2 CPI data is scheduled to be released on Wednesday, 27th July and are keenly awaited after the extremely weak Q1 print. Australias...

US consumer prices rise in June; inflation likely to keep rising modestly through 2016

Jul 18, 2016 09:36 am UTC| Commentary Economy

US consumer prices for the month of June came in a tad below market projections. Inflation accelerated 0.2 percent, as compared with consensus forecast of 0.3 percent rise. Core inflation, excluding energy and food, also...

US retail sales come in above expectations in June; consumer spending likely rose in Q2

Jul 18, 2016 09:18 am UTC| Commentary Economy

The advance Census Bureau has reported that the US retail sales grew 0.6 percent on sequential basis in June. The headline print came in better than anticipated, with consensus projection at a weaker rise of 0.1 percent....

US existing home sales likely to have eased in June

Jul 18, 2016 09:09 am UTC| Commentary Economy

Existing home sales in the US areexpected to have eased in June after rising for three consecutive times, noted Societe Generale in a research report. In the past three months, existing home sales rose a total of 9...

Fundamentals to watch out for this week

Jul 18, 2016 09:06 am UTC| Commentary Economy

In terms of data, this week is relatively less risk heavy but post-Brexit fallouts can always compensate for that. What to watch for over the coming days: US earnings season - Once again the earnings will...

New Zealand’s CPI misses expectations in second quarter of 2016

Jul 18, 2016 06:30 am UTC| Commentary Economy

[Correction: The lead and the title have been edited to make necessary changes] New Zealands inflation came in below consensus forecast and central banks projection in the second quarter of 2016. According to Statistics...