US consumer credit probably reaccelerated in August
Oct 04, 2015 23:28 pm UTC| Commentary Economy
Powered by an anticipated auto-led pickup in nonrevolving liabilities outstanding, the nominal value of consumer instalment credit likely expanded by $21.5 billion in August, eclipsing the $19-billion takedown posted in...
EMEA: Poland on hold, divergent inflation trends in Turkey and Russia
Oct 04, 2015 22:18 pm UTC| Commentary Economy
In Poland, NBP is expected to keep policy rate unchanged. Inflation surprised on the downside, and is very low at -0.8% y/y. However, base effects and drought should boost it in Q4 and next year. Growth has remained steady...
U.S. not immune to global weakness
Oct 04, 2015 07:52 am UTC| Commentary Economy
Headwinds to U.S. growth emanating from the soft global economic backdrop and elevated greenback were one of the motivations behind the Feds decision not to raise rates in September. As we kick off October, these risks...
U.K. housing construction supported by strong demand
Oct 02, 2015 04:44 am UTC| Commentary Economy
U.K. housing construction data is scheduled to release today. The construction PMI paints a clear picture of the housing sector leading the pack, followed by commercial construction with civil engineering a distant...
Japan faces risk of a technical recession
Oct 01, 2015 23:05 pm UTC| Commentary Economy
The risk of a technical recession has emerged due to the weakness in recent data. Industrial production contracted 0.5% (MoM sa) in Aug15, the second consecutive month of decline, reflecting the deterioration in exports...
Korea's inventory overhang improves a little
Oct 01, 2015 03:34 am UTC| Commentary Economy
The persistent sluggishness in the trade performance and the large inventory overhang in autos and electronics increase the likelihood that Q3 GDP growth may undershoot the official expectations of at least 1% q/q...
Asian stocks rise amid mixed factory data
Oct 01, 2015 03:11 am UTC| Economy
A solid close on Wall Street overnight translated into somewhat softer gains in Asia on Thursday morning. Asian markets were generally higher on Thursday, with a slew of manufacturing data from the region prompting little...