US factory orders rose only 0.4% in July

Sep 02, 2015 20:59 pm UTC| Commentary Economy

US factory orders rose only 0.4% in July, after a 2.2% bounce in June, disappointing the consensus estimate of 0.9%. Low oil prices were a factor. Private sector employment (ADP) rose 190k, slightly less than the 200k...

US job creation expected to quicken in August

Sep 02, 2015 20:54 pm UTC| Commentary Economy

The BLS is expected to report that hiring activity reaccelerated in August. Government statisticians are likely to report that non-agricultural concerns added 250,000 net new workers last month, eclipsing the 235,000...

US economy is still in a middle phase of the business cycle

Sep 02, 2015 20:42 pm UTC| Commentary Economy

With profit margins still hovering near cyclical highs, it is fair to say that the US economy is still in a middle phase of the business cycle. The late-cycle dynamic is generally characterized by acceleration in wage...

US auto sales - who needs holidays?

Sep 02, 2015 16:08 pm UTC| Commentary Economy

The August LV selling rate (SAAR) came in at 17.72MM (+1.6% YOY) vs consensus of 17.3MM and well above the 6-mth run rate of 16.99MM. Abs sales were only down 60 bps y/y, a strong performance considering the August 2014...

U.S. economic data remains in the spotlight

Sep 02, 2015 15:10 pm UTC| Commentary Economy

In these turbulent times we must take a step back and look at the economic data that provides a positive backdrop for corporate earnings - the fundamental driver of markets. The flurry of economic data that is being...

Mexico consumer confidence likely to tick up

Sep 02, 2015 11:54 am UTC| Commentary Economy

Consumer confidence in Mexico, having stalled over the past two to three quarters, saw a sudden surge in June, reaching its highest level since August 2013. The sharp jump was quite a surprise, materialising in the wake of...

Global growth slowdown persists

Sep 02, 2015 10:37 am UTC| Insights & Views Economy

The Chinese economy is in slowdown mode, global markets and the economies linked to Chinas growth face further challenges. Downward bias in commodity prices, and the renewed increase in financial market turbulence are...