Remaining portions of US BLS employment situation report to be mixed

Sep 04, 2015 05:40 am UTC| Commentary Economy

The remaining portions of the BLS employment situation report are expected to be mixed. Reflecting previously discussed calendar effects associated with the timing of the establishment survey, average hourly earnings...

Poland’s October election adds downside PLN risk

Sep 04, 2015 01:02 am UTC| Commentary Economy

Polands smaller trade linkages to China and its status of net commodity importer places the PLN in a relative sweet spot compared to other EM currencies. That did not stop EUR/PLN from gaining 2.1% in August. A move up to...

New Zealand's level of construction to remain strong over coming year

Sep 03, 2015 03:55 am UTC| Commentary Economy

Total NZ building work put in place rose 1.6% in the June quarter, taking the level of building activity to its highest level in ten years. Junes increase in building work was underpinned by a 5% increase in...

Risk is decoupled from US fundamentals

Sep 03, 2015 03:26 am UTC| Commentary Economy

The recent repricing of risk appears to be decoupled from US fundamentals. Admittedly, macro profits used in this analysis are derived from domestic production, i.e. do not include foreign profits and therefore exclude the...

UK economic growth in Q2 widely supported

Sep 02, 2015 22:48 pm UTC| Commentary Economy

The second estimate of GDP in 2015Q2 confirmed that the British economy expanded by 0.7% q-o-q in the second quarter of 2015. All components, except inventory formation, contributed positively to economic growth. Private...

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...