UK retail sales in focus

Oct 18, 2015 20:32 pm UTC| Commentary Economy

After a volatile week for GBP crosses, this week will be relatively quiet on the data front and, as such, the catalyst for a continuation of last weeks EURGBP downtrend would likely be the ECB. A dovish ECB press...

US August JOLTS data mirror softening in payroll growth

Oct 16, 2015 15:17 pm UTC| Commentary Economy

The US Job Openings and Labor Turnover Survey (JOLTS) reported total job openings fell to 5.370mn in August, down from the revised July estimate of 5.668mn and below consensus expectations (5.580mn). The 298k decline was...

TAX receipts show US economy healthy

Oct 16, 2015 10:13 am UTC| Insights & Views Economy

While all the focus is on payroll numbers or weak inflation pushing rate hike expectation from FED further into the future. However one measure is showing that US economy may not be roaring but more than humming and...

Downside risks to Euro area inflation outlook in focus

Oct 16, 2015 06:33 am UTC| Commentary Economy

The recent string of shocks (China, equity market corrections, VW) has brought sizeable downside risks to confidence and the economic outlook. In the recent data, the German August industrial data are probably the most...

Brazil: recession, deficits and downgrades

Oct 16, 2015 05:17 am UTC| Commentary Economy

The country is seen in a sequence of economic recession leading to fiscal deficits in the next years, putting gross debt above the 70% of GDP level and triggering rating downgrades, a sequence that the agency also cited as...

Brazil's negative 2016 budgetary piece continues to show its effects

Oct 16, 2015 05:13 am UTC| Commentary Economy

The decision of Brazils government to send to Congress the 2016 budget by late August not only triggered SPs to move the sovereigns rating to non-investment grade, but also suggested to Fitch Ratings another setback to...

Good news for US consumers

Oct 16, 2015 04:43 am UTC| Commentary Economy

US latest non farms payrolls report added only 142K jobs to the economy last month, but even though new hiring looks like it is slowing, layoffs have not significantly increased. In fact the latest initial unemployment...