Stronger retail sales fails to reignite Dollar

Aug 13, 2015 13:22 pm UTC| Insights & Views Economy

US retail sales not only surprised to upside, June was revised higher. Headline sales rose by 0.6% in July from June. The data was much better, given June sales were revised upwards from -0.1% to +0.2%. Core sales...

Financials shine brightest in growing Europe

Aug 13, 2015 12:56 pm UTC| Insights & Views Central Banks Economy

European Central Banks (ECB) unprecedented easing, which has unleashed more than 250 billion of liquidity in Euro zone seems to be working its magic for the economy as well as almost all subsectors, as per latest data from...

Is China in economic distress or shifting?

Aug 13, 2015 11:50 am UTC| Insights & Views Economy

Undoubtedly Chinese economy has slowed down considerably in past few years, as evident from many economic dockets, such as GDP (which has slowed to 7%, slowest in more than a decade), industrial production (from double...

Asian markets settle as PBoC currency fix becomes norm

Aug 13, 2015 04:56 am UTC| Commentary Economy

China devalued its currency for the third consecutive day on Thursday, setting the USD/CNY fix at 6.401, 1.1% higher than the previous fix. Thursday is the third consecutive day that the central bank has devalued its...

Eurozone economic activity continues to expand

Aug 10, 2015 23:09 pm UTC| Commentary Economy

Eurozone economic activity continues to expand at a modest pace, with the manufacturing PMI reaching 52.4 in July. Italy and Spain PMIs remain in strong expansion, near multi-year historical highs. Spain GDP accelerated...

Strong U.S. domestic economy ready for rate hikes

Aug 08, 2015 03:12 am UTC| Commentary Economy

The divergence in performance between domestic and eternally oriented sectors of the American economy was on full display this week. While the ISM non-manufacturing index showed the fastest acceleration in activity in a...

Growth rebalancing likely to take time in Euro Area

Aug 02, 2015 06:25 am UTC| Research & Analysis Economy

Member states have started to release Q2 preliminary GDP data. Spanish GDP growth accelerated by 0.1pp to 1.0% q/q, its fastest pace since March 2007. The Spanish economy has a further 3.9% to recover before returning to...