Moody's: Negative North American manufacturing outlook reflects weak demand

Oct 29, 2015 22:42 pm UTC| Commentary

Moodys Investors Service has changed its outlook for the North American manufacturing sector to negative from stable on weakening demand in key end markets, where prospects are already weak for some segments and moderate...

US average hourly earnings expected to rebound sharply; private workweek to expand

Oct 29, 2015 22:30 pm UTC| Commentary

The calendar effects associated with the comparatively late termination of this months canvassing period - it ended on October 17 - suggest that average hourly earnings probably climbed by 0.4% to $25.18, erasing a...

Euro area economy continues to show resilience, but the lending channel is not working

Oct 29, 2015 22:05 pm UTC| Commentary Economy

The flow of data over the past two weeks has proven better than expected. The euro area continues to show resilience, helped by robust consumption (due to stronger real disposable income and improving labour markets) and a...

US jobless measures expected to dip to levels last seen in early 2008

Oct 29, 2015 21:29 pm UTC| Commentary

The BLS canvass of households likely will echo the upbeat tone of the nonfarm job survey. Assuming that the recent relationship between the establishment and household employment measures held reasonably steady during the...

US GDP rose 1.5% in Q3, a touch below the consensus expectations

Oct 29, 2015 21:23 pm UTC| Commentary

United States GDP rose 1.5% (annualised) in Q3, slightly less than the consensus expectation (1.6%), and much lower than Q2s 3.9%. There were not many surprises in the data: personal consumption added 2.2ppts, inventories...

Mexico monetary policy on hold, inflation should be close to 3% in 2016

Oct 29, 2015 21:03 pm UTC| Commentary Economy Central Banks

Banxico decided to maintain the reference rate at 3.00% as expected. The press release highlights that the balance of risks to growth has worsen since the previous meeting while the inflation outlook remains the same,...

Russia’s central bank to cut the key rate by 50bp

Oct 29, 2015 20:49 pm UTC| Commentary Central Banks

Russias central bank (the CBR) will announce its monetary policy decision this friday at 11.30 CET. The key rate is expected to be lowered by 50bp to 10.50%, while consensus is split between a 50bp cut and no change. It is...