Domestic demand main driver for solid Spain GDP
Oct 27, 2015 20:28 pm UTC| Commentary
After growing by close to 1% per quarter on average in H1, a still-solid but slower economic environment is expected in Q3 (+0.7% qoq). Domestic demand is expected to have remained the main growth driver, supported by the...
Not great economic data weighs on investors
Oct 27, 2015 18:24 pm UTC| Commentary
Durable goods orders fell for the second month in a row, falling 1.3 percent in September, after a sharp drop of 3 percent in August. The strong dollar is indeed a drag on manufacturers doing business abroad. However,...
Oct 27, 2015 16:22 pm UTC| Commentary
Deep dissatisfaction with the labor market has been a hallmark of the current US economic recovery, as well as the previous ones since the 1990s. Despite significant improvement on a wide variety of other labor market...
Why commodity investors need not fear the Fed
Oct 27, 2015 16:11 pm UTC| Commentary
The conventional wisdom is that the outlook for US interest rates will be critical in determining the prospects for commodity prices over the next few years. Indeed, some commentators seem to base their forecasts...
US confidence drops back to 3-month low
Oct 27, 2015 14:29 pm UTC| Commentary
The unexpected decline in the Conference Boards measure of consumer confidence to a three-month low of 97.6 in October, from 102.6, adds to the run of softer economic data. (The consensus forecast was 102.9.) Nevertheless,...
US Q3 GDP tracking 1.0% after September durable goods orders
Oct 27, 2015 13:44 pm UTC| Commentary
Durable goods orders fell 1.2% m/m in September, broadly in line with consensus expectations of a 1.5% decline. A sharp 35.7% m/m drop in nondefense aircraft orders subtracted 2.2pp from the headline reading. Excluding...
Bank of Russia may keep key rate on hold at next week’s MPC meeting
Oct 27, 2015 12:26 pm UTC| Commentary Central Banks
Inflation indicators have been relatively positive since the last meeting in mid-September, when the CBR held its key rate unchanged after five consecutive cuts since January 2015. Therefore, the Bank of Russia (CBR) is...