Euro area PMIs indicate stable growth above trend
Oct 23, 2015 16:17 pm UTC| Commentary
The Euro-area PMIs came in solid, signalling continued strength in the service sector and no additional weakness in the more export-exposed manufacturing sector. For the short-term, the numbers indicate ongoing growth that...
China delivers monetary easing and financial reform in one step
Oct 23, 2015 16:10 pm UTC| Commentary Central Banks
China delivered another dual cut today to support the struggling economy, 25bp to the interest rates and 50bp to the reserve ratio. As a historical move, the deposit rate ceiling was removed, making interest rates fully...
US Markit flash manufacturing PMI advances in October
Oct 23, 2015 15:17 pm UTC| Commentary
The Markit manufacturing PMI rose to 54.0 in the October flash estimate, coming in stronger than consensus expectations (52.7) for a modest decline from final September print of 53.1. Most of the survey components posted...
EM economic growth, another round of disappointment
Oct 23, 2015 14:53 pm UTC| Commentary Economy
When the IMF published its latest WEO forecast, it also marked the ninth consecutive time that it revised down its emerging market and developing economies growth forecasts. The continual downward revisions raise the...
FOMC Preview-Data dependent Decemberists
Oct 23, 2015 14:32 pm UTC| Commentary Central Banks
The FOMC meets onOctober 27-28, but is not expected to announce a rate hike. The FOMC is likely to prefer to wait until December to make a decision whether to go ahead with a 2015 liftoff. Since there will not be an update...
Energy prices continued to keep Canada’s inflation modest in September
Oct 23, 2015 14:26 pm UTC| Commentary
Inflation rose 1.0% year-on-year in September, slowing somewhat from the 1.3% growth recorded in August as a result of lower gasoline prices. Core inflation, which excludes the eight most volatile components, rose 2.1%,...
World Bank expects more pronounced fall of agricultural prices
Oct 23, 2015 12:31 pm UTC| Commentary
In its quarterly report, the World Bank also commented on global agricultural prices and the impact of El Niño. Despite the powerful nature of El Niño, it does not envisage rising prices on the global...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects