US labor market slack probably eroded further in September

Sep 30, 2015 20:58 pm UTC| Commentary

The BLS household survey is expected to echo the positive tone of the nonfarm payroll report. Assuming that the recent relationship between the establishment and household employment measures held steady during the...

Brazil’s external debt is not among the worst in the EM world

Sep 30, 2015 20:53 pm UTC| Commentary Economy

Brazils external debt (ED) to GDP ratio - which declined to nearly 17% of GDP in 2008 and still stood at a moderate 25.2% at the end of 2013 - rose to 41% of GDP in Q3 15. While the increase in 2014 was driven by a rise in...

US payroll employment growth likely perked up in September

Sep 30, 2015 20:36 pm UTC| Commentary

Government statisticians are expected to report that payroll employment growth reaccelerated in September. Fundamental and technical factors support the expectation that hiring gathered steam last month. The average number...

Fuel prices push Euro area headline inflation into negative territory

Sep 30, 2015 20:23 pm UTC| Commentary

While food prices continue to contribute positively to headline inflation, and core inflation remains stable, oil prices have remained low at around $45-50 per barrel, ensuring that the energy contribution to inflation...

Canadian GDP grew 0.3 percent in July following a 0.4 percent rise in June, dispelling recession fears

Sep 30, 2015 18:20 pm UTC| Commentary

Real gross domestic product (GDP) for July was posted at a better-than-expected 0.3 percent, confirming that the economy rebounded in the third quarter from the contraction in the first half of the year. Although oil...

US labor market likely tightened further in September

Sep 30, 2015 17:06 pm UTC| Commentary

The Bureau of Labor Statistics (BLS) report on the employment situation in September will provide a final update on hiring activity as policymakers prepare for the October 27-28 Federal Open Market Committee (FOMC)...

US Autos in China: Tax Cut Should Stimulate Demand, Stabilize Pricing

Sep 30, 2015 16:27 pm UTC| Commentary

The China State Council announced an auto stimulus package earlier yesterday. The key provision is a reduction in the vehicle purchase tax to 5% from 10% on vehicles with 1.6 liter engine and below. This segment represents...