U.S. home prices decline further in July

Sep 30, 2015 04:32 am UTC| Commentary

U.S. SP/Case-Shiller 20-City Home Price Index fell for the third month running in July. The countrys home prices declined 0.2% m/m, below the consensus (+0.1%) expectations. The y/y rate of appreciation picked up slightly,...

Daily Economic Outlook: 9th September, 2015

Sep 30, 2015 04:16 am UTC| Commentary

Speeches from Fed Chair Yellen and St Louis Fed President Bullard, after the close of markets, will also be scrutinised for indications of timing of a rate rise, with the Chairs most recent comments still pointing to the...

Brazil economy cannot expect policy led support to grow

Sep 30, 2015 03:47 am UTC| Commentary Economy

Structural reform can help Brazil in the longer run, but the possibility of medium-term recovery depends on the potential improvement in the external demand scenario. Following recent inflation releases, 2015 inflation...

BCB likely to go for a 50bp rate cut in 2016

Sep 30, 2015 03:40 am UTC| Commentary Central Banks

There has been no substantial change in the macro economy since earlier this month. However, the sharp deterioration in financial conditions, amid mounting domestic political and legislative concerns and the poor...

US consumer confidence data supports positive outlook for consumption growth

Sep 30, 2015 03:29 am UTC| Commentary

The Conference Boards index of consumer confidence came in well above expectations in September, posting a modest advance on the month. The headline index rose to 103.0 in September, from a revised August reading of...

US Q3 GDP tracking 1.6% after advance August trade data

Sep 30, 2015 03:25 am UTC| Commentary

A sharp widening is shown in the nominal goods deficit in the Census Bureaus August report on international trade in goods. Nominal goods exports are estimated to have declined 3.5% m/m, while imports rose 1.8% m/m....

Asian markets recoil previous sharp losses as risk sentiment rebounds

Sep 30, 2015 02:55 am UTC| Commentary

Asian markets were in much better shape on Wednesday morning than where they closed yesterday, with investors taste for risk sweetening, while the weaker yen supported Japanese stocks despite weak economic data....