Euro area PMIs to moderate ahead of likely further ECB action
Sep 20, 2015 20:15 pm UTC| Commentary Central Banks
The euro area flash composite PMI (Wednesday) is expected to moderate slightly in September to 54.1 (consensus: 54.0; last: 54.2), as the manufacturing and services sectors post slight declines to 52.0 (consensus: 52.0)...
Housing starts and permits - Single-family permits show better pickup
Sep 18, 2015 17:31 pm UTC| Commentary
Single-family permits increased by 3% to a SAAR of 699,000 units in August from 680,000 units in July, above expectation for +1% m/m to 685,000. The sequential improvement is consistent with comments made by TOL (first 4...
Sep 18, 2015 17:18 pm UTC| Commentary
Although some market participants are disappointed by the Feds further delay in raising interest rates, the key issue for markets is not when hikes begin, but how quickly they proceed once they begin. Once hikes begin,...
Fed rally to be short-lived; LATAM to underperform
Sep 18, 2015 16:48 pm UTC| Commentary
The Fed delivered a dovish stance at its monetary policy meeting on Thursday which should provide a short-lived relief for EM. The Feds concerns come down to two factors: China and the dollar. Here it is important to note...
Risk averse yellen puts off raising rates
Sep 18, 2015 16:33 pm UTC| Commentary
Federal Reserve Chair Janet Yellen held off raising rates Thursday citing uncertainty abroad as the main factor. Yellen stated recent turbulence among various foreign economies, specifically Chinas growth decline and...
US Leading Economic Index(r) rose modestly in August
Sep 18, 2015 16:08 pm UTC| Commentary
The Conference Boards leading economic index rose 0.1% m/m in August, in line with our forecast (0.1%) and slightly below consensus expectations (0.2%). In addition, the value of the July index was revised up to unchanged...
The Fed is on hold, still time to add risk on dips
Sep 18, 2015 16:02 pm UTC| Commentary
The Fed has once again lowered its dots and inflation projections for the coming years; the longer run Federal fund rate is now at 3.5% (was 3.8% in June). Economists think the Fed is preparing the floor for a smooth and...
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