Canadian manufacturing sales extend gains in July
Sep 16, 2015 15:16 pm UTC| Commentary
Canadian manufacturing sales kicked off the third quarter on a high note, rising by 1.7% in July. This marks the third consecutive gain in manufacturing activity, with the previous two months having been revised higher....
Benign inflation environment reaffirmed
Sep 16, 2015 15:11 pm UTC| Commentary
Consumer prices fell -0.1% (month-over-month) in August, in line with market expectations. Core CPI (excluding food and energy) rose 0.1%, also on par with the consensus view. On a year-over-year basis, overall consumer...
US Q3 GDP tracking unchanged at 2.4% after August CPI
Sep 16, 2015 14:58 pm UTC| Commentary
The elements of the CPI used to deflate core retail sales in tracking of real PCE growth were slightly below expectations in August. Weaker PCE control group prices imply a slightly stronger rate of real consumption growth...
UK labour data boosts sterling, breaks $1.54
Sep 16, 2015 09:32 am UTC| Commentary
Although UK jobs data came in better than expected, providing the GBP/USD pair with immediate support, longer-term developments are capped by traders cautiousness ahead of the Fed decision.Both total average earnings and...
Additional support from surprising decline in US crude oil stocks reported by API
Sep 16, 2015 09:23 am UTC| Commentary
The American Petroleum Institute reported yesterday evening that stocks had decreased by 3.1 million barrel week-on-week in the week to 11 September.However, the slight increase in price of the WTI October contract, which...
Higher Brent price due to contract rollover
Sep 16, 2015 09:21 am UTC| Commentary
Brent is beginning trading today a good one dollar higher than yesterday at just shy of $48 per barrel. The "price rise" is due largely to the contract rollover, as oil is trading in a pronounced contango at the short end...
Sep 16, 2015 09:11 am UTC| Commentary
The Bank of Thailand left its policy rate unchanged at 1.50%. The decision was again unanimous, indicating that the MPC does not see any imminent need to cut rates.The Bank of Thailand remains dovish. In todays statement,...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight