UK inflation to slip back below zero
Sep 15, 2015 05:24 am UTC| Commentary
The surprise in UKs last months data for July was that core inflation jumped from 0.8% yoy to 1.2% yoy, driven largely by higher clothing inflation, taking headline inflation from zero to 0.1% yoy. At the time, the ONS...
China effect likely to depress Germany's ZEW
Sep 15, 2015 05:20 am UTC| Commentary
One problem with Germanys this month ZEW survey, which was conducted over the 10 first days of the month, is the increased volatility displayed in markets over that period, the Dax moved down by around 2.5% twice and twice...
French inflation likely to soften 0.1% yoy in August
Sep 15, 2015 05:18 am UTC| Commentary
In July, both French HICP and the national measure slowed by one tick from 0.3% yoy in June to 0.2% yoy. French CPI Ex-Tobacco came in at 126.02 (against our forecast of 126.14). On the components side, energy prices...
One more PBoC cut likely in Q4
Sep 15, 2015 04:26 am UTC| Commentary
More fiscal and monetary easing is expected to support growth but that is not expected to change the economys structural softening trend. The weakness in recent data confirms that growth is losing momentum despite a...
China's 2015-16 growth forecasts lowered following recent soft data
Sep 15, 2015 04:23 am UTC| Commentary
Chinas domestic activity in August generally came in softer than expected, consistent with the weak trade data (Figures 1-3). Industrial production (IP) growth was 6.1%y/y. This suggests weaker IP growth in Q3 than Q2s...
Better Canadian data trend continues
Sep 15, 2015 04:16 am UTC| Commentary
Back in late August, Canadian activity data was beginning to show a slightly more positive turn, but oil prices were pressing to new lows and with that the market was nearly 100% priced for another BoC cut by the end of...
Brazil government’s reaction to rating downgrade keeps market uncertain?
Sep 15, 2015 04:06 am UTC| Commentary
Brazils economic team announced cuts in expenditures and new tax measures, aiming at reaching the 0.7% of GDP primary surplus target for 2016. The cut in expenditures is a necessary (but not sufficient) condition imposed...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects