China CPI accelerating amid less inflationary pork cycle

Sep 07, 2015 06:13 am UTC| Commentary

Pork price growth increased further in August, which is expected to boost food CPI inflation. Housing CPI inflation is also expected to have risen slightly on improved demand. In contrast, administrated fuel prices were...

China's exports to recover after an exceptionally weak July

Sep 07, 2015 06:10 am UTC| Commentary

Chinas export growth fell sharply to -8.3% yoy in July from 2.8% yoy in June, while imports deteriorated slightly over the same month. That said, the July weakness was exceptional, and exports are likely to have recovered...

Highlights from U.S. August jobs report

Sep 07, 2015 06:09 am UTC| Commentary

The U.S. unemployment rate fell 0.2% point to 5.1% in August, the lowest since March 2008. The details were weaker, however, with a 41k decline in the labour force while employment reported in the household survey was up...

Moment of truth for PBoC’s reserve sales

Sep 07, 2015 06:07 am UTC| Commentary Central Banks

Chinas FX reserves dropped by $150bn in August, from $3.65trn to $3.5trn, vs a $50bn decline in July. However, the possible range for the decline in reserves could be quite wide, from $100bn-$300bn. Given there was a...

German exports to rebound in July

Sep 07, 2015 05:55 am UTC| Commentary

German exports data for July is due on Tuesday. The countrys trade surplus is expected to have amounted to 24.5bn, up from 24.1bn in June, said Societe Generale in a report on Monday. Exports are expected to have increased...

German industrial outlook improving

Sep 07, 2015 05:46 am UTC| Commentary

German industrial production data is due today. The countrys industrial output is expected to have increased by 1.1% mom in July following a bigger than expected drop in June, says Societe Generale in a report on Monday....

ECB to extend QE beyond September 2016

Sep 07, 2015 05:23 am UTC| Commentary Central Banks

The FX market is likely to continue to contemplate further ECB QE, given recent Chinese growth concerns and falls in market-based measures of euro area inflation expectations. The ECB is expected to announce before...