Japan's July inflation to be more stagnant

Aug 27, 2015 05:40 am UTC| Commentary

There will be a base effect due to last years rise in oil prices that continued through to mid-2014. Although the BoJ is aiming at achieving a 2% price stability target, Japan CPI (excluding fresh food) likely fell below...

Mexican trade details likely strengthened in July

Aug 27, 2015 05:39 am UTC| Commentary

After two months in a row of yoy declines in exports and imports in April and May, dollar trade numbers improved in June (something also noticed in better manufacturing number for that month). Given strengthening US...

Oil climbs on weaker dollar, WTI stabilizes below $40

Aug 27, 2015 05:35 am UTC| Commentary

Oil prices moved higher on Thursday as traders cheered an unexpected drop in US crude inventories, while a weaker greenback boosted prices as well. WTI futures rose 2.07% to $39.40 per barrel, while futures for Brent were...

U.S. spring-quarter GDP growth likely to be boosted to 3%

Aug 27, 2015 05:27 am UTC| Commentary

U.S. real GDP data for Q2 is scheduled to release today. The economy is expected to perform better in compare to Q1. Data released subsequent to the U.S. Bureau of Economic Analysis (BEA) advance report on real GDP growth...

PBoC easing not enough to fix China’s growth?

Aug 27, 2015 05:26 am UTC| Commentary Central Banks

The recent market volatility may last as two major uncertainties loom, the Fed and China. On the Fed, given the absence of significant inflation pressure in the US and in light of the global market jitters, it is tempting...

Euro area monetary dynamics to soften in July

Aug 27, 2015 05:19 am UTC| Commentary

Significant improvements have been seen in monetary and credit dynamics since the ECB adopted an accommodating stance back in June (rate cuts, TLTRO, QE). Indeed, M3 money supply growth recovered from a lacklustre 1.1% yoy...

Philippines 2015 growth likely at 5.5%

Aug 27, 2015 05:13 am UTC| Commentary

Q2 GDP growth for the Philippines came in marginally below expectations at 5.6% y/y, relative to our and consensus forecasts of 5.7%. Q1 GDP growth was at 5.0% y/y, revised lower from the preliminary print of 5.2% y/y. On...