BoJ’s 2% inflation target could take a long time to achieve

Aug 10, 2015 02:26 am UTC| Commentary

The market is doubtful about whether the Bank of Japans 2% inflation target will be achievable around the first half of fiscal 2016. The key factors that determine CPI are aggregate wages (domestic pressure), US CPI...

US employment, focus on momentum

Aug 10, 2015 01:14 am UTC| Commentary

The Labor Market Conditions Indicators (LMCI), compiled by the Kansas City Federal Reserve, have continued to point to steady, robust momentum in jobs growth and a consequent erosion of residual slack over the past five...

Australia's wage price index holds at record low

Aug 10, 2015 00:46 am UTC| Commentary

Total hourly wage rates ex bonuses (WPI) rose 0.5% in Q1, below the market consensus forecasts, following three consecutive 0.6% prints. The annual pace eased back to 2.3%yr, from 2.5%yr in Q4. This is a new record low for...

SEK, NOK: Inflation data in focus

Aug 10, 2015 00:13 am UTC| Commentary

Inflation data in Sweden (Thursday) and Norway (Monday) will likely drive the price action for the Scandies in the coming week. Poor liquidity of Scandinavian currencies over the summer has contributed to modest EURSEK...

Banxico: Quarterly inflation report on Wednesday

Aug 09, 2015 23:27 pm UTC| Commentary

The Central Bank of Mexico will release its quarterly inflation report on Wednesday. Neither the strength of economic activity nor the underlying inflation dynamics suggest that Banxico is currently behind the curve....

Euro area GDP is expected to grow by 0.4% in Q2

Aug 09, 2015 22:39 pm UTC| Commentary

Despite continued anxiety surrounding Greece, 2015 has been a positive year for the Euro Area in aggregate. This has in large part been due to the liquidity and confidence effects of the ECBs well-telegraphed, long-term...

US retail sales likely to rebound in July

Aug 09, 2015 22:23 pm UTC| Commentary

US retail sales disappointed in June, falling 0.3%. This result was partly attributable to weaker auto sales; however, core retail sales (ex autos and gas) still fell 0.2% in the month. In annual growth terms, momentum has...