Global Markets: Simmering risks
Aug 04, 2015 22:06 pm UTC| Commentary
US data painted a mixed picture for Fed interpretations. The ISM fell from 53.5 to 52.7, which disappointed estimates and is seen as further evidence that the strong dollar is having a detrimental impact on industry....
Aug 04, 2015 21:46 pm UTC| Commentary
US auto sales soared to 17.5 million units on a seasonally-adjusted annualised basis in July, marking the third consecutive month of sales above the 17 million unit mark. Of the top 8 selling brands, seven recorded gains...
Fed's Lockhart signals September rate Liftoff
Aug 04, 2015 21:25 pm UTC| Commentary
When Lockhart comes out and says September could be an appropriate time to lift rates - markets pay attention. He is a voter on the central/dovish side of the Fed spectrum and he was pretty explicit in his comments: "I...
Canada's RBC manufacturing PMI slipped on last month
Aug 04, 2015 21:14 pm UTC| Commentary
Canadas RBC manufacturing PMI slipped on last month (50.8, prior 51.3) - the first moderation in five months. It was weighed down by weakening in output and employment though new orders were steady. Regionally, it...
Canadian and US vehicle sales strong in July
Aug 04, 2015 20:52 pm UTC| Commentary
Canadas record-breaking pace continued last month, with purchases advancing 0.4% above a year earlier and setting a new record for the month of July. Purchases climbed to an annualized 1.92 million units last month, up...
U.S. markets resilient as emerging markets struggle
Aug 04, 2015 16:37 pm UTC| Commentary
U.S. economic data and markets have been remarkably resilient in the face of reeling Emerging Markets along with continued trouble in Greece and now Puerto Rico. Yesterdays U.S. ISM Manufacturing data continued to expand,...
Russia's July inflation rises due to utility price adjustments
Aug 04, 2015 16:00 pm UTC| Commentary
Russia inflation accelerated to 15.6% y/y in July from 15.3% in June, slightly above consensus and our forecast. Utility prices are now normally adjusted in July. Because of the RUB sell-off over the past year and the...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects