US Q2 GDP tracking 2.9% after June factory orders
Aug 04, 2015 14:39 pm UTC| Commentary
US factory orders rose 1.8% m/m in June, in line with estimate of 1.7% and consensus expectations 1.8%. Orders for durable goods in June, initially estimated in last weeks report, were unrevised at the headline level at...
BoJ likely to stay on hold for some time with easing bias
Aug 04, 2015 14:20 pm UTC| Commentary Central Banks
The Bank of Japan (BoJ) will hold its next monetary policy meeting on 6-7 August. The Bank of Japan(BoJ) is likely to maintain its current monetary easing framework, in light of three factors: (1) it is believed BOJ will...
Aug 04, 2015 13:45 pm UTC| Commentary
U.S. auto sales soared to 17.5 million units on a seasonally-adjusted annualized 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...
Brazil's retail sales likely to remain in negative zone
Aug 04, 2015 12:21 pm UTC| Commentary
Brazils retail sales data is scheduled to release on 12th August. The country posted negative growth of -0.9% mom and -4.5% yoy in June. In recent quarters, growth in retail sales and private consumption has decelerated...
Brazil's inflation likely increased to 9.33% yoy in July
Aug 04, 2015 12:07 pm UTC| Commentary
Brazils inflation data for July is expected to release on 7th August. The bulk of the upside surprise appears to be driven by a higher-than-expected rise in food prices, although inflation also continued to accelerate in...
Preliminary export data weighs down on lira
Aug 04, 2015 09:38 am UTC| Commentary
The Turkish Exporters Assembly announced that Turkish export performance worsened during July, driven by weaker-than-expected exports to the EU. Headline exports are estimated to have declined by a sharper 13% y/y in July...
Sugar price falls below 11 US cents per pound
Aug 04, 2015 09:18 am UTC| Commentary
The raw sugar price dipped below the 11 US cents per pound mark yesterday for the first time since December 2008. The further depreciation of the Brazilian real to a new 12-year low against the US dollar yesterday was...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects