U.S. Data Release: Personal Income and Spending, June 2015
Aug 03, 2015 15:00 pm UTC| Commentary
Personal income increased by 0.4% (m/m) in June, or slightly ahead of market expectations for a 0.3% gain. However, revisions to previous data reduced growth in personal income in each of the previous six months. After...
Aug 03, 2015 14:48 pm UTC| Commentary
The U.S. manufacturing ISM was released earlier than-expected this morning. And the headline wasnt encouraging, although the details were better. The index unexpectedly fell in the month, to 52.7 from 53.5 in June. This...
US ISM manufacturing index ticks lower in July
Aug 03, 2015 14:10 pm UTC| Commentary
The US ISM manufacturing index fell to 52.7 in July from 53.5 in June, against 54.0 and consensus expectations 53.5 for a broadly stable reading. The July decline brings the index to its lowest level since April. However,...
Slowing inflation will ease pressure on koruna
Aug 03, 2015 12:13 pm UTC| Commentary
Czech Republic posted CPI inflation of 0.1% mom and 0.8% yoy in June. Julys CPI should mildly decrease compared to the previous month. Food prices in particular are to blame. They should decrease 0.3% mom on a...
Czech Republic industry grows modestly
Aug 03, 2015 12:06 pm UTC| Commentary
After a very successful first quarter, Czech Republics industrial output slowed down despite very favourable dynamics in car production in May. In June, car production eased, but the rest of the sector compensated."As a...
France continues its cyclical recovery, GDP likely rose by 0.3% qoq in Q2
Aug 03, 2015 11:07 am UTC| Commentary
French consumption, government spending, investment and net exports are seen to positively and evenly contribute to the economic activity (0.1pp of GDP), mainly led by a lower oil bill, a weaker euro and easing credit...
RBI may opt for rate cut in Q4 15
Aug 03, 2015 11:02 am UTC| Commentary
With the Fed likely to announce its first tightening move by September, the RBI is expected to prefer to remain on hold until the hike actually takes place and see how the markets react to this potentially game-changing...
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