Central Bank of Russia may go for rate cut

Jul 31, 2015 07:46 am UTC| Commentary Central Banks

The recovery of the ruble ran out of stem intraday yesterday, as a result USD-RUB is once again aiming for the 60 mark. Today attention is focussing on the central banks rate decision. The majority of analysts expect a...

No sign of inflation in Japan

Jul 31, 2015 07:45 am UTC| Commentary Economy

At least consumer price data in Japan came in slightly above expectations yesterday. Even though the national inflation index came in a tenth below the May result at 0.4% yoy it also came in a tenth above expectations. Of...

MXN appreciates after exchange commission announcement

Jul 31, 2015 07:38 am UTC| Commentary

The Mexican peso reacted strongly to the exchange commission announcement that increases support measures for this currency. The exchange commission which is comprised of members of the MoF and also the Central bank...

Growth in US crude output is slowing as demand improves

Jul 31, 2015 07:35 am UTC| Commentary

Not only has the US economy started to improve, but low gasoline prices have spurred on something not seen in almost a decade, growth in distance travelled by automobiles.While there are many reasons to think this is not...

Flash July Italian HICP consumer prices to rise to 0.3% yoy

Jul 31, 2015 07:24 am UTC| Commentary

Italys HICP inflation data for July is expected to release today. The economy posted 0.2% yoy inflation in June is expected to post higher inflation rate in July. Italian HICP inflation is expected to print at 0.3% yoy in...

Russia's inflation likely to come down due to base effects

Jul 31, 2015 07:06 am UTC| Commentary

Russias tariffs on public services were revised upwards by 6.5-7.5% from early July. This fell in line with the preliminary schedule of the tariff services, but brought annual inflation up to 15.7% yoy. It was not low...

Crude oil prices, AUD and changes in the refining margin to drive Australia petrol pump prices

Jul 31, 2015 07:00 am UTC| Commentary

History suggests that refining margins dont stay abnormally large for too long before a supply boost brings them back in line with longer-run averages. Just as the gasoil margin quickly narrowed this year so too will the...