BRL likely to create upward pressure on Brazil's inflation

Jul 29, 2015 05:53 am UTC| Commentary

Brazil recorded 8.5% year on year inflation in June. Due to the inflation rate acclerate, the averate inflation projection for 2015 has been revied up. Societe Generale estimates the economy is likely to post 9.0% in...

Fed officials to give indications when September gets closer

Jul 29, 2015 05:50 am UTC| Commentary

US June inflation assessment included a reference to stabilization in energy prices and this is likely to be removed. On balance, the statement is expected to be fairly neutral.As this weeks meeting will be through and the...

UK CBI sales balance to rise in July

Jul 29, 2015 05:48 am UTC| Commentary

The balance of reported sales dropped sharply to 29 in June from 51 in May. These violent monthly swings vastly exaggerate movements in the underlying trend of sales.The swings are caused by distortions related to the...

Fed wants to follow data-dependant approach

Jul 29, 2015 05:44 am UTC| Commentary

Even if FOMC participants agree that September is a likely timeframe for liftoff, they are unlikely to include any signals in this weeks statement. The Fed has made it clear that it does not want to be locked into any...

UK strong consumer credit growth to continue in June

Jul 29, 2015 05:42 am UTC| Commentary

One striking feature of the UK consumer recovery in this cycle has been the much stronger growth in consumer credit than in mortgage lending.In the early stages of the recovery, this probably reflected caution as consumers...

UK mortgage lending to rebound in June

Jul 29, 2015 05:39 am UTC| Commentary

There remain dangers on the international stage, most particularly the Greek crisis, that seems inadequate as an explanation of the continuing gentle pace of UK mortgage growth."Rather that can be attributed to the tighter...

US pending home sales to remain on an uptrend in June

Jul 29, 2015 05:31 am UTC| Commentary

Available US state and local multiple listing service data suggest that the number of homes entering contract remained on an uptrend in June."Indeed, a 1.1% is expected advance to 113.8 last month would place the National...