UK budget deficit trend should continue to improve

Jul 20, 2015 00:26 am UTC| Commentary

The public finances have made a good start to the year. In the first two months of the fiscal year, the cumulative deficit is 5.1bn below the comparable figure a year earlier. Of course it is far too early in the year to...

Spanish unemployment to decline further; look for hints of sustainable improvement

Jul 20, 2015 00:17 am UTC| Commentary

Given the strong economic momentum since the beginning of the year, favourable seasonal factors and, to a lesser extent, some measures implemented by the government since 2011, the Spanish unemployment rate is expected to...

French business confidence to improve in July

Jul 20, 2015 00:07 am UTC| Commentary

The French National Statistical Institute (INSEE) business confidence index for the entire economy is expected to improve from 97 to 98 in July (historical average=100), while the manufacturing index should also increase...

US new and existing home sales for June to release on July 24 and 22

Jul 19, 2015 23:52 pm UTC| Commentary

US new and existing home sales for June will be released on July 24 and 22 and anticipating ongoing strength in home sales despite a small drop in momentum. Existing home sales could well hold in the 5.35m annualized range...

Canada's May retail sales to show a modest rebound from April

Jul 19, 2015 23:38 pm UTC| Commentary

Canadas retail sales for the month of May should show a modest rebound from a soft print in April, and a +0.2% m/m print is expected on headline as a small drop in vehicle sales should drag on the overall level of retail...

US State Budgets For Fiscal 2016 Remain Cautious

Jul 19, 2015 23:25 pm UTC| Commentary

U.S. State Budgets for fiscal 2016 (FY16)1 , in aggregate indicate only moderate spending growth, gradually replenishing priorities such as K-12 Education. This is despite the pick-up in State tax revenue growth to 5.1%...

USD: Housing is in focus this week

Jul 19, 2015 23:13 pm UTC| Commentary

US housing is in focus this week and both existing and pending home sales could best their cycle highs which were reached only last month."We look for June existing home sales up from 5.35mn to 5.40mn (supported by the...