U.S. Housing Starts & Building Permits, Consumer Prices (June)
Jul 17, 2015 15:21 pm UTC| Commentary
Construction should be adding some sturdy support to 2nd quarter growth in the U.S., and signs that inflation is flickering should help the Feds case to start normalizing rates this fall. And, as Fed Chair Yellen stated,...
U.S. Data Release: Consumer Price Index (June 2015)
Jul 17, 2015 14:44 pm UTC| Commentary
Consumer prices rose 0.3% (month-over-month) in June, on par with expectations. Core CPI (excluding food and energy) was up 0.2%, also in line with the consensus estimate. On a year-over-year basis, overall consumer...
US Q2 GDP tracking 3.2% after June CPI and housing starts
Jul 17, 2015 14:34 pm UTC| Commentary
Housing Starts Total US housing starts rose solidly in June, following a surge in permits last month. Total starts rose 9.8% m/m, to 1.174mn units, slightly higher than above-consensus forecast of 1.114mn (consensus...
Euro July Flash PMI's to remain unchanged or slightly up
Jul 17, 2015 11:09 am UTC| Commentary
Euro Areas consumer confidence will be published on Thursday and flash PMIs on Friday, both for July. No big moves are expected for the PMIs, and if anything slightly up."A bridge loan will permit Greece to pay back to the...
Mexico likely to post growth rate around 2.2% y/y in 2015
Jul 17, 2015 10:10 am UTC| Commentary
In the year to date, Mexicos industrial production has decreased 0.5%, dragged down by a contraction of 4.9% in oil and gas production and a 1.7% decrease in construction activities. Whereas, manufacturing has grown 1.3%,...
US home purchases at post-crisis high
Jul 17, 2015 09:41 am UTC| Commentary
In a week lacking in US indicators, it is assumed the market will mainly look at existing home sales. These are registered when the transaction is concluded and exhibit a slight lag behind "pending" home sales, which are...
Weaker global demand to dampen Eurozone's growth?
Jul 17, 2015 09:37 am UTC| Commentary
The euro zone economy shifted up a gear in autumn 2014, stimulated by the notable depreciation of the euro and the slide in energy prices. Since then it has grown at a rate of 0.4% per quarter. In the coming months,...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects