U.S-University of Michigan Consumer Sentiment (July )

Jul 17, 2015 16:44 pm UTC| Commentary

Given all of the worrying headlines of late, as well as the wild gyrations in equity markets, it shouldnt come as a shock that U.S. consumer sentiment (as measured by the U of Michigan) fell in the first half of July....

Canadian headline inflation remains subdued in June

Jul 17, 2015 16:23 pm UTC| Commentary

The Canadian headline consumer price index rose by 1.0% year-over-year in June, following a 0.9% showing in May. The Bank of Canadas core measure (which excludes the eight most volatile components) rose 2.3% relative to...

US inflation rises at a healthy pace in June

Jul 17, 2015 16:11 pm UTC| Commentary

CPI inflation reported another strong increase in June as food, energy and core component prices all made positive contributions. Total CPI rose 0.3% m/m, in line with the consensus and expectations. Core CPI was up 0.2%...

Grexit risks have subsided for now

Jul 17, 2015 15:48 pm UTC| Commentary

Marathon talks last weekend eventually produced an agreement on reform measures to be undertaken by Greece in exchange for a temporary bridging loan and eventually a third bailout. The 7bn bridging loan will enable Greece...

MPC minutes and retail sales are the key domestic focus next week

Jul 17, 2015 15:26 pm UTC| Commentary

Although the MPC appears to be leaning towards a more hawkish stance, the minutes of the July meeting (Wed) will probably still show unanimity to keep policy unchanged, not least because the meeting took place amid global...

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...