US Q2 GDP likely to grow at 2.4% yoy
Jul 15, 2015 06:31 am UTC| Commentary
US retail sales fell 0.3% m/m in June. Revisions to the month prior were also negative, taking the headline reading down to +1.0% m/m (originally reported as +1.2% m/m).From the Feds perspective, this mornings figures run...
Yellen’s testimony could give details on Fed lift-off timing
Jul 15, 2015 06:13 am UTC| Commentary
Todays main US event is Fed Chair Yellens testimony to the House Financial Services Committee where her text and QA session will be closely scrutinised for the timing of the first rate hike. Her views of global risks...
Poland CPI likely increased in June
Jul 15, 2015 06:11 am UTC| Commentary
Polands CPI inflation registered -0.9% in May is expected to increase in June as transport and food prices are likely to increase.Societe Generale estimates that deflation in June eased to -0.7% yoy from -0.9% in May. In...
Brazil's GDP growth rate likely to fall in 2015 but small recovery in 2016
Jul 15, 2015 05:59 am UTC| Commentary
There is a sharp decline in Brazils industrial production to -8.9% yoy in May. Due to the fall in industrial production, Societe Generale projects the overall supplyside contraction of -3.7% yoy in May, and estimates the...
Market impact likely to be very limited on the ECB toolbox
Jul 15, 2015 05:46 am UTC| Commentary
Tenyear Bund yields and periphery spreads are currently around the same level as before the Greek referendum was called on 26 June. "As both policy and communication about the policy outlook are expected to be unchanged...
UK total earnings growth to rise strongly
Jul 15, 2015 05:40 am UTC| Commentary
There is a clear picture emerging in the UK claimant data of a cooling of the downward trend in unemployment and that might soon manifest itself in the LFS data as well.The LFS unemployment rate should continue on its...
Nuclear deal paves way for return of Iran oil
Jul 15, 2015 05:25 am UTC| Commentary
Earlier today, Iran and the so-called P5+1 group of countries (China, France, Russia, the UK and US + Germany) agreed on a Joint Comprehensive Plan of Action (JCOA) set to constrain Irans nuclear programme in return for...
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