Economic development in line with ECB’s June projections
Jul 15, 2015 05:07 am UTC| Commentary
At the recent ECB meeting in June, Draghi argued that the monetary policy measures have contributed to a broad-based easing in financial conditions, a recovery in inflation expectations and more favourable borrowing...
Brazil's retail consumption may continue falling
Jul 15, 2015 05:02 am UTC| Commentary
Brazils retail sales for May surprised on the downside, contracting 0.9% m/m sa (-4.5% y/y) from a downwardly revised 0.5% drop in April (previous: 0.4%) and accumulating a drop of 2.0% year-to-date. The broad retail sales...
US NFIB June survey to end the encouraging trend?
Jul 15, 2015 04:58 am UTC| Commentary
The NFIBs small business optimism index tumbled by 4.2 points in June to 94.1, the lowest reading in more than a yearThis was an unexpectedly weak report, running contrary to Junes performance of consumer confidence and...
Greek deal turns Fed focus back to domestic data
Jul 15, 2015 04:50 am UTC| Commentary
The long-held view has been that the Fed would deliver the first Fed funds rate hike in September this year. This view is based on expectation that US GDP growth should be in the 2.5-3.0% range in the current and coming...
Daily Economic Outlook: 15th, July
Jul 15, 2015 04:39 am UTC| Commentary
Recent months have seen some signs of a slowdown in labour market activity. Employment growth has eased from a quarterly average of 225k in each of the first three months of the year, to 114k in the quarter to April, while...
Japan's wage and price data to remain key for BOJ's monetary policy
Jul 15, 2015 03:54 am UTC| Commentary Central Banks
Considering that there are signs of wage growth even at smaller firms in Japan, as defined in the Ministry of Health, Labor and Welfares Monthly Labor Survey, a rise in wages and prices for services starting this summer...
A new chapter of hope for Iran
Jul 15, 2015 03:48 am UTC| Commentary
The accord seeks to end nearly 12 years of nuclear disputes between Iran and the western powers led by the US. The full details of the deal are not yet known, but it would mean tough new curbs on Irans nuclear programme in...