Brazil's escalating upside risk to the near- and medium-term inflation outlook

Jul 01, 2015 06:07 am UTC| Commentary

Brazils inflation acceleration continued in Q2 despite the likelihood that adjustments to the prices of regulated goods and services are nearly over. The bulk of the upside surprise in May and June was driven by a...

UK all three PMIs expected to rise

Jul 01, 2015 06:07 am UTC| Commentary

The set of UK PMIs is very much a mixed bag.The most straightforward is the manufacturing survey which shows a clear cooling of growth since last summer, corroborated by the official data."We expect little movement in this...

Final manufacturing PMI indicates euro area Q2 growth likely at 0.4% QoQ

Jul 01, 2015 06:01 am UTC| Commentary

The flash euro area manufacturing PMI, released last week, increased from 52.2 in May to 52.5 in June, as expected. This indicates that the manufacturing sector expanded at its fastest rate since April last year - taking...

Australia's trade balance to bounce back from blow-out deficit

Jul 01, 2015 05:59 am UTC| Commentary

The drastic AUD 2.7bn deterioration in Australias trade balance in April was driven by a slump in export values as well as a surge in imports. Both are expected to have reversed in May.On the import side we already have...

US manufacturing ISM to post second consecutive increase

Jul 01, 2015 05:31 am UTC| Commentary

US factory activity appears to have stabilized after slowing sharply at the start of the year. The manufacturing ISM reached a low point in March/April and began to reverse the earlier weakness in May.Three factors held...

PHP July seasonality too good to be true?

Jul 01, 2015 05:05 am UTC| Commentary

The historical chances of a PHP rally in July look good. Over the past 10 years, the PHP has rallied 8 out of 10 times in July with an average appreciation of 1.2%.The key is overseas remittance inflows related to school...

Korea weak shipment trend extends into June

Jul 01, 2015 05:02 am UTC| Commentary

Koreas exports fell 1.8% y/y in June, broadly in line with consensus (-2%). Although the decline was less severe than the contraction in May (-11%) and April (-8%), the June drop means that H1 exports fell 5% (Q2: -6.9%;...