U.S. economy gathering steam, rate hikes ahead
Jun 24, 2015 17:24 pm UTC| Commentary
Despite a disappointing start to the year, evidence is building that the U.S. economy has shaken off the first quarter slump. More importantly for the Fed, the labor market is expected to continue to make progress. There...
US Q1 GDP revised modestly upward on stronger consumption and investment
Jun 24, 2015 16:18 pm UTC| Commentary
The BEAs third estimate of Q1 GDP revised growth higher to -0.2% q/q saar from -0.7% in the second estimate, in line with consensus expectations (both -0.2%) heading into the report. Personal consumption was revised higher...
Mexico IGAE index moving up despite a lackluster industrial sector
Jun 24, 2015 16:09 pm UTC| Commentary
Mexicos GDP proxy (IGAE index) increased 2.1% y/y in April as the economy expanded 0.7% m/m due to positive performance in the primary and services sectors. This last one, most likely pushed by the strong manufacturing...
Jun 24, 2015 15:55 pm UTC| Commentary
Western Union notes:Americas smaller first quarter contraction was largely met with a yawn by markets, old news with the end of the current quarter in sight. Still, the upgrade spoke better about the economys underlying...
Jun 24, 2015 15:55 pm UTC| Commentary
Western Union notes:The loonie eked out a gain thanks to a rebound in oil to above $60. Canadas unit remained in negative territory on the week, however, with the big dollar to the south buoyed by growing expectations for...
Jun 24, 2015 15:54 pm UTC| Commentary
Western Union notes:Sterling was on a mixed footing, still in the red for the week against the dollar, but holding near multi-year peaks overall.Rising wages in Britain have some starting to pencil in the possibility of a...
Jun 24, 2015 15:54 pm UTC| Commentary
Western Union notes:The euro got carried above two-week lows as markets grew nervous over prospects of Greece clinching an imminent deal for more rescue cash. Greeces creditors reportedly shot down Athens latest proposal...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
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Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight