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...
Mexico CPI slightly higher than expected but still below target
Jun 24, 2015 14:53 pm UTC| Commentary
Mexico CPI increased 0.13% 2w/2w in the first fortnight of June, mainly explained by higher core prices (consensus: 0.10%) due to a strong core food inflation and price increases in perishable goods (tomato). In annual...
U.S. GDP final revision shows economy fared a little better in Q1
Jun 24, 2015 14:23 pm UTC| Commentary
The U.S. economy fared a little better (or less worse) in the first quarter than previously thought, though it still contracted slightly at a 0.2% annualized rate (revised from -0.7%). Final sales were revised higher...