US CPI inflation set to have remained close to zero in April
May 21, 2015 17:49 pm UTC| Commentary
A drop back in seasonally adjusted gasoline prices means that U.S. headline CPI inflation (13.30 BST) probably remained close to zero in April. But the more recent rebound in crude oil prices suggests that retail gasoline...
BoJ probably won’t act today, but is set to increase stimulus in Oct
May 21, 2015 17:32 pm UTC| Commentary
The Bank of Japan will almost certainly leave policy settings unchanged today, and the apparent strength of Q1 GDP suggests that an expansion of asset purchases at the Banks July meeting is off the table."We remain...
There is fundamental support for U.S. housing
May 21, 2015 17:27 pm UTC| Commentary
U.S. existing home sales fell 3.3% in April to 5.04 mln units annualized, the first decline since January and the lowest in two months. It bears repeating that the move is a little surprising, given that there have been...
Riksbank policy easing will need to be more aggressive
May 21, 2015 17:20 pm UTC| Commentary
The Riksbanks third round of government bond buying got underway today. But it is unlikely that the programme will be enough to prevent the krona from appreciating and thereby depressing inflation.A key worry for the...
Services sector is supporting Mexico's economic growth
May 21, 2015 16:55 pm UTC| Commentary
The Mexican economy grew 0.4% q/q sa on the back of a good services performance (0.5%). This was partially offset by the expected contraction in industrial activities (-0.2%). In annual terms, the economy grew 2.5% y/y....
Fewer Americans are claiming unemployment benefits
May 21, 2015 16:43 pm UTC| Commentary
U.S. initial claims rose 10k in the week of May 16th to 274k, which was more than expected and the highest level in a month. And, of course, this covers the survey week for payrolls.However, the week-to-week moves should...
May 21, 2015 16:08 pm UTC| Commentary
U.S. jobless claims rose a little more than expected in the latest period but broader gauges of joblessness brightened which augurs better for the dollar. Headline jobless claims rose 10,000 to 274,000 but that marked the...
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