Apr 23, 2015 17:19 pm UTC| Commentary
Sterling squandered a five-week high and briefly surrendered $1.50 against the dollar after U.K. consumers unexpectedly misplaced their wallets in March. Retail sales unexpectedly fell 0.5 percent last month compared to...
Apr 23, 2015 17:18 pm UTC| Commentary
Euro gains against the pound buoyed it against the greenback. The fundamental backdrop in Europe though grew a little weaker in disappointing manufacturing surveys which should limit gains for the euro.Many appear to be...
Global economy has made a disappointing start to 2015
Apr 23, 2015 16:12 pm UTC| Commentary
Business surveys released today suggest that the worlds four largest economies slowed in April. But global growth has not collapsed.The US Markit manufacturing PMI fell in April, possibly reflecting the headwind from the...
Mexico inflation can absorb additional MXN depreciation
Apr 23, 2015 15:49 pm UTC| Commentary
Mexico CPI decreased 0.45% 2w/2w in the first fortnight of April, owing to the seasonal adjustment of electricity tariffs and a reduction in tourism services. The surprise came from additional price declines in perishable...
Pace is sluggish but the trend in U.S. new home sales is still higher
Apr 23, 2015 15:32 pm UTC| Commentary
U.S. new home sales took a dive last month. The worse-than-expected 11.4% drop to 481,000 annualized units (lowest in four months) was the largest % decline since July 2013. The March drop follows three consecutive monthly...
IGAE report confirms that the Mexican economy decelerated in Q1
Apr 23, 2015 15:11 pm UTC| Commentary
The Mexican economy did not grow in February as the GDP proxy for this month reported 0.0% m/m sa, driven by a very timid expansion in industrial activities and no growth in the services sector."We are expecting IP to have...
Euro area PMIs provide evidence of still fragile growth
Apr 23, 2015 08:53 am UTC| Commentary
The Composite Purchasing Manager Index (PMI) fell in April underlining that the growth momentum in the Euro area still is fragile. Confidence both in the services sector and the manufacturing sector dropped. The weaker...
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