Plunging pump prices probably left US retail sales marginally in the red in September

Oct 13, 2015 16:50 pm UTC| Commentary

A tug of war between a price-led drop in gasoline purchases and stepped-up consumer outlays on other goods and restaurant meals probably left retail and food services sales 0.1% lower in September, after a modest 0.2%...

Drop in German ZEW adds to signs of slowdown

Oct 13, 2015 16:30 pm UTC| Commentary

Octobers German ZEW survey confirms that concerns over the global environment and the scandal at Volkswagen are taking a toll on investor confidence, which might affect economic activity in the months ahead. The drop in...

China trade stumbles raising global growth uncertainty

Oct 13, 2015 16:07 pm UTC| Commentary

Lets hope that Chinas Central Bank (PboC) has its own Mario Draghi to do "whatever it takes" to bolster its weakening economy. Chinese imports fell 20.4 percent in September on a year over year basis while its exports fell...

UK Inflation to dip further into negative territory in October

Oct 13, 2015 16:02 pm UTC| Commentary

Given that both consumer and producer price data came in again largely in line with the forecast and consistent with the view that underlying inflation pressures are yet to intensify, its been only adjusted slightly to...

NFIB US small business optimism remains strong in September

Oct 13, 2015 15:41 pm UTC| Commentary

The National Federation of Independent Business (NFIB) index of small business optimism edged up to 96.1 in September (previous: 95.9), above consensus expectations for a modest decline to 95.5. The details of the...

BoE's rate hike likely in February 2016

Oct 13, 2015 11:05 am UTC| Commentary

U.K. was back in deflation in September as CPI inflation declined to -0.1% y/y from 0.0% y/y in August. Core inflation was unchanged at 1.0% y/y in September (Danske Bank: 1.1% y/y, consensus: 1.1% y/y). The expected...

China imports record amount of soybeans in the just finished crop year 2014/15

Oct 13, 2015 09:47 am UTC| Commentary

Following the slight downward revision of the anticipated US crop by the US Department of Agriculture (USDA), the soybean price is now also finding support from another quarter, China reported September soybean imports of...