US Q3 GDP tracking 1.6% after advance August trade data
Sep 29, 2015 15:49 pm UTC| Commentary
The Census Bureaus new report on international trade in goods for August showed a sharp widening in the nominal goods deficit. Nominal goods exports are estimated to have declined 3.5% m/m, while imports rose 1.8% m/m....
US consumer confidence rises further in September
Sep 29, 2015 15:44 pm UTC| Commentary
The Conference Boards index of consumer confidence came in well above expectations in September, posting a modest advance on the month against forecast (98.0) and consensus expectations (97.0) for a decline. The headline...
US home prices decline further in July
Sep 29, 2015 15:41 pm UTC| Commentary
The SP/Case-Shiller 20-City Home Price Index fell for the third month running in July. Home prices declined 0.2% m/m, below forecast (0.0%) and consensus (+0.1%) expectations. The y/y rate of appreciation picked up...
More QE not as simple as it sounds for ECB
Sep 29, 2015 12:31 pm UTC| Commentary Central Banks
In relative terms, the ECBs current quantitative easing programme appears modest. Whilst the BoJs total asset purchases equate to 64% of GDP, and the Feds 25%, current asset purchases in the Eurozone amount to around 11%...
EC survey strengthens, but still points to slow growth
Sep 29, 2015 12:19 pm UTC| Commentary
Septembers EC business and consumer survey suggests that the economic recovery maintained its pace in Q3. But growth was still fairly slow, therefore, the ECB is expected to increase its stimulus to provide a further boost...
U.K. mortgage approvals on high while consumer credit eases
Sep 29, 2015 11:16 am UTC| Commentary
Mortgage approvals in U.K. shot up to their highest level since January 2014 at 71.0k, following an upwardly revised print of 69.0k in July. Net lending secured on dwellings also picked up materially to 3.4bn (from an...
Platinum currently at lowest ever level against gold
Sep 29, 2015 09:37 am UTC| Commentary
Platinum and palladium are under even more pressure than gold and shed a good 3% and over 2% respectively yesterday. The downswing is continuing this morning: platinum has dropped in price below $900 per troy ounce,...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects