China drags preliminary global manufacturing confidence lower in September

Sep 23, 2015 18:52 pm UTC| Commentary

Global new orders tentatively eased to -0.62 (from -0.59), the lowest since May 2013, driven mainly by China. Global inventories rose for the first time in four months. Consequently, forward-looking new orders less...

Mexico's retail sales maintains a solid pace

Sep 23, 2015 16:40 pm UTC| Commentary

Mexicos retail sales increased 0.5% m/m sa in July as a result of the expansion in food, hardware and apparel sales partially offset by lower supermarket, domestic equipment and paper and entertainment sales. In annual...

Steel prices key for AUD in Q4

Sep 23, 2015 16:25 pm UTC| Commentary

As the dust settles from the Feds "dovish hold", attention turns back to China, especially in the context of its influence on the AUD. It is often argued that steel prices provide the best metric of Chinas underlying...

China weakness could postpone Fed rate hike

Sep 23, 2015 16:16 pm UTC| Commentary

A significant slide in a preliminary measure of Chinas factory activity for September is getting more attention than usual because Janet Yellen mentioned concern about Chinas economic outlook as a reason for Fed caution....

US Markit manufacturing PMI unchanged in September flash

Sep 23, 2015 15:46 pm UTC| Commentary

The Markit manufacturing PMI was unchanged at 53.0 in the September flash estimate, printing slightly above consensus expectations (52.8) for a modest decline. Output improved modestly to 54.3 on the month (previous: 53.8)...

Canadian retail sales rises for the third consecutive month in July

Sep 23, 2015 15:44 pm UTC| Commentary

Canadian retail sales rose 0.5 % m/m in July, following a downwardly revised increase of 0.4% last month. This was slightly below the median consensus forecast calling for a 0.7% increase. Julys advance was largely due to...

Is eurozone immune against EM weakness?

Sep 23, 2015 09:39 am UTC| Commentary

The euro-zone economy is still on a moderate growth path as Purchasing Managers Index indicates. At the same time, global demand weakness is dampening the economy in the industrial countries. The euro area Purchasing...