Asia mimics wall street rally before FOMC; Kiwi drops after GDP data
Sep 17, 2015 02:45 am UTC| Commentary
Asian stocks swung higher after US markets closed with solid gains on Wednesday. Investors now await the much-anticipated Federal Open Market Committee (FOMC) statement, which may or may not see US interest rates increased...
UK headline ILO unemployment rate dropped to 5.5% in July
Sep 17, 2015 02:23 am UTC| Commentary
The UK headline ILO unemployment rate dropped to 5.5% in July, against the consensus expectations of a steady rate of 5.6%. Total unemployment dropped by 29k from June and growth in unemployment decelerated by 15k to 10k...
Canadian manufacturing sales extend gains in July
Sep 17, 2015 01:56 am UTC| Commentary
Canadian manufacturing sales kicked off the third quarter on a high note, rising by 1.7% in July. This marks the third consecutive gain in manufacturing activity, with the previous two months having been revised higher....
Russia's private consumption is set to improve, but only for a short time
Sep 16, 2015 23:29 pm UTC| Commentary
The intense depreciation of the ruble in August (weakening nearly 14% against the USD) and early signs that FX was boosting inflation reminded of late 2014 when households spent a remarkable portion of their ruble savings,...
US August CPI printed right in line with expectations
Sep 16, 2015 22:43 pm UTC| Commentary
US August CPI printed right in line with expectations both on the headline and core measures. In the context of much talk that inflation is what could hold back the Fed from hiking tomorrow."Our US strategists point out...
Canada's manufacturing sales beat expectations in July
Sep 16, 2015 22:11 pm UTC| Commentary
Canadas July manufacturing sales beat expectations (1.7%m/m vs. est. 1.1%) and details were firm as well. In volume terms, sales were up a decent 1.1%, and gains were fairly broad with 12/21 industries showing higher sales...
UK labour report was stronger than anticipated
Sep 16, 2015 21:58 pm UTC| Commentary
The UK labour report was stronger than anticipated with the u-rate falling to 5.5% (5.6% expected), employment growth picking up 42k in the last 3 months, and perhaps most importantly, avg. earnings up 2.9% 3m/y, including...
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