Mexico's industrial growth modest despite decent manufacturing growth

Sep 11, 2015 06:46 am UTC| Commentary

Mexicos trade data suggests that industrial production likely grew by 1.4% yoy as manufacturing continued to expand at the decent pace of 3.9% yoy, although the mining sector decline continues to be a significant drag and...

Softer petroleum quotes likely led US August PPI decline

Sep 11, 2015 06:46 am UTC| Commentary Economy

A petroleum-led drop in wholesale energy quotes, combined with a partial reversal of Julys hike in services costs, probably pared the Producer Price Index for final demand (PPI-fd) by 0.6% in August, reversing a little...

CBR plans to withdraw capital adequacy ratio concessions

Sep 11, 2015 06:42 am UTC| Commentary

Hawkish views have intensified inside Russia, calling for the CBR to lean against probable pass-through on inflation that could intensify with the ruble rout. At the moment, a pause is still expected on 11...

CBR to keep the key rate unchanged

Sep 11, 2015 06:36 am UTC| Commentary

There are two probable scenarios for the Central Bank of Russia rate decision, what the CBR should do and what it might do. At the moment, the choice is not obvious because markets have entered a very volatile...

BoE's inflation expectations to soften

Sep 11, 2015 06:32 am UTC| Commentary Central Banks

The Bank of Englands quarterly survey of inflation expectations asks householders for their expectations at the 1, 2 and 5 year horizons. The Banks belief is that the 5-year expectation is a good measure of the credibility...

Final Spanish inflation to confirm flash estimate at -0.5% yoy

Sep 11, 2015 05:51 am UTC| Commentary

The flash estimate showed that Spanish HICP inflation fell significantly, from 0.0% yoy to -0.5% yoy in August, much lower than either we or the market expected. Any change is not expected in the final Spanish HICP...

Final German HICP inflation to confirm flash estimate at 0.1% yoy

Sep 11, 2015 05:49 am UTC| Commentary

In terms of the details of german data, a drag is expected from the drop in gasoline prices, and that was indeed what was seen in the data, with the energy component cutting 15 bp from the headline reading. The food...