U.S. merchant wholesalers’ stocks probably jumped in July

Sep 07, 2015 05:21 am UTC| Commentary

The U.S. wholesale inventories data for July is scheduled to release on 10th September. Led by a demand-induced jump in motor vehicles stocks, the nominal value of merchant wholesalers inventories likely climbed by 1.3% in...

Dovish MPC to support recent GBP weakness

Sep 07, 2015 05:20 am UTC| Commentary

Sterling has been one of the poorest performing G10 currencies since the BoE 6 August Inflation Report. The currency has depreciated about 2% against the USD and 3.6% against the EUR, with only the NZD and AUD weakening...

U.S. import price declines likely quickened in August

Sep 07, 2015 05:13 am UTC| Commentary

Widespread reductions is foreign product costs probably pared the U.S. Import Price Index (IPI) by 1.6% in August, following a 0.9% decline in July. The imported petroleum quotes likely plunged by an additional 9.9% during...

BoC likely to keep rates unchanged

Sep 07, 2015 05:12 am UTC| Commentary

The effects of low oil prices are still being felt on Canadian economy, which officially slid into recession in Q2. Despite decent behavior of consumption and a still-resilient labor market, which will likely be...

RBNZ to cut rate again

Sep 07, 2015 04:56 am UTC| Commentary Central Banks

The RBNZ is expected to lower its growth forecasts in the accompanying Monetary Policy Statement and foreshadow a further rate cut in its profile for the short-term interest rate. The RBNZ is likely to cut the cash rate...

U.S. consumer credit growth probably accelerated further in July

Sep 07, 2015 04:52 am UTC| Commentary

The U.S. consumer credit data is scheduled to release on 8th September. Powered by a projected pickup in the nominal value of revolving loans outstanding, consumer installment credit likely jumped by $22.1 billion in July...

Sweden inflation to remain stable

Sep 07, 2015 04:51 am UTC| Commentary

The SEK further unwound some of its recent weakness as the Riksbank kept policy unchanged at -0.35% last week. Inflation data and the release of TNS Sifo Prospera survey on inflation expectations will be the markets main...