Euro area HICP inflation to rebound back in July
Jul 26, 2015 22:50 pm UTC| Commentary
We forecast HICP to rebound back to 0.3% y/y in July although the drop in fuel prices most recently means that the risk around this forecast is slightly to the downside (cons 0.2%). Nevertheless, the ECB should be able to...
Preliminary estimate of UK Q2 GDP to show growth accelerating after a relatively subdued Q1
Jul 26, 2015 22:47 pm UTC| Commentary
The preliminary estimate of Q2 GDP is expected to show growth accelerating after a relatively subdued Q1. RBCs forecast is for expansion of 0.6% q/q but the BoE (and consensus) looks for 0.7% q/q. The industrial production...
EMEA: CBR, BoI and CBT to decide policy rates
Jul 26, 2015 22:12 pm UTC| Commentary
Barclays notes:In Russia, we and consensus expect the Bank of Russia (CBR) to slow the pace of easing and lower its policy rate by 50bp to 11% on Friday MPC meeting. At the most recent meeting, the CBR signalled that it...
LatAm: No reasons for Banxico to have a hawkish bias; BCB to deliver 50bp hike
Jul 26, 2015 21:46 pm UTC| Commentary
Barclays notes:Mexican inflation at new all-time lows should weigh on Banxicos decision next week. Despite recent weakness in EM currencies, we find little evidence of a broad FX pass-through and think that Banxico has...
NJA and AUD: USD-Asia crosses moving higher across the board
Jul 26, 2015 21:40 pm UTC| Commentary
USD-Asia crosses have pushed higher over the past two weeks after Fed Chairman Yellen signalled that the FOMC is likely to raise rates later this year. USDKRW, USDSGD and USDTHB have led the move higher in region, and now...
Swedish activity data to test recent SEK weakness
Jul 26, 2015 21:26 pm UTC| Commentary
Swedish activity and confidence data releases in the coming week are expected to steer the path for the SEK, likely confirming a positive economic outlook. Solid retail sales (Tuesday) and the preliminary release of Q2 GDP...
Canadian economy on the brink of recession
Jul 26, 2015 21:06 pm UTC| Commentary
Despite the better-than-expected retail sales print in May (1.0% m/m vs. consensus 0.6%), the ongoing decline in the price of oil and other commodities and the weakness in investment will continue to weigh on the...
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