Brazil's Industrial production to fall at substantial pace in Q2
Jul 02, 2015 05:12 am UTC| Commentary
Assuming the same IP rate sustains as per first four months for the rest of the year, Brazils supply side economic activity index should fall by -1.5% in 2015. However, year-to-date economic activity has collapsed slightly...
Brazil's inflation trending upward on fundamentals
Jul 02, 2015 05:05 am UTC| Commentary
Inflation has been on an upward trajectory since 2009 (for a number of structural reasons - labour market rigidities and low productivity growth, low domestic savings and fiscal profligacy).Even after assuming that real...
UK Markit construction PMI to rise
Jul 02, 2015 05:00 am UTC| Commentary
UK construction PMI peaked at a high level in 2014, driven by a surge in housing construction. That has cooled, as has the temporary surge in infrastructure constructionfuelled by a need to rebuild flood defences in parts...
Australia's Q2 net exports to be considerably less favourable
Jul 02, 2015 04:46 am UTC| Commentary
Australias trade deficit narrowed to $2.8bn in May, from a revised $4.1bn deficit in April. For the June quarter, the trade deficit could approach $10bn.That would be a more than $5bn deterioration on a $4.5bn deficit for...
U.S. manufacturing index indicates stronger domestic spending
Jul 02, 2015 04:40 am UTC| Commentary
After decelerating considerably from its 2014 average of 55.7, U.S. manufacturing is showing signs of life again with two consecutive monthly gains.General improvement in U.S. manufacturing reflects stronger domestic...
No changes likely to ELA for Greece
Jul 02, 2015 04:36 am UTC| Commentary
First, the ECB will discuss the level of emergency lending to Greek banks today and may reassess the haircuts it imposes on Greek bank collateral in exchange forfunds. No changes are likely.Second, without a bailout...
US June auto sales tally caps off best quarter for new sales
Jul 02, 2015 04:28 am UTC| Commentary
Although the level of sales came down a notch from a monster May, Junes tally is nothing to sneer at. Both the University of Michigans and the Conference Boards consumer confidence indices surged in June, leading buyers...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects