Apr 14, 2015 21:48 pm UTC| Commentary
UK CPI came in as expected at 0.0% y/y. Slightly higher average petrol prices in March were offset by lower utility bills from gas price cuts. RPI was a touch softer at 0.9% y/y (cons: 1.0%).UK Economist notes that todays...
US March retail sales weaker than expected
Apr 14, 2015 21:39 pm UTC| Commentary
March retail sales were weaker than expected with the headline figure printing 0.9% m/m (est. 1.1%) and the control group at 0.3% m/m (est. 0.5%) with a downward revision to the prior month (to -0.2% from 0.0%).It was...
Renminbi is now trading close to its true market value
Apr 14, 2015 18:43 pm UTC| Commentary
Data released on Tuesday showed a slowdown in credit issuance last month. But the same seasonal factors that weighed on exports last month probably account for the slowdown. Capital Economics expects a rebound in April.The...
China’s GDP set to have slipped slightly below 7.0% y/y in Q1
Apr 14, 2015 18:37 pm UTC| Commentary
China PMI readings for March, although mixed, suggest that momentum in industry remains weak. This, along with a stronger base for comparison, should have kept industrial output growth (due at 03.00 BST) on a downward...
Rebound in retail sales not as strong as expected
Apr 14, 2015 18:30 pm UTC| Commentary
The trend in US retail sales over the past three months has been extremely weak when looking at it in nominal terms but some of this weakness is caused by significant deflation in goods prices. Real retail sales (deflated...
Drop in US oil price is due to an abundance of new supplies
Apr 14, 2015 18:25 pm UTC| Commentary
Although demand for oil has softened, the precipitous drop in oil prices is not due to widespread economic deterioration but to an abundance of new supplies resulting from fracking and shale drilling.The latest report from...
BoC likely on hold at April meet, but downside economic risks brewing
Apr 14, 2015 18:06 pm UTC| Commentary
The biggest issue for BoC policy is determining the hit from weaker oil prices, and the offsetting boost from a fallen C$/stronger US. Governor Poloz recently stated he expects front-loaded weakness and solid growth later...
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