Apr 14, 2015 16:22 pm UTC| Commentary
Sterling caught somewhat of a break on Tuesday after area inflation kept from falling below zero, holding flat in March for the second time in as many months. Had the key report that the Bank of England monitors closely to...
Apr 14, 2015 16:21 pm UTC| Commentary
The euro was steady, though with its defensive tone intact. The euro overnight inched closer to its sub $1.05 level that it hit in mid-March, its weakest in a dozen years.At the heart of the euros negative backdrop remain...
Rebound in US retail sales confirms weather distortion to preceding two months data
Apr 14, 2015 15:28 pm UTC| Commentary
The 0.9% m/m rebound in retail sales in March would seem to confirm that the coldest winter on record in the Northeast explains much of the weakness in the preceding two months. Control group retail sales rebounded by a...
Revisions to core retail sales suggests a weaker profile for US consumption in Q1
Apr 14, 2015 15:05 pm UTC| Commentary
US retail sales rose 0.9% m/m in March, slightly below consensus forecasts (1.1% m/m) for a stronger gain. Gasoline station sales accounted for much of the miss at the headline level. Core retail sales were up 0.3% m/m in...
No change to PBOC policy outlook
Apr 14, 2015 06:36 am UTC| Commentary
Chinas exports slowed in Q1, albeit moderately. There were several factors unrelated to the actual strength of Chinas external demand that distorted March data.Together with the expectation for further improvement of...
China Q1 GDP growth to fall to 7%
Apr 14, 2015 06:33 am UTC| Commentary
In light of the modest improvement in the Chinas two manufacturing PMI reports, industrial production (IP) is likely to have bounced back somewhat in March from the surprisingly slow pace of 6.8% yoy and 0.5% mom in the...
Current account balance, not inflation, to be the focus of BI's monetary policy
Apr 14, 2015 06:28 am UTC| Commentary
Indonesias MoM CPI inflation for March was 0.17%, the first positive print of 2015. This was caused primarily by adjustments to administered prices, which led to higher prices for (lowoctane) gasoline, diesel and 12-kg LPG...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects