Recent Blogs

FILTER POSTS

Category

Archive

Japanese flash PMIs slip into contractionary territory

Chris Scicluna
Emily Nicol
  • Underlying price pressures continue to broaden in Japan, with the trimmed mean CPI rising to the highest since the series began in 2001
  • Europe’s flash PMIs seem likely to signal increasing recession risks, while the Commission’s flash consumer confidence is likely to remain close to or at record low

Categories : 

ECB meeting account to provide further insights into debate on rates

Chris Scicluna
Emily Nicol
  • Powell’s Jackson Hole speech to give opportunity for an updated Fed policy signal 
  • Flash PMIs (tomorrow) likely to flag rising recession risks in the euro area and UK as concerns about high energy prices and other cost pressures take their toll; Japanese indices likely to remain subdued

Categories : 

UK CPI inflation hits double-digits in July

Chris Scicluna
Emily Nicol
  • Japan’s nominal trade deficit hit a series high in July as higher prices of fuel and other imported items continued to dominate; Reuters Tankan survey points to modest improvement in Japanese business sentiment in August
  • Updated euro area GDP figures this morning likely to confirm the flash estimate of growth of 0.7%Q/Q in Q2, while employment is set to rise for the fifth consecutive quarter
  • Focus in the US will be on July retail sales figures ahead of the release of the Fed’s minutes from the end-July policy meeting

Categories : 

UK real pay falls at record rate

Chris Scicluna
Emily Nicol
  • UK labour market tightness eases only slightly with unemployment rate and redundancies still very low
  • While Japanese services firms were boosted by increased opportunities to spend in Q2, today’s tertiary activity figures suggested a slowdown in the sector at the end of the quarter

Categories : 

Japanese GDP returns to growth in Q2

Chris Scicluna
Emily Nicol
  • China’s economic activity data for July miss expectations, with particular weakness in retail sales and property investment amid ongoing falls in home prices prompting surprise rate cut from the PBoC
  • UK inflation set to reach a new high close to 10%Y/Y (Wednesday) amid tight labour market (tomorrow) despite ongoing weakness in retail sales and extremely weak consumer confidence (Friday)
  • Wednesday will be the main focus in the US, with retail sales data and the latest Fed minutes due

Categories :