Canadian Inflation Closer to 2% in September after Summer Spike
Highlights: CPI inflation dropped to 2.2% in September year-over-year from 2.8% in August. Market expectations were for a more gradual slowing to 2.7%. The year-over-year increase in the transportation component slowed to an eight-month low as gasoline and airfare prices...
Canadian August Retail Sales Decline
Highlights: Retail sales dropped 0.1% in the month with the volumes measure down a greater 0.3% The nominal decline reflected gasoline station sales dropping 2.0% moderated by motor vehicle sales rising 0.8%. Excluding these two components, sales dropped 0.1% following...
Chinese Economic Growth Slows to Weakest Pace in Almost a Decade
Chinese real gross domestic product (GDP) rose by 6.5% (year-on-year) in the third quarter of 2018, a touch weaker than the consensus expectation for a 6.6% advance. This is down from a 6.7% advance in the second quarter, and marks...
CAD Plummets on Disappointing Retail Sales and Weak Inflation
Canadian inflation slowed significantly last month as temporary factors that lifted the cost of gas and air travel dissipated. Canada’s CPI climbed +2.2% y/y, following a +2.8% increase in August and a +3% climb in July. The market was looking...
DAX Slide Continues On Italy Budget Crisis
The DAX index continues to lose ground on Friday, after sharp losses in the past two sessions. Currently, the index is at 11,552, down 0.32% on the day. The index has given up the strong gains which it recorded early...
Sell-Off Continues
Sell-off continues The stock market sell-off remains centred in developed economies. The Euro Stoxx 600 was down 0.42%, driven by Brexit deadlock and growing confrontation between the EU executive and the Italian populist coalition over the latter’s 2019 spending plan....
Could China’s Q3 GDP Growth Tell Us More about the Impact of US Tariffs?
China is due to report GDP growth for the third quarter on Friday at 0200 GMT alongside figures on industrial production, retail sales and fixed asset investment. While it is relatively early to identify tariff consequences from the ongoing US-Sino trade war, analysts believe that the world’s...
USD/CNH Could Hit 7.00 with Chinese GDP in Focus
Sentiment towards China continues to deteriorate. The number one worry for investors is the slowing down of Chinese economic growth owing to the ongoing trade dispute between China and the US. These concerns are reflected in Chinese stock markets, with...
USD Better Bid Amid FOMC Minutes, Will It Last?
FOMC minutes trigger USD rally As broadly expected the minutes of September’s FOMC minutes were extremely boring and didn’t add much information. However, looking at the market’s reaction, and especially at the USD rally that followed the publication of the...
EUR/USD – Lack Of Eurozone Data Leaves Euro Yawning
EUR/USD is steady in the Thursday session, after recording considerable losses on Wednesday. Currently, the pair is trading at 1.1523, up 0.20% on the day. On the release front, there are no major eurozone indicators. German WPI gained 0.4%, matching...
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