In one line: Tokyo inflation cools, thanks to restart of energy subsidies
Duncan WrigleyGlobal
- US - Consumption looks vulnerable to the looming real-income shock
- EUROZONE - SNB shies away from negative rates for now; EZ PMI holds steady
- UK - Week in review: an August cut to Bank Rate looking more likely
- CHINA+ - Japanese auto exports bear the brunt of US tariff hikes
- EM ASIA - BSP, rightly unfazed by oil prices, leaves door open to two more cuts
- LATAM - COPOM surprises with a final hike and signals a prolonged pause
ian shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: Solid start to Q2, but consumption faces headwinds.
Andrés Abadía (Chief LatAm Economist)Global
In one line: Stuck in the mud, but also underestimating growth.
Claus Vistesen (Chief Eurozone Economist)Global
In one line: Japan’s GDP shrinks for the first time in a year, reinforcing the BoJ's wait-and-see stance.
Kelvin Lam (Senior China+ Economist)Global
In one line: Japan's core inflation surprised on the upside, but unlikely to sway BoJ into hiking mode
Kelvin Lam (Senior China+ Economist)Global
In one line: BoJ slowed tapering pace for next fiscal year but stood pat on policy rates in June
Kelvin Lam (Senior China+ Economist)Global
In one line: BoJ slowed tapering pace for next fiscal year but stood pat on policy rates in June
Kelvin Lam (Senior China+ Economist)Global
In one line: We were wrong; SNB opts for another small cut.
Melanie Debono (Senior Eurozone Economist)Global
- In one line: Rightly unfazed, for now, by the upswing in oil prices.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: COPOM surprises with a 25bp hike but signals a pause.
Andrés Abadía (Chief LatAm Economist)Global
In one line: A September cut is still on, but the ECB will end up regretting it.
Claus Vistesen (Chief Eurozone Economist)Global
- In one line: Sticking to the gradualist approach, for now.
Miguel Chanco (Chief EM Asia Economist)Global
- US - Expect payback for May’s below-trend rise in the CPI over the summer
- EUROZONE - Jumbo cut from SNB incoming; EURUSD rally should peter out
- UK - MPC preview: on hold, but more open to a cut in August
- CHINA+ -China’s productivity opportunity can cushion demographic pressure
- EM ASIA - Malaysian retail sales remain weak, but high debt is no major worry
- LATAM - Mexico’s inflation rises again in May; Banxico to ease cautiously
ian shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: No signs yet of food disinflation stabilising.
Miguel Chanco (Chief EM Asia Economist)Global
- US - Mr. Trump is right; the labor market will need substantial Fed easing soon
- EUROZONE - Irish distortions return; we revise down our Q2 EZ GDP forecast
- UK - CPI preview: we still think May inflation will match the MPC’s call
- CHINA+ - China’s residential market enjoying only a modest boost
- EM ASIA - RBI’s surprise front-loading of cuts doesn’t mark the finish line
- LATAM - Uncertainty and caution behind Mexico’s faltering domestic demand
ian shepherdson (Chief Economist, Chairman and Founder)Global
In one line: Japan's manufacturing PMI rose as US importers rushed orders ahead of Tariff reprieve expiry.
Kelvin Lam (Senior China+ Economist)Global
