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July 24, 2025
July 23, 2025
Preview: Due July 24 - U.S. June New Home Sales - In the lower end of the recent range
July 23, 2025 4:21 PM UTC
We expect a June new home sales level of 640k, which would be a 2.7% increase if May’s 13.7% decline to 623k, which followed a 9.6% increase to 722k in April, is unrevised. Trend in new home sales has no clear direction but the NAHB homebuilders’ survey suggested a weakening picture in June, whi
Food Prices Lifted South Africa Inflation to 3.0% YoY in June
July 23, 2025 12:36 PM UTC
Bottom Line: Statistics South Africa (Stats SA) announced on July 23 that annual inflation rose to 3.0% YoY in June from 2.8% in May as food prices reached a 15-month high coupled with elevated restaurant and health services prices. The inflation is still within South African Reserve Bank’s (SARB)
EZ HICP Preview (Aug 1): Headline at Target as Services Inflation at Fresh Cycle-low?
July 23, 2025 10:35 AM UTC
HICP, inflation – now at target – is very much a side issue for the ECB at present, albeit with the likes of oil prices and tariff retaliation possibly accentuating Council divides. Despite adverse energy base effects, we see the flash July HICP staying at June’s 2.0% but up from May’s eig
Trump Deals: Japan, Philippines and Indonesia
July 23, 2025 8:26 AM UTC
• Other countries cannot be guaranteed to get a Japan style deal, both as Japan is the key geopolitical ally in the Asia pivot against China and as Trump is keen to agree deals by August 1. India and Taiwan are trying to finalize deals, but the EU is more difficult. China 90 day deadlin