Macro Views Resumen Tras el histórico referéndum del pasado domingo 5 de julio, la situación de Grecia empieza a vislumbrar un final. A pesar de la victoria del “No”, en los siguientes días las negociaciones se retomaron. Al inicio de la semana, se veía la salida de Grecia de la Eurozona como un escenario cada […]

Macro Views The week was dominated by news from Greece, which we wrote on here and here. But the U.S. jobs report also made a splash. Strong non-farm payrolls, the drop in unemployment, and flat real wages confirmed our central-scenario view that the Fed will act in September but move slowly. Next week’s news will […]

Monday 29 June, Japan published its May industrial production report. The index maintained its six-month moving average (6mma) pace of year-on-year growth of –1.7%, implied by a month-on-month drop of 2.2% (both rates of change are based on seasonally adjusted data). This result marks no change from April in the six-month trend rate of contraction. […]