Brazil’s industrial production likely declined in Q4, contraction pace likely to slow in 2016
Feb 01, 2016 08:55 am UTC| Commentary
Brazils industrial production is expected to have declined to 11.5% y/y in Q4, in spite of a likely first sequential gain in December of 0.3% m/m. IP had fallen by 9.6% y/y in Q3 after declining by 6.5% in Q2 and 5.8% in...
Sweden’s manufacturing PMI falls to 55.5 in January
Feb 01, 2016 08:54 am UTC| Commentary
Swedens manufacturing PMI dropped to 55.5 in January from Decembers 56, slightly lower than forecasts. The PMI, for the past three years, continues to be in the range of 51 to 56.5. Amongst the sub-indices, production was...
South Korea’s exports ease in January, likely to remain weak in 2016
Feb 01, 2016 08:37 am UTC| Commentary
South Koreas exports in January declined 18.6% y/y, much lower than Barclays forecast of a decline of 12% and consensus expectation of a decline of 10.3%. This is the weakest exports data since August 2009. On a monthly...
Why PBoC needs to ease more—Part 2
Feb 01, 2016 07:08 am UTC| Commentary Central Banks
We, at FxWirePro, are with strong belief that Peoples Bank of China (PBoC) will and have to ease policy large in 2016. In first part we argued that current debt servicing cost of Chinese corporations standing above 30% of...
Indonesia’s inflation accelerates moderately in January, may give way for further easing
Feb 01, 2016 06:47 am UTC| Commentary Economy Central Banks
Indonesias inflation accelerated moderately in January to 4.14%, as compared with Barclays expectations of 4.3% and consensus expectations of 4.26%. Inflation accelerated due to lower base, as fuel prices were reduced in...
Indian manufacturers continue facing structural challenges despite rise in January manufacturing PMI
Feb 01, 2016 06:46 am UTC| Commentary Economy
Indias January 2016 headline manufacturing PMI rose to 51.1 from December 2015s 49.1. However, the headline PMI reading continues to be weak according to past standards. Indias local industry continues to face considerable...
Mario Draghi may push Euro lower today
Feb 01, 2016 06:42 am UTC| Commentary Central Banks
European Central Bank (ECB) president Mario Draghi, sounded more confident in banks January meeting that in December, when he disappointed market expectations and was seen fumbling literally during the course of press...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.