Disappointing Emerging Asia July PMIs, but India remains an outlier
Aug 07, 2015 05:50 am UTC| Commentary
The regions PMIs remained weak, with the July prints showing a deterioration in China and across the region, with the exception of India. Chinas official NBS manufacturing PMI disappointed, edging down to 50.0, below...
US civilian jobless rate likely remained on downtrend in July
Aug 07, 2015 05:44 am UTC| Commentary
US unemployment and labor participation data are scheduled to release today. Societe Generale expects, the BLS (Bureau of Labor Statistics) canvass of 60,000 eligible households will yield similarly upbeat results....
CBR’s recent rate cut largely looks like a mistake
Aug 07, 2015 05:41 am UTC| Commentary
Falling oil continues keeping RUB under pressure and even the monetary policy doesnt help.Last weeks CBR decision to cut the key rate by 50bp to 11.0% clearly added to the vulnerability of the RUB and looks increasingly...
More volatility as Brazil hiking cycle ends and ratings outlook deteriorates
Aug 07, 2015 05:29 am UTC| Commentary
A worsening in the sovereigns external outlook should imply a weaker currency and a higher tolerance for heightened inflation in an environment in which Brazils growth picture looks uncertain."Additionally, the recent...
Turkey ratings outlook adds to political uncertainty
Aug 07, 2015 05:24 am UTC| Commentary
Snap election risk is now substantial as escalating internal and external security risks have inflamed Turkeys political rhetoric and already tense coalition talks between AKP and CHP.The increase in snap election risk is...
MYR vulnerable as fundamentals deteriorate
Aug 07, 2015 05:17 am UTC| Commentary
Lower oil, a high level of foreign ownership of local bonds, increased level of Malaysias offshore borrowing and the recent increase in political noise have all hurt the MYR relative to other Asia FX.Although recent...
Emerging Markets' C.banks to largely keep rates low
Aug 07, 2015 05:13 am UTC| Commentary
The recent fall in oil prices notwithstanding, the outlook around inflation has been improving of late. The trend in headline inflation (3m averages normalized) has largely bottomed in regions where central banks have...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned