Emerging Market Crisis Series

Saudi liquidity likely poor towards year end

Dec 18, 2015 09:25 am UTC| Commentary Economy

GCC markets might not have read the memo about the US Feds dovish hike. The 1 year and 2 year swaps moved higher yesterday towards 1.86 and 2.14% respectively. Liquidity is poor towards year end, but the direction seems...

Canada's external factors the key driver, but also the key risk

Dec 18, 2015 01:14 am UTC| Commentary Economy

The anticipated rotation of Canadian growth, and indeed much of the growth forecast, is reliant on how developments beyond the borders feed into the domestic economy. There are two key risk channels: foreign demand and the...

Canada’s external factors key to economic rebalancing and growth

Dec 18, 2015 00:34 am UTC| Commentary Economy

Factors beyond Canadas borders remain central to the economic outlook. Low oil prices, diverging growth outlooks and expected interest rate differentials have all pushed the value of the Canadian dollar lower relative to...

Advanced economies continue to make progress

Dec 17, 2015 23:50 pm UTC| Commentary Economy

The tepid expansion among EMs is unlikely to stymie growth within advanced nations, where domestic spending has accelerated noticeably. U.S. domestic demand growth has been hovering at 3% for more than a year, reinforcing...

December US job growth: the gift that keeps on giving

Dec 17, 2015 21:43 pm UTC| Commentary Economy

For the December employment report, scheduled for release on Friday, January 8, nonfarm payrolls are expected to have risen by 225k. Within this, private payrolls are expected to have expanded by 215k and government...

Germany's IFO business climate edges slightly lower, but remains at healthy levels

Dec 17, 2015 18:02 pm UTC| Commentary Economy

The December IFO business climate indicator came in lower than expected at 108.7 as the assessment of the current economic situation declined (down to 112.8 from 113.4) and business expectations remained stable (at 104.7)....

Experts weigh in on Fed hike: it was the right call, but will it work?

Dec 17, 2015 00:38 am UTC| Insights & Views Economy Central Banks

Editors note: The Federal Reserves policy-setting committee decided to raise its target interest rate known as the Fed funds rate for the first time in nine years. It increased the rate from a range of zero to 0.25% to a...