Russia inflation stabilizing

Aug 28, 2015 12:40 pm UTC| Commentary Economy

Russia inflation declined in August (per weekly data). The countrys inflation was expected at 15.5% y/y, down slightly from 15.6% last month. The decline in inflation is due to falling food prices from the strong 2015...

South Korean industrial production probably rose further in july

Aug 28, 2015 06:42 am UTC| Commentary Economy

South Koreas industrial production is likely to have extended its recovery momentum in July after the sizeable turnaround in June. July trade data suggests that non-electronics sectors such as chemical and metal products...

Brazil GDP likely to contract heavily in Q2

Aug 28, 2015 06:08 am UTC| Commentary Economy

Brazils economic activity index suggests that the supply-side economy contracted -7.3% qoq (annualised ) or -3.1% yoy in Q2. This prompts to project Q2 GDP growth of -1.7% qoq (-7.0% annualised or -2.7% yoy for the...

Stronger US growth calms doubters of global growth

Aug 27, 2015 12:52 pm UTC| Insights & Views Economy

Pessimist and doubters of global growth will feel sigh of relief today as US economy turned out to be stronger than everyone is expecting. Preliminary reading shows that US economy grew 2.1% in the second quarter,...

South Africa is cumulating weaknesses

Aug 27, 2015 10:58 am UTC| Commentary Economy

In South Africa, trade balance data should confirm its relative fragility to the Chinese slowdown with a widening of the trade deficit. In the short term, the ZAR has the greatest potential to weaken further, cumulating...

Global and local risks still in place for EMEA markets

Aug 27, 2015 10:38 am UTC| Commentary Economy

The decision of the PBoC to ease monetary policy should not be enough to trigger any real appetite for EMEA assets in our opinion. The global and idiosyncratic risks that have prevailed over the past few weeks are still in...

Spanish economy expands faster, shows potential of reformed-Europe

Aug 27, 2015 10:13 am UTC| Insights & Views Economy

Latest data shows that Spanish GDP grew further in second quarter of 2015, shrugging off any fear of slowdown amid Greek crisis and looming rate hike from US Federal Reserve. Spanish economy grew 3.1% in second...