October ECB bank lending survey: credit standards to ease, consumer demand up

Oct 18, 2015 23:48 pm UTC| Commentary

The October ECB bank lending survey that was conducted in September is expected to show signs of continued easing in credit standards, especially for households. Consumer demand for credit is likely to remain relatively...

US new residential construction activity likely quickened in September

Oct 18, 2015 23:36 pm UTC| Commentary

Buoyed by unusually warm and arid conditions across the continental US during the reference period, the number of new housing units started likely climbed to a three-month high seasonally adjusted annual rate of 1.165...

ECB takes centre stage this week as markets anticipate further monetary easing

Oct 18, 2015 23:21 pm UTC| Commentary Central Banks

The ECB will take centre stage this week as markets anticipate further monetary easing in the months ahead. More monetary easing is expected before year-end. It is believed that the details and magnitude matter for the...

A limited credit tightening effect from EM

Oct 18, 2015 22:53 pm UTC| Commentary

Both financial and real economy channels carry Chinas slowdown to the rest of the world. Friday, the release of August TIC data showed a net outflow of $9.2bn with net foreign private inflows of $37.3bn and net foreign...

China's domestic sectors to show resilience

Oct 18, 2015 22:28 pm UTC| Commentary Economy

The flash PMI reports for October will offer a first hint of just how much a toll the slowdown in emerging economies, and not least China, it taking on the real global economy. It is notable, moreover, that in some...

NJA: Weak China data expected; potential ECB easing could lift USD/Asia again

Oct 18, 2015 22:12 pm UTC| Commentary Central Banks

The USD/Asia retracement has extended this week, with soft US data further pushing back market expectations of Fed rate hike. Moreover, a less aggressive easing by the MAS (relative to market expectations) and an unchanged...

BCB to hold Selic rate

Oct 18, 2015 21:58 pm UTC| Commentary

Bad news kept coming last week, as Fitch downgraded Brazils sovereign rating to BBB- with a negative outlook. The political gridlock continues, with the presidential vetoes on amendments to fiscal consolidation bills...