Exports lead Euro area GDP growth in Q2
Oct 09, 2015 12:09 pm UTC| Commentary
Euro area Q2 GDP posted +0.4% puarter on quarter growth, although stronger exports offset a significant investment contraction and a slowdown in consumption. Rebalancing the growth rate should be short-lived: the...
Rally in EM FX/local markets probably has obstacles to be sustained
Oct 09, 2015 11:07 am UTC| Commentary
In EM FX/local markets there are obstacles to a sustained rally and see the recent position adjustment/technical rally in EM currencies as providing fresh opportunities to reinstate short positions. The USD is expected...

Oct 09, 2015 10:59 am UTC| Commentary Central Banks
The Minutes of the September FOMC meeting was not expected to offer new signals regarding the timing of the first rate hike. First of all because FOMC chair Yellen had the opportunity to communicate at the press conference...
Euro area recovery remains on track
Oct 09, 2015 10:59 am UTC| Commentary Economy
Economic activity in euro area gained further momentum in the first half of 2015, supported by acceleration in the periphery. Past euro depreciation boosted export market shares, and euro area exports grew significantly...
Sweden core inflation may rise in September
Oct 09, 2015 09:30 am UTC| Commentary Economy
The SEK are currently crucial for monetary policy too. At the time of the writing, the trade-weighted exchange rate is almost 2 percent stronger than assumed by the Riksbank. If the Riksbank does not act at the monetary...
Oil dependency has likely gone down in Mexico
Oct 09, 2015 09:06 am UTC| Commentary
Mexicos dependency on oil revenues has declined substantially, particularly as a result of a fiscal reform that strengthened tax revenues. These have reached 13.6% of GDP in 2015 (YTD), almost 5.2pp higher than in...
U.S. soybean stocks likely to fall down
Oct 09, 2015 09:05 am UTC| Commentary
The US Department of Agriculture (USDA) will be publishing its latest supply and demand estimates this evening. A lower US corn crop should already be priced in. We also expect the figure for U.S. soybean stocks to be...