US delivered a mixed batch of data

Sep 24, 2015 20:55 pm UTC| Commentary

On the plus side jobless claims held at multi year lows of 264k week, better than consensus expectations at +272k. New home sales shot the lights out, rising 5.7% in the month to a new seven-year high. The prior months...

Positive side of BRL depreciation: improving the outlook for manufacturing

Sep 24, 2015 20:42 pm UTC| Commentary

The positive side of the painful adjustment is the increasingly likely chance of regaining the lost competitiveness on the external front. The manufacturing sector contributed over 15% of GDP and nearly 55% of total...

Brazil is going through a painful adjustment process

Sep 24, 2015 20:40 pm UTC| Commentary

The governments effort on fiscal austerity is surely an essential step to restoring the confidence of investors. Achieving fiscal objectives is very difficult in a contracting economy and, clearly, the government does not...

The end of globalization or a more multipolar world?

Sep 24, 2015 17:55 pm UTC| Commentary

Globalization, which defines the increasing interdependence and integration of economies, markets, nations and cultures, is the most powerful economic force the world has witnessed in the past twenty years. It is now so...

Delay in Fed liftoff has added yet another layer of uncertainty to an already foggy EM outlook

Sep 24, 2015 17:21 pm UTC| Commentary Central Banks

The Feds decision to delay liftoff supports our view EM rates will remain low for some time. Oil prices have dropped 22% since early July, and although commodities have been stable in September, the cumulative loss amounts...

Czech National Bank is set to keep FX floor at least until mid-2016

Sep 24, 2015 16:57 pm UTC| Commentary

The Czech National Bank meeting did not deliver any monetary policy change, as expected. During his speech, the Governor of CNB did not comment on the exchange rate movement at all; nor did he discuss pressure on the FX...

Germany's IFO business climate help up in September

Sep 24, 2015 16:48 pm UTC| Commentary

The IFO business climate was slightly better than consensus expectations in September as a modest decline in the assessment of the current economic situation (down to 114.0 from 114.8) was offset by an increase in business...