US jobless claims remain low in September survey week
Sep 24, 2015 16:30 pm UTC| Commentary
Initial jobless claims rose 3k, to 267k, in the week ending September 19, a bit lower than our forecast (275k) and consensus expectations (272k). Prior-week initial claims were unrevised at 264k, and the Labor Department...
Brazil's medium-term recovery still possible but external demand holds key
Sep 24, 2015 16:26 pm UTC| Commentary
The governments effort on fiscal austerity is surely an essential step to restoring the confidence of investors. However, in the medium term (next 2-3 years), the government successfully restoring the fiscal house or...
Sentiment among Canadian small and medium-sized businesses falls in the third quarter
Sep 24, 2015 15:50 pm UTC| Commentary
According to the CFIB business barometer, sentiment among small businesses declined by 0.7 points to 56 in September, the lowest reading since the last recession. This is the fourth consecutive month of declines and...
US Q3 GDP tracking 2.2% after August durable goods report
Sep 24, 2015 15:24 pm UTC| Commentary
Durable goods orders fell 2.0% m/m in August (previous: +1.9%), less than forecast(-3.5%) and the consensus (-2.3%), as a dip in orders for several categories of transportation equipment depressed what was otherwise...
EM's poor growth preformance may hit German economy
Sep 24, 2015 12:36 pm UTC| Commentary Economy
The Ifo business climate for German trade and industry has surprised economists (consensus: 107.9) and in fact risen marginally this month from the high level of 108.4 to 108.5. However, it would be premature to celebrate,...
EM vulnerability to external financing shocks increased
Sep 24, 2015 11:08 am UTC| Commentary
The EM external borrowings have increased substantially in recent years, reflecting cheap financing in DMs and weak growth outcomes/low real rates in DM versus EM. Indeed, external borrowings were crucial in boosting...
Taiwan CBC likely to keep benchmark rates unchanged
Sep 24, 2015 11:02 am UTC| Commentary Central Banks
In todays statement, the CBC pointed out that with inflation in negative territory, real interest rates in Taiwan were still relatively high, an indication to us that the bank can still ease (towards the post-Lehman low of...