
Brazil's external debt has risen substantially over the past couple of years
Sep 10, 2015 20:36 pm UTC| Commentary
Brazils external debt environment is not bad when seen in comparison to other EM countries, the deteriorating fiscal situation and the depreciating currency could soon raise the debt/GDP rate to a much higher level. In...

Brazil's fiscal balance and outlook have deteriorated significantly
Sep 10, 2015 20:30 pm UTC| Commentary
Until July 2015, the fiscal balance deteriorated to -BRL282bn vs -BRL124bn in the same period last year when Brazil eventually posted a full-year deficit of -6.2% of GDP. The deficit is expected to reach -7.6% of GDP in...
Copom meeting minutes: Better forecasts, deteriorating balance of risks
Sep 10, 2015 16:52 pm UTC| Commentary Central Banks
The Copom meeting minutes released earlier today show that the 2016 inflation forecast was reduced. That happened in the reference scenario, in which the exchange rate was kept flat at (from 3.25 previously) and the Selic...
UK housing market imbalances driving up prices
Sep 10, 2015 16:46 pm UTC| Commentary
The August RICS survey shows that, despite the buoyant state of consumer confidence and the continuation of super-low financing costs, the supply of housing onto the market remains insufficient to meet the growth in...
Brazil IPCA-Underlying inflation on a downtrend, albeit still at high levels
Sep 10, 2015 16:30 pm UTC| Commentary
August IPCA surprised slightly to the downside, printing at 0.22% m/m and consistent with an annual increase of 9.53% y/y. In comparison to forecast, there some minor surprises in the housing goods and apparel components....
China's intervention in CNH narrows CNH-CNY spread
Sep 10, 2015 16:26 pm UTC| Commentary
A sharp move lower in the CNH rate indicates strongly that China has today intervened in the off-shore market. This is quite unusual as China mainly intervenes in the on-shore market (CNY), as has been the case lately....
US Q3 GDP tracking 2.2% after July wholesale inventories
Sep 10, 2015 16:15 pm UTC| Commentary
Wholesale inventories fell 0.1% m/m in July, well below (0.6%) and consensus (0.3%) expectations. June wholesale inventories were revised lower to 0.7% m/m from the initial estimate of 0.9% m/m. The decline in wholesale...