South Africa mining and manufacturing data to confirm weak Q2 growth
Aug 07, 2015 07:28 am UTC| Commentary
In South Africa, attention will be on growth in the week ahead as Stats SAs release of the June manufacturing and mining output data for June. The second quarter continued to be challenging for these two sectors as Eskom...
CNB language could provoke more speculative activity
Aug 07, 2015 07:13 am UTC| Commentary
CNB decided unanimously to leave the key 2-week repo rate unchanged at 0.05%, and also its CZK cap policy unchanged at yesterdays board meeting.The CB released new growth and inflation projections, it revised up 2015 GDP...

Aug 07, 2015 07:09 am UTC| Commentary Central Banks
The JPY has been under pressure for some days now, particularly against the USD. The Bank of Japans meeting did not move the FX markets during the night. As expected, not much has changed in Japan. The BoJ continues to buy...
RUB under pressure, government action hardly helpful
Aug 07, 2015 07:08 am UTC| Commentary
USD/RUB is climbing to new highs almost every day. Yesterday, the currency pair rose above the threshold of 64. Of course, the strong USD is one reason for this develop-ment. However, news from Russia are not supportive...
US labor data likely to surprise to upside
Aug 07, 2015 07:06 am UTC| Commentary
The US labour market report is scheduled to release today. The labor market data is quite important for the Fed, as its policy revision will be depends on todays data.Following slightly disappointing ADP data (+185k), an...
Central Europe growth likely steady
Aug 07, 2015 06:51 am UTC| Commentary
In Central Europe, solid growth continued in Q2 and will prove to be persistent. In Poland, growth has been steady for the last 10 quarters, and this trend is expected to continue with growth at 3.4% y/y, the same pace as...
Russia’s recession likely deepening
Aug 07, 2015 06:45 am UTC| Commentary
Russias growth continued to diverge, with recession in Russia versus strong growth in CEE and Israel. Russia indicators point to a deepening recession in Q2."GDP might have fallen 4.4% y/y from -1.9% y/y in Q1. This...