Taiwan price pressures rising

Jul 31, 2015 08:45 am UTC| Commentary

Taiwan CPI inflation is bottoming out. Without the negative base effects from oil prices, headline CPI is expected to turn positive in Q4 and strengthen to nearly 2% in H1 2016.Core CPI inflation is also expected to stop...

Taiwan's external demand to improve in H2

Jul 31, 2015 08:43 am UTC| Commentary

It is reported that orders for new smart phone models increased around 20% from a year ago while Taiwan domestic semiconductor producers are gaining market share in the global market, which should support Taiwans exports...

South Africa's PMI and car sales data next week to give first hints of Q3 activity

Jul 31, 2015 08:38 am UTC| Commentary

The week ahead is fairly light in terms of data releases in South Africa, but after the recent string of disappointing activity data during Q2, the July PMI indicators and new car sales data should be interesting as early...

Further policy tightening likely in Angola

Jul 31, 2015 08:33 am UTC| Commentary

It was a thin week for data releases in the rest of Sub-Saharan Africa with the most noticeable events being Angolas MPC meeting and Zambias inflation print. The Bank of Angolas MPC hiked its base rate 50bp in line with...

CBT likely to change monetary policy benchmark in August

Jul 31, 2015 07:54 am UTC| Commentary

The Turkish CenBank released its Q3 Inflation Report yesterday. The bank made minor changes to projections, included an upward revision of its end-2015 headline CPI inflation forecast from 6.8% to 6.9%; the CenBank left...

Many market participants skeptical of Fed hike

Jul 31, 2015 07:52 am UTC| Commentary Central Banks

The signal yesterdays GDP data for Q2 sent out was that US economy is humming. Even though GDP growth corresponded more or less to expectations at 2.3% qoq annualised. As a result there is not much left of the collapse...

Euro zone CPI unlikely to be an issue for the FX market

Jul 31, 2015 07:48 am UTC| Commentary

Attention in the euro zone also focusses on consumer prices. Analysts expect an inflation rate of 0.2% yoy for July.However, the data is only likely to have immediate effect on the FX market if it was to deviate massively...