Risks of further rate cuts from Reserve Bank of India in H2 15 persists

Jul 17, 2015 05:49 am UTC| Commentary

The uptick in Indias retail inflation in June is unlikely to be a major concern for the RBI. Indias CPI inflation surprised to the upside at 5.4% y/y in June, up from 5.0% in May and reflecting an increase in the prices of...

Russia's capital expenditure taking break

Jul 17, 2015 05:46 am UTC| Commentary

The Russian Composite PMI for June fell below the critical 50 mark to 49.5, which was 51.6 in May.Although capital investment is subject to unpredictable month-on-month swings as a result of the implementation of large...

Reserve Bank of India likely to meet 6% target by early 2016

Jul 17, 2015 05:44 am UTC| Commentary

The inflation trajectory will broadly remain contained, continuing the trend seen in recent months and reflecting a host of factors, including better controls on food prices, persistently idle industrial capacity and a...

Poland's PPI likely to have increased significantly in June

Jul 17, 2015 05:40 am UTC| Commentary

Polands producers price index was -2.2% in May. The PPI data for June month scheduled to release today is expected to give a positive sign.Societe Generale estimates, PPI of the country to have increased to -1.7% yoy in...

Oil price declines to dampen Emerging Markets inflation pressures further

Jul 17, 2015 05:35 am UTC| Commentary

The fall in oil prices also looks durable and is likely to dampen reflation pressures in EM. The Iran deal opens the door to an additional 300-500 kbd of supply in 6-12 months into an already oversupplied oil market."A...

ECB gives Greece a little breathing room

Jul 17, 2015 05:28 am UTC| Commentary

Mr Draghi tried to convince his audience that the ECB was not responsible for the deterioration of the Greek banking sector and remained cautious about the bailout plan and possible QE.President Draghi announced the...

US housing starts to climb higher as supply chases demand

Jul 17, 2015 05:21 am UTC| Commentary

The US residential investment activity is on a solid upward trend, supported by recent increases in household formations and the related drop in the vacancy rate. Household formations are currently running near 1.5mln per...