Brazil: recession, deficits and downgrades
Oct 16, 2015 05:17 am UTC| Commentary Economy
The country is seen in a sequence of economic recession leading to fiscal deficits in the next years, putting gross debt above the 70% of GDP level and triggering rating downgrades, a sequence that the agency also cited as...
Brazil's negative 2016 budgetary piece continues to show its effects
Oct 16, 2015 05:13 am UTC| Commentary Economy
The decision of Brazils government to send to Congress the 2016 budget by late August not only triggered SPs to move the sovereigns rating to non-investment grade, but also suggested to Fitch Ratings another setback to...
Oct 16, 2015 04:43 am UTC| Commentary Economy
US latest non farms payrolls report added only 142K jobs to the economy last month, but even though new hiring looks like it is slowing, layoffs have not significantly increased. In fact the latest initial unemployment...
China's September new loans and TSF rebound
Oct 16, 2015 02:23 am UTC| Commentary Economy
RMB new loans growth posted a strong rebound in September, led by medium-long term loans. RMB new loans were CNY1050bn, up from CNY810bn in August and above expectations (consensus: CNY900bn). It is encouraging to see that...
China’s economy may dominate global market considerations from the start of the week onward
Oct 15, 2015 21:49 pm UTC| Commentary Economy
Chinas economy may dominate global market considerations from the start of the week onward. The country releases Q3 GDP growth into the Asian market open on Monday. Obviously markets trade on it, but the aftermath will...
US consumer prices likely ran out of energy last month
Oct 15, 2015 05:13 am UTC| Commentary Economy
Sans projected movements in US food (0.2%) and energy components, the core CPI probably continued apace, rising by 0.1% (0.148% unrounded) for a third consecutive month. Increased vehicle and shelter costs, along with a...
Price effects likely caused softness in US September retail sales
Oct 15, 2015 05:04 am UTC| Commentary Economy
US retail sales rose 0.1% m/m in September. However, the details of the report painted a softer picture of nominal consumption spending than expected. The retail control group, our preferred measure of core retail...