Brazil GDP likely to contract heavily in Q2
Aug 28, 2015 06:08 am UTC| Commentary Economy
Brazils economic activity index suggests that the supply-side economy contracted -7.3% qoq (annualised ) or -3.1% yoy in Q2. This prompts to project Q2 GDP growth of -1.7% qoq (-7.0% annualised or -2.7% yoy for the...
Stronger US growth calms doubters of global growth
Aug 27, 2015 12:52 pm UTC| Insights & Views Economy
Pessimist and doubters of global growth will feel sigh of relief today as US economy turned out to be stronger than everyone is expecting. Preliminary reading shows that US economy grew 2.1% in the second quarter,...
South Africa is cumulating weaknesses
Aug 27, 2015 10:58 am UTC| Commentary Economy
In South Africa, trade balance data should confirm its relative fragility to the Chinese slowdown with a widening of the trade deficit. In the short term, the ZAR has the greatest potential to weaken further, cumulating...
Global and local risks still in place for EMEA markets
Aug 27, 2015 10:38 am UTC| Commentary Economy
The decision of the PBoC to ease monetary policy should not be enough to trigger any real appetite for EMEA assets in our opinion. The global and idiosyncratic risks that have prevailed over the past few weeks are still in...
Spanish economy expands faster, shows potential of reformed-Europe
Aug 27, 2015 10:13 am UTC| Insights & Views Economy
Latest data shows that Spanish GDP grew further in second quarter of 2015, shrugging off any fear of slowdown amid Greek crisis and looming rate hike from US Federal Reserve. Spanish economy grew 3.1% in second...
Domestic demand leads Spain economy growth
Aug 27, 2015 06:54 am UTC| Commentary Economy
Spain household consumption (contributing for two-third of the Q2 growth number) continued to benefit from low interest rates (as the bulk of mortgage debt is in variable rates), low inflation, the ongoing tax reform and...
Japan's July unemployment rate likely to be unchanged at 3.4%
Aug 27, 2015 05:44 am UTC| Commentary Economy
The number of job seekers that dropped out of the Japans labour force increased in March and April, and these job seekers returned to the labour force in May and June. Most of them were absorbed by the increase in...