Aug 28, 2015 16:00 pm UTC| Commentary Economy
After a third bailout package for Greece was agreed in mid-July, currency markets turned their focus to the Fed - at least until China came along in early August with the announcement of a significant change to its...
Aug 28, 2015 12:40 pm UTC| Commentary Economy
Russia inflation declined in August (per weekly data). The countrys inflation was expected at 15.5% y/y, down slightly from 15.6% last month. The decline in inflation is due to falling food prices from the strong 2015...
South Korean industrial production probably rose further in july
Aug 28, 2015 06:42 am UTC| Commentary Economy
South Koreas industrial production is likely to have extended its recovery momentum in July after the sizeable turnaround in June. July trade data suggests that non-electronics sectors such as chemical and metal products...
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...