Holidays dent France's industrial production in May
Jul 10, 2015 06:20 am UTC| Commentary Economy
Frances manufacturing production recorded a sharp fall (-2.5% mom, -2.8% yoy). The numerous and fluctuating bank holidays distrubed the countrys industrial output in May. Last year, three bank holidays fell on a Thursday,...
Conditions in the global economy take a turn for the worse
Jul 09, 2015 17:41 pm UTC| Commentary Economy
The minutes of the June 16-17 FOMC cited Greece and China as risks but also confirmed that the US is moving towards conditions that would support a rate hike. However, since the middle of June, the news from the global...
MERS and Yen to take greater toll on Korea
Jul 09, 2015 11:09 am UTC| Insights & Views Economy
South Koreas central bank kept interest rates at record low of 1.5% but reduced the growth forecast amid economic slowdown. Today, the Central Bankreduced forecast for second quarter to just 0.4% from 1% revised...
Greece needs policies to employ people
Jul 09, 2015 10:16 am UTC| Insights & Views Economy
Half a decade of austerity, political changes have ravaged the countrys employment scenario. Todays release revealed that unemployment dropped marginally in April but remains staggeringly high at 25.6%. While...
Sweden 2016 wage negotiations round in focus
Jul 09, 2015 09:45 am UTC| Commentary Economy
The Riksbank wants to see is EUR/SEK staying at its current levels of 9.30, given the emphasis put on SEK in supporting the CPI recovery. A rise in import prices via SEK devaluation is likely the quickest and most direct...
Divergent monetary policies a more powerful EUR driver than Greek risks
Jul 09, 2015 09:43 am UTC| Commentary Economy
Euro has remained relatively resilient, despite a substantial deterioration of the situation in Greece. Although Grexit risks are negative for the Euro, data and divergence of monetary policies are more important drivers....
Unfavorable global and domestic conditions pat Brazilian Real
Jul 09, 2015 07:37 am UTC| Commentary Economy
The BRL traded with a weak tone on Wednesday losing around 1.5% vs. the USD. USD-BRL closed at 3.235. Developments in China weighed on the BRL performance throughout the day as this country is Brazils main trade partner...