Regional divergences continue in Canada

Sep 26, 2015 07:42 am UTC| Commentary Economy

The Canadian dollar slipped below 75 US cents for the first time in 11 years this week. Since the freefall began in mid-2014 alongside the plunge in oil prices, the loonie is now down by nearly 20%. The weakness this week...

US Q2 GDP revised up again as economy surpasses expectations

Sep 25, 2015 16:17 pm UTC| Commentary Economy

The U.S. GDP Q2 number was revised from 3.7 percent to 3.9 percent, beating expectations and showing that the U.S. economy had grown faster than expected. This robust GDP number was mainly attributed to high construction...

Strong headwinds ahead for Hong Kong economy

Sep 25, 2015 12:55 pm UTC| Commentary Economy

Hong Kongs economy experienced strong headwinds in the past two quarters. Leading indicators such as PMI worsened to 44.4, its lowest reading since early 2009. Considering Chinese tourist arrivals accounts for more than...

Lower demand from EMs and China hit German economy

Sep 25, 2015 06:22 am UTC| Commentary Economy

The PMIs fell more than expected in Germany, pulled down particularly by lower manufacturing confidence. Whereas, the levels are still high indicating a growth rate around 0,4 % in the third quarter of 2015, argues Nordea...

China need policy easing to accelerate growth momentum

Sep 25, 2015 04:42 am UTC| Commentary Economy

The latest data continue to suggest weakened growth momentum and the growth outlook. Continued policy easing is anticipated to bolster the slowdown amid accelerating capital outflows and CNY depreciation...

EM's poor growth preformance may hit German economy

Sep 24, 2015 12:36 pm UTC| Commentary Economy

The Ifo business climate for German trade and industry has surprised economists (consensus: 107.9) and in fact risen marginally this month from the high level of 108.4 to 108.5. However, it would be premature to celebrate,...

Mexico's inflation likely to slip again in September

Sep 24, 2015 06:29 am UTC| Commentary Economy

Mexicos inflation slipped below 3.0% (the Banxicos target) in May for the first time in a decade and has declined even further since then, as core inflation remained at its lowest level ever at 2.3% and food inflation fell...