Mexican economy likely expanded 2.7 pct in Q1 2017, says Wells Fargo

May 19, 2017 22:59 pm UTC| Commentary

Mexican first quarter economic data is set to be released on Monday. The flash estimate showed a relatively solid performance of the economy. According to a Wells Fargo research report, the final data would be...

Japanese core inflation likely to have accelerated 0.2 pct year-on-year in April

May 19, 2017 22:34 pm UTC| Commentary

Japan is set to release its consumer price inflation and trade data for April next week. According to a Barclays research report, Japans core inflation is expected to have accelerated 0.2 percent year-on-year, as in the...

U.S. economic growth to rebound to around 3 pct in Q2, inflation to average 2.4 pct in 2017

May 19, 2017 22:24 pm UTC| Commentary

In the first quarter, the U.S. economic growth decelerated to just 0.7 percent from the prior quarters 2.1 percent. The slowdown was mainly driven by a subdued pace of consumer spending growth. Still, business surveys and...

Euro area economic growth unlikely to accelerate much further from current pace, says Barclays

May 19, 2017 22:09 pm UTC| Commentary

The euro area activity data have continued to be upbeat. The first quarter economic growth was confirmed at 0.5 percent sequentially. Portugals economy expanded by a record 1 percent quarter-on-quarter following an average...

Central Banking Series

U.S Fed likely to hike rates to 1.50 pct in 2017 and to 2.25 pct in 2018, says Lloyds Bank

May 19, 2017 20:26 pm UTC| Commentary

The U.S. Fed kept its monetary policy on hold following the FOMC meeting earlier in May, as was widely anticipated. The largely unchanged statement by the central bank suggests that there still is a possibility of a rate...

Japanese economy likely to grow 1 pct in 2017 and 2018, growth to be externally driven – DBS Bank

May 19, 2017 19:22 pm UTC| Commentary

The Japanese economic growth for the first quarter of this year came in above expectations. According to a DBS Bank research report, the Japanese economy is projected to expand 1.3 percent for the whole of this year. For...

Brazil hit by fresh political crisis, creates upside risks for USD/BRL currency pair

May 19, 2017 18:45 pm UTC| Commentary

On Thursday, Brazil was rocked by fresh political crisis following fresh corruption charges reached President Michel Temer. Temer was accused of endorsing the payment of money to the imprisoned former speaker of the lower...