Italy’s economic growth likely remained flat in Q4 on weak external sector

Feb 11, 2016 05:34 am UTC| Commentary

The Italian National Statistical Institute is expected to report that the Italilan economy slowed down in Q4 2015, mainly due to the external sector. Italys economic growth likely remained flat in Q4. The result is evident...

Guide to today’s important data and events

Feb 11, 2016 05:14 am UTC| Commentary

Not many economic dockets scheduled for today, however some with high risks associated. Focus on Janet Yellen testimony again. Data released so far Australia - Consumer inflation expectations stable at 3.6% for...

Fed Hike Aftermath Series

US Fed still likely to resume hiking rates in 2016

Feb 11, 2016 05:03 am UTC| Commentary Central Banks

US Federal Reserve Chair Janet Yellen in her semi-annual testimony stated that the central bank still intends to hike rates slowly. However, she said that the persistent volatility in the market might delay the Feds plans...

Asian markets trading on lower note, Japan and China closed

Feb 11, 2016 03:57 am UTC| Commentary

Asian markets are trading on mix note as market digested remarks from the Federal Reserve Chain Jenet Yellen. Markets in Japan are closed for the National Foundation Day holiday and China for the spring festival....

Currency War Series

Bangko Sentral ng Pilipinas likely to raise policy rate in 2H16

Feb 11, 2016 03:03 am UTC| Commentary Central Banks

The Bangko Sentral ng Pilipinas (BSP) is not in a rush to tweak its monetary policy, especially with the imminent implementation of the new rate corridor. There has been some chatter about the BSP introducing new...

Oil in Global Economy Series

IEA report shows slim chances for a recovery in oil prices

Feb 10, 2016 16:38 pm UTC| Commentary

Oil prices literally plummeted on Tuesday evening, with Brent down nearly 8% in the last hours of trading, while WTI fared somewhat better with losses of 6%. IEA monthly reports showed that the worldwide inventory build...

Currency War Series

Emerging Market Crisis Series

Upside risks for additional tightening from BCB

Feb 10, 2016 15:57 pm UTC| Commentary Central Banks

Brazil inflation is highly unlikely to converge on BCB target in 2017 unless we see sharp BRL appreciation, which appears highly unlikely. January inflation data came in at 10.71% y/y as against Decembers 10.67% y/y, above...