US November personal spending and durable goods leave Q4 GDP tracking at 1.5%

Dec 24, 2015 04:42 am UTC| Commentary

US November personal income increased 0.3% mom, above the market consensus expectations, led by a strong 0.5% increase in wage and salary income. Durable goods total orders were steady in November, recording above...

Emerging Market Crisis Series

Services still drive Mexican economy

Dec 24, 2015 04:29 am UTC| Commentary

Mexican economy expanded 0.2% mom sa in October according to the IGAE index, which is higher than prediction as there was good performance in services, which counter balanced partly by drops in secondary and primary...

Brazil's 2015 GDP growth likely to be at -3.8%

Dec 24, 2015 03:07 am UTC| Commentary

Joaquim Levy, the Finance Minister of Brazil came directly from one of Brazils largest asset management firms and was deemed a market-friendly voice within the government. Unfortunately, Levy resigned on Friday 18th...

USD/BRL likely to trade around 4.5 in 2016

Dec 24, 2015 02:56 am UTC| Commentary

The commodity bull run ends, lacklustre global growth and Chinas economic slow down all of these bode poorly for Brazilian real. Much domestic woes have weighed with BRL selling off as the countrys risk premia...

US new home sales rise but remain sluggish in November

Dec 24, 2015 02:49 am UTC| Commentary Real Estate

US new home sales summed up to 490k in the month of November, below the market consensus expectations. The previous months sales data was revised lower by a net 39k. Single family sales rose in the West, with sales in...

US consumer sentiment ends 2015 on a solid footing

Dec 24, 2015 02:44 am UTC| Commentary

University of Michigan Index for consumer sentiment in December final estimate was revised upwards to 92.6, slightly over the preliminary estimate and the expectations. Current conditions index was also revised up to...

US personal income rose 0.3% m/m in November

Dec 24, 2015 02:35 am UTC| Commentary

Personal income rose 0.3% m/m in November, in line with the expectations and one-tenth above consensus estimates, driven by a solid 0.5% rise in wage and salary income. Wage and salary income is now up 4.5% y/y, supporting...