
A pro-market coalition likely in Spain
Dec 18, 2015 08:41 am UTC| Commentary
Latest opinion polls suggest that second place might be occupied by the anti independance party Ciudadanos, way ahead of Podemos. The new party should be divided and the coalition will prove needed for first time in the...
JGB yield curve flattens as BOJ extends maturity
Dec 18, 2015 08:22 am UTC| Commentary Central Banks
As announced in todays monetary policy meeting, Bank of Japan (BOJ) will extend its JGB portfolio duration and that is having its intended effect in Japanese government bond (JGB) market. Yen has defied weakness over...
Japan's modest growth rate likely to continue
Dec 18, 2015 07:48 am UTC| Commentary
Bank of Japan (BoJ) decided to continue its ongoing open-ended Quantitative and Qualitative Easing program today. Based on the decision, the monetary base will further extend at an annual base of JPY 80tn. The central bank...
Brazil Inflation likely to moderate from January 2016
Dec 18, 2015 07:47 am UTC| Commentary
Brazil IBGE inflation in December is expected by market consensus to be 1.13 month on month, while on yoy basis it is expected to be 10.65%. This suggests that the BRL depreciation and structural factors might be...
PBoC weakens Yuan fix by record ten days (again)
Dec 18, 2015 07:42 am UTC| Commentary Central Banks
Again for second time this year, Peoples Bank of China (PBoC) has fixed Yuan central parity weaker for 10 consecutive days, comprising depreciation of -1.49%, record for any such weakening. Last time was back in November,...
Softness in US manufacturing likely in year end as per Philly Fed survey
Dec 18, 2015 07:38 am UTC| Commentary
Philly Fed manufacturing index dropped to -5.9% in December, falling from previous months 1.9% and well below consensus expectations. New orders contracted, while shipments climbed over neutral over the month. Labor...
US economy likely to record 2.4% growth in 2016
Dec 18, 2015 07:24 am UTC| Commentary
US Federal Reserve had many causes to hike its near zero interest rates almost after a decade, which marks beginning of its rate hike cycle, as Yellen announced that the rate hike path follows gradualism. The focus now...