Second estimate of euro area Q3 GDP is out today
Dec 08, 2015 01:23 am UTC| Commentary
The flash estimate is expected to be confirmed at 0.3% q/q, so focus will be on the expenditure details. Private consumption is expected to have been the dominant growth impulse over this period, possibly expanding by 0.5%...
Data likely to weigh on South Africa Rand
Dec 08, 2015 00:33 am UTC| Commentary
A wider than consensus Q3 15 current account deficit reading on Tuesday (consensus: -4.0%, prior: -3.1%) and given that the ZAR has weakened significantly in response to larger-than-expected deficit prints in recent...
Oil and fiscal policy to shape future BoC actions
Dec 07, 2015 23:35 pm UTC| Commentary Central Banks
In the policy statement, BoC noted the economic adjustment in Canada is being aided by the recovery in the US, the depreciated currency and previous monetary easing. Q3 GDP seemed to confirm BoCs rhetoric, showing a...
Political troubles ahead in Brazil
Dec 07, 2015 23:16 pm UTC| Commentary Politics
Further weakness is expected in BRL as the political situation only gets worse. The initiation of the impeachment process is a long road and only makes it more difficult to get a solution on the fiscal front. It adds more...
New Zealand manufacturing sales rose in Q3
Dec 07, 2015 22:48 pm UTC| Commentary
Manufacturing sales volumes jumped by 3.5% in the September quarter, after two quarters of flat to falling sales. Much of the strength was concentrated in the primary sector, with strong gains in meat, dairy, fruit and...
ECB with a further monetary easing bias in 2016
Dec 07, 2015 22:27 pm UTC| Commentary Central Banks
There is unlikely to be much change in euro zone economic growth in 2016. Non-performing loans on bank balance sheets, overly high corporate and private debt, falling house prices in Italy and France and the lack of...
German economy still on an uptrend thanks to consumption
Dec 07, 2015 22:11 pm UTC| Commentary Economy
The weakness of emerging markets will increasingly weigh on the German economy in 2016. This is the main reason why the 2016 growth forecast for Germany, at 1.3%, is well below consensus (1.8%). But a predicted growth rate...
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