Final euro area GDP numbers on the tap

Dec 08, 2015 02:48 am UTC| Commentary

The final and second reading of the 3Q GDP estimate is due today, along with the sector breakdown. The pace is likely to remain close to the advance estimates, as growth slowed to 0.3% (QoQ, sa) from 2Qs 0.4%. This...

Dollar may have eased back a bit after the ECB left QE unchanged last week

Dec 08, 2015 02:43 am UTC| Commentary

The dollar may have eased back a bit after the ECB left QE unchanged last week but its still strong and exports are still languishing. The Feds tradeweighted dollar index is up by 18% since mid-2014 and the market-based...

External balance stays healthy in Philippines

Dec 08, 2015 02:35 am UTC| Commentary Economy

Several things to note about the external balance. Goods exports are likely to plunge 6% this year, while import growth may come in around 4%. No surprise then that the trade deficit widens to USD 10bn this year. Yet, this...

Uneven but gradual recovery in store in India

Dec 08, 2015 02:34 am UTC| Commentary Economy

The narrative on the Indian economy has been positive on the back of a reform-oriented government, macro-stability and easing inflation. Beyond the headline, markets are turning to ground realities. In contrast to the...

Sluggish exports weigh on Taiwan's 4Q GDP

Dec 08, 2015 02:11 am UTC| Commentary Economy

The trade data out yesterday were far weaker than expected. Contrary to the consensus forecast of an improvement, exports fell further by -16.9% (YoY) in Nov15, a deeper decline compared to -11.0% in Oct15. On the...

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...