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...

Currency War Series

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...

China’s growth is set to slow further

Dec 07, 2015 21:57 pm UTC| Commentary

In emerging markets the premium of GDP growth relative to the developed countries should narrow further in 2016. This is primarily due to China, which accounts for 38% of emerging market GDP, where corporate debt has risen...

US November employment report provides further evidence for a December Fed funds rate hike

Dec 07, 2015 21:41 pm UTC| Commentary

US nonfarm payrolls increased by 211k in November, surpassing consensus expectations for a rise of 200k. Adding to the positive tone of the report, the respective figures of September and October were revised higher by 35k...