Mexico’s November inflation likely at 2.3% y/y

Dec 07, 2015 09:17 am UTC| Commentary

Mexicos the inflation industrial production data are scheduled to release this week. The inflation rate reduced to below Baxicos target of 3.0% in May for first time in a decade. The biweekly inflation rate posted at...

Oil in Global Economy Series

Supply glut of crude oil and industry raw materials likely to abate in 2016

Dec 07, 2015 09:15 am UTC| Commentary

US higher interest rates are certain to be the biggest difference in the coming year, but the conditions could also change fundamentally on commodity markets. Supply glut of crude oil and industry raw materials should...

Currency War Series

Fed likely out of its "ultra-loose" monetary policy- first big change of coming year

Dec 07, 2015 09:03 am UTC| Commentary Central Banks

In the coming year, Fed will be the first major central bank to raise its interest rates and exit from its ultra-loose monetary policy. After a first hike, likely on December 16, the central bank is set to take more steps...

Currency War Series

Draghi’s attempt to sooth market in post-ECB commentary likely to fail

Dec 07, 2015 08:42 am UTC| Commentary Central Banks

European Central Bank (ECB) governor, Mario Draghi at a dinner party on Wall Street, late last Friday, tried to soothe market, however attempts like these are likely to be less effective from now on. Mr. Draghi, pointed...

Oil in Global Economy Series

Oil in global economy series – An OPEC without ceiling

Dec 07, 2015 08:35 am UTC| Commentary

Two of the global benchmarks, WTI and Brent, are only few Dollars shy from lowest price of 2008/09 crisis, as OPEC last Friday not only failed to cut back production, they just dropped the ceiling. Nevertheless there seems...

Currency War Series

ZAR likely remains vulnerable post Fed lift-off

Dec 07, 2015 07:42 am UTC| Commentary

The rating by Fitch might impact ZAR slightly negatively on Monday as it came after the local markets closed on Friday. The rating decisions of both Fitch and SP were as expected, slightly extensive moves can be...

Currency War Series

Further fiscal slippage likely limited for South Africa

Dec 07, 2015 07:37 am UTC| Commentary Economy

South Africa is seeing weak growth and higher public wage settlements, which imply challenges for the governments promises of reducing budget deficit and stabilizing the debt/GDP ratio. The government presented a...