Brazil's Q3 GDP reduces 2015 GDP forecast by 0.3pp

Dec 02, 2015 05:52 am UTC| Commentary

Brazil Q3 GDP came at -1.7% q/q sa, lower than the market consensus expectations of -1.2% qoq sa. Q1 15 real GDP was revised down to -0.8% q/q sa, while Q2 15 was revised to -2.1% from -1.9% previously. Household...

Daily Economic Outlook: 2nd December, 2015

Dec 02, 2015 05:26 am UTC| Commentary

U.S. ADP non-farm employment change for November is scheduled to release today. This figure will provide key input into the FOMCs deliberations before Feds December 16 policy meeting. Moreover, the Fed is expected to...

US November vehicle sales support domestic consumption outlook, leaves Q4 GDP tracking at 2.0%

Dec 02, 2015 05:24 am UTC| Commentary

In US, the November sales of light weight vehicles summed up to 18.12mn annualized units, as per WardsAuto data and BEA seasonal adjustment factors. This was consistent with the consensus expectations of 18.1 mn. The...

U.S manufacturing likely to slow down further

Dec 02, 2015 05:11 am UTC| Commentary

The Institute for Supply Management (ISM) manufacturing index for November in the United States dropped by 1.5 points to 48.6. . The index contracted for first time in last three years. Consensus had expected the index...

U.S manufacturing disappointed in November

Dec 02, 2015 04:36 am UTC| Commentary

The Institute for Supply Management (ISM) manufacturing index in the United States contracted by 1.5 points to 48.6 in November. The index turned into negative reading for first time since November 2012 when Global...

Fed's rate hike may hit auto market next year

Dec 02, 2015 04:19 am UTC| Commentary Central Banks

Auto sales for November in the U.S. came in line with Octobers result as the seasonally-adjusted annualized rate stood at 18.13 million units. The auto market in the country is performing better. Of the top-selling...

Currency War Series

BoK likely to deliver another 25 bp rate cut in Q1 16

Dec 02, 2015 04:16 am UTC| Commentary Central Banks

Korean governments increased efforts to recycle Koreas current account surplus is in line with the focus on engineering a weak KRW bias will continue. The broader trend stays steady, marked by slow inventory clearance and...