Pay attention to Indonesia's core inflation
Nov 30, 2015 02:08 am UTC| Commentary
Indonesias November inflation numbers are due this week and it is interesting to compare with what is happening in Thailand and the Philippines. Headline inflation figures have been distorted by changes in oil prices and,...
A technical recession unavoidable for Taiwan
Nov 30, 2015 01:53 am UTC| Commentary Economy
Based on the revised GDP data out last Friday, the economy didnt escape from a technical recession. Growth stayed in the negative territory for two straight quarters, registering -4.5% (QoQ saar) in 2Q and -1.2% in 3Q....
EEMEA: Russia-Turkey tensions dominates
Nov 30, 2015 01:01 am UTC| Commentary
The downing of the Russian jet by Turkey last Tuesday heightened significantly the level of tension and geopolitical risks, although Russias retaliation is unlikely to involve any military measures. The reaction should be...
SEK, NOK, CHF: Activity data as central banks await the ECB
Nov 30, 2015 00:38 am UTC| Commentary
The outlook for the smaller European currencies (SEK, NOK and CHF) will ultimately depend on ECB policy this week. In Sweden, imminent ECB easing will likely cause the Riksbank to cut its repo rate by 10bp, with risks for...
USDCNY fixings drift higher; risk of further depreciation post SDR
Nov 30, 2015 00:17 am UTC| Commentary
USDAsia crosses are mostly trading in their broad ranges since August. Activity data this week will likely continue to paint a challenging growth picture for the region. Without a meaningful turnaround in China and EM...
Policy rate decision: Poland to remain on hold
Nov 29, 2015 23:58 pm UTC| Commentary Central Banks
Polands CPI deflation is expected to persist at -0.4% y/y in November, an improvement over the -0.7% y/y reading last month. With respect to the NBP rate decision this week, since the old MPC remains intact for one more...
Data to confirm moderate level of economic activity in Mexico
Nov 29, 2015 23:44 pm UTC| Commentary Economy
Data this week should confirm a firm but moderate level of economic activity in Mexico, after an increase in the unemployment rate and a decline in retail sales were reported last week. The main data release is gross fixed...