Banxico’s next rate hike likely in June 2016 meeting
Nov 25, 2015 05:00 am UTC| Commentary Central Banks
Mexicos CPI inched up to 0.52% 2w/2w as a result of the seasonal adjustment in electricity tariffs and price rises in perishables. However, there is a marginal offset by no core inflation as it posted 0.0%2w/2w. The...
Nonfarm payrolls in U.S. likely increased in November
Nov 25, 2015 04:46 am UTC| Commentary
U.S. employment report for November is expected to release next week. Nonfarm payrolls in the economy are expected to have grown by 200k, and private sector job growth expected at 195k and a modest 5k increase in...
Weaker consumer index hits U.S. labor market
Nov 25, 2015 04:28 am UTC| Commentary
The Conference Boards index of consumer confidence in U.S. gave a downward surprise and stood at 90.4 in November. The October reading for the headline index was revised up to 99.1, which was initially 97.6.The weak...
Stronger services lift for Singapore's Q3 GDP prevents technical recession
Nov 25, 2015 04:07 am UTC| Commentary
Singapores Final Q3 GDps preliminary release was revised up to 1.9q/q saar from 0.1% in the advance estimate, which was better than the anticiaption of being flat. Growth was revised up to 1.9% from 1.4% on y/y basis. A...
Brazil's 2015 GDP likely to be -2.9%
Nov 25, 2015 03:46 am UTC| Commentary
There is an upward revision in Brazils inflation expectations due to the squeeze in fiscal accounts, with a public deficit projected in 2015, and a surplus of just 0.7% of GDP in 2016. Market participants have been...
BRL devaluation impact likely to be feeding through to upside inflation dynamics
Nov 25, 2015 03:40 am UTC| Commentary
Brazils businesses and consumers gloomy outlook can be observed in confidence indices, which are at historical lows accross the board bodes poorly for durable goods demand and infact, for whole non-essential...
BCB likely on hold till Q4 2016
Nov 25, 2015 03:29 am UTC| Commentary
Brazils central bank is yet to announce its SELIC rate today, the consensus expects the bank to be on hold in its decision, and continue with the same rates at 14.25%. GDP growth for the country next year have been...