UK to undergo further fiscal tightening in coming years?

Nov 23, 2015 04:44 am UTC| Commentary

Any revisions to the path of UKs fiscal consolidation forecast would be cautiously observed by the FX markets, if the existing fiscal year-to-date is undergoing higher growth relatively in borrowing and there is some...

EUR/USD's further downside likely as December approaches

Nov 23, 2015 03:49 am UTC| Commentary

Markets were further prepared for more policy easing from ECB last week. ECBs President Mario Draghi emphasized his whatever it takes commitment again, that it has necessary measures to reach back to the inflation target...

Mexico retail sales growth point to strong consumption in 2015

Nov 23, 2015 02:52 am UTC| Commentary

Despite the growth weakness in H1 and some visible effect of the slowdown in the labour market, average retail sales have continued to trend up this year - in part due to the low H1 2014 base effect, but mostly due to...

Euro area November flash PMIs to show resilience

Nov 23, 2015 02:44 am UTC| Commentary

The final manufacturing PMI for October was revised upwards from the flash (52.3 from 52). Much change is not expected in the flash November figure, with the models suggesting a fall by one tick to 52.2. Services should...

Eurogroup likely to grant Italy’s request to use the investment clause

Nov 23, 2015 02:35 am UTC| Commentary

The Eurogroup meeting will be entirely dedicated to the Draft Budgetary Plans for 2016, following their assessment by the EU Commission. The EU ministers of finance are likely to agree with the EC that 1) of the countries...

Rating agencies sound cautious post-pay commission in India

Nov 23, 2015 02:14 am UTC| Commentary

Much of the attention this week will be on the winter parliamentary session which gets underway on 26 Nov (Thursday). While the contentious land and labour laws are likely gain more traction at the state level, focus will...

Philippines GDP growth momentum remains strong

Nov 23, 2015 01:55 am UTC| Commentary

Expect Philippines GDP growth to have ticked up to 6.2% (YoY) in 3Q15. Some base effects might have played a part but GDP growth momentum remains pretty strong going into 2016. Export growth came in disappointing in 3Q but...