Outperformance of EM equities set to continue
Oct 26, 2015 17:09 pm UTC| Commentary
There was a mixed performance for EM equity markets on Monday, but the bigger picture is that the MSCI Emerging Markets Index has rallied 12% in dollar-terms since late August. As a result, EM stocks have outperformed the...
BoJ’s printing press may soon run even faster
Oct 26, 2015 17:00 pm UTC| Commentary Central Banks
Economists expect the Bank of Japans decision at its meeting on Friday to be a close call. At the end of the day the central bank will probably decide to ease monetary policy further. It is expected that the BoJ wants to...
Bank of Israel on hold, worried about ILS strength, deflation, and tepid growth
Oct 26, 2015 16:27 pm UTC| Commentary Central Banks
The Bank of Israel (BoI) kept its 0.10% base rate on hold, as expected. It is believed that, BoI has no appetite to loosen monetary policy under the current circumstance even though it remains concerned about the very low...
FOMC Preview: Still waiting for the green light
Oct 26, 2015 16:22 pm UTC| Commentary
The FOMC meeting this week is unlikely to provide us with much new information. Economists expect to receive a statement but no updated projections or press conference. Along with consensus, and expect no change in policy...
Oct 26, 2015 16:17 pm UTC| Commentary Central Banks
For the October FOMC meeting, markets and the Fed are reasonably well aligned: markets do not appear to expect the Fed to hike, and economists view the Fed will stand pat. However, market pricing diverges sharply from Fed...
Mexico's GDP outlook improves at the margin
Oct 26, 2015 16:09 pm UTC| Commentary
Mexicos GDP proxy (IGAE index) increased 0.5% m/m sa in August, better than expected (Barclays: 0.1%), as a result of a very strong expansion in the primary and tertiary (services) sector. After this report, economists...
Speculative net long positions in WTI still comparably high despite drop
Oct 26, 2015 11:32 am UTC| Commentary
The front end of the WTI forward curve is in a correspondingly marked state of contango. The December contract for US light oil is trading around 90 US cents lower than the January contract. The only thing that is...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Labour can afford to be far more ambitious with its economic policies – voters are on board
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