Mexico's retail sales growing at an impressive pace on lower inflation
Oct 19, 2015 12:26 pm UTC| Commentary
Despite the growth weakness in H1 and some visible effect of the slowdown in the labour market, retail sales of Brazil on average have continued to trend up this year - in part due to the low base effect in H1 2014, but...
Continued deterioration in Brazil's macro economy and financial conditions
Oct 19, 2015 12:19 pm UTC| Commentary Economy
Both the macro economy and financial conditions of Brazil have further deteriorated since the September Copom meeting. On the growth front, August retail sales and labour market developments were worse than expected...
China's deflationary risks hints further monetary easing
Oct 19, 2015 12:15 pm UTC| Commentary Economy
Chinas CPI inflation came in lower than expected at 1.6% y/y for September, down from 2.0% in August, driven mainly by food prices. Core inflation moderated by 10bp to 1.6% y/y. PPI deflation remained deeply negative at...
BoJ may opt for further easing
Oct 19, 2015 12:08 pm UTC| Commentary Central Banks
In terms of the CPI outlook, the BoJ might continue to argue that inflation expectations remain anchored and that the current weakness is a transient phenomenon linked to energy prices, which will ultimately underpin...
Colombian coffee prices under pressure
Oct 19, 2015 08:44 am UTC| Commentary
The dry conditions generated by the El Niño weather phenomenon have also resulted in poorer development of coffee beans in Columbia, a country generally known for its high-quality Arabica coffee. According to the...
Speculative net long positions in gold raises sharply
Oct 19, 2015 08:43 am UTC| Commentary
Gold is continuing the price fall it began last Friday as the new week of trading gets underway and has dropped to around $1,170 per troy ounce. We attribute this to profit-taking after the price reached a four-month high...
Speculative net short positions in US natural gas at highest level in 7 years
Oct 19, 2015 08:41 am UTC| Commentary
The increase in the WTI price to over $50 per barrel in the reporting week was speculatively driven. As a result, it proved unsustainable and has meanwhile been corrected again. By contrast, net short positions in US...