U.S. oil rig count fell for 7th consecutive week

Oct 19, 2015 08:32 am UTC| Commentary

Oil prices are beginning the new week of trading down in the wake of predominantly weak Chinese economic data. Brent has fallen to a good $50 per barrel and WTI has slipped below the $47 per barrel mark, notes...

BoJ likely to be more bearish on FY15 GDP

Oct 19, 2015 07:39 am UTC| Commentary

The economic outlook of Japan seems to be stable. In this weeks Reuters Tankan, the DI of business sentiment in materials-related industries was forecast to fall to zero in January, the first such reading since May 2013,...

Japan's real GDP likely to post 0.0% q/q saar in Q3

Oct 19, 2015 07:31 am UTC| Commentary

The prospects of the BoJ easing on 30 October seem to fluctuate with each data release. Much of the focus has been on the outlook for Q3 GDP, where a negative q/q reading would mark a technical recession (two consecutive...

BCB likely to cut rate by 50bp in H2 2016

Oct 19, 2015 07:17 am UTC| Commentary

In fact, one cannot rule out further monetary tightening in this cycle given the pressure on the BRL, although that is not our baseline scenario.In any case, such a rate hike would be seen as an effort to ensure financial...

Growth momentum in China will unlikely turn any time soon

Oct 19, 2015 07:13 am UTC| Commentary

Chinas economy expanded by 6.9% y/y in Q3, down from 7.0% in the previous two quarters. This is the first time since Q1 2009 that Chinas quarterly GDP growth dropped below 7.0%.On a seasonally adjusted q/q basis, the...

USD to continue to ease?

Oct 19, 2015 07:11 am UTC| Commentary

A few things would have to change in case of strong commodities increasing possibilty of Fed raising rates. A view such as this would assume, once it became a broad-based market consensus, that a large share of the USD...

BCB's tightening ends

Oct 19, 2015 07:10 am UTC| Commentary

The sharp deterioration in financial conditions of Brazil - given domestic and external sector developments - forced the BCB to come out in support of the BRL with some direct actions and indirect assurances (including the...