Brazil's consumption deterioration likely to continue on rising unemployment
Sep 16, 2015 05:55 am UTC| Commentary
Brazil retail sales fell 3.5% yoy in Q2 following 0.8% yoy decline in Q1. In sequential terms, and with the seasonally-adjusted data, retail sales fell at the pace of -7.8% qoq annualized in Q1 and -8.3% in Q2. As the...
Russia's labour market remains soft, while wages continue to grow
Sep 16, 2015 05:51 am UTC| Commentary
Russias real wages are set to be hit again by slightly higher inflation observed in August as the wage - inflation spiral remains broken. The local labour market prefers to adjust at the cost of the nominal wage bill...
Russian private consumption is set to improve, but only for a short time
Sep 16, 2015 05:49 am UTC| Commentary
The intense depreciation of the ruble in August, weakening nearly 14% against the USD, and early signs that FX was boosting inflation reminded us of late 2014 when households spent a remarkable portion of their ruble...
Russia's capital expenditure falling with no hope of relief
Sep 16, 2015 05:46 am UTC| Commentary
Although Russian corporate profits in specific export-oriented industries continue to gain from the ruble weakness, it does not provide enough stimulus for expansive investment as volatile commodity markets combine with...
Sep 16, 2015 05:44 am UTC| Commentary
While external situation remains unfavourable, Indonesia is fast losing the available window to cut rates and boost its weakening economy. Indonesias August CPI printed at 7.18% yoy, which was tad lower than that of July...
More QQE possible from BoJ in October
Sep 16, 2015 05:39 am UTC| Commentary
It is increasingly probable that the Japan government will declare a complete exit from deflation by the time the upper house election is held next summer. PM Abes ruling coalition will likely target voters by pointing to...
No change likely at BoJ's September meeting
Sep 16, 2015 05:38 am UTC| Commentary
Despite the BoJs commitment to the 2% price stability target, inflationary pressure has stalled due to the decline in oil prices and sluggish demand after the consumption tax (CT) hike."The CPI is likely to temporarily...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects