Brazil labour market deterioration continues as unemployment rate to hit 7%

Aug 17, 2015 06:12 am UTC| Commentary

While non-seasonally adjusted data shows Brazil unemployment rate falling to 4.3% in December 2014 and rising to 6.9% through June 2015, seasonally-adjusted seriessuggests the unemployment rate actually bottomed at 4.5% in...

USDCNY expected at 6.80 by end of 2015

Aug 17, 2015 06:08 am UTC| Commentary

Chinas surprise move to adjust the mechanism for determining the USDCNY fixing sent shockwaves through global markets. The daily 9.15am USDCNY fixings will still be keenly watched by the market, although there are signs...

Brazil inflation acceleration continues in Q3

Aug 17, 2015 06:01 am UTC| Commentary Economy

While Brazil mom prices rose 0.62% in July, less than the 0.79% mom in June, annual inflation jumped to 9.56% yoy from 8.89% yoy in June. The acceleration was quite broad-based with the mom rate of price change exceeding...

Russian labour market remains soft, while wages continue to recover

Aug 17, 2015 05:45 am UTC| Commentary

The specifics of Russian local labour market are still intact. There were improvements in the unemployment rate as local enterprises prefer to limit wage bill expansion through cutting working hours, but keeping workers on...

Russian consumption is still depressed, but a moderate recovery is looming

Aug 17, 2015 05:40 am UTC| Commentary

Russias consumer demand recovered at a very slow speed which is being reflected in the very weak recovery in retail sales. On a seasonally adjusted basis, retail sales in monthly terms have seen some gains, but are still...

US consumer prices likely decelerated further in July

Aug 17, 2015 05:37 am UTC| Commentary

The U.S. consumer price index data for July is due on Wednesday. Capped by projected slowdowns in retail energy costs, the Consumer Price Index (CPI) probably climbed by 0.2% in July - the smallest increase since...

Russia's capital expenditure fail to recover from losses

Aug 17, 2015 05:33 am UTC| Commentary

Russian investment continued to be depressed, driven by pessimistic expectations expressed by enterprises in a series of recent surveys conducted by Rosstat. The gradual decline in business confidence has been accompanied...