May GDP another troubling sign for Canadian economy
Jul 31, 2015 15:16 pm UTC| Commentary
Another in a long list of serial disappointments for the Canadian economy. What is particularly troubling about this one is that the main culprit for the decline in May GDP was manufacturing, a sector that was supposed to...
U.S. Employment Cost Index (Q2)
Jul 31, 2015 15:02 pm UTC| Commentary
The U.S. employment cost index barely rose in the second quarter. Total compensation grew 0.2% in Q2, or 2.0% y/y. And all of that increase was in the public sector (+0.6%) while the private sector, specifically...
Idiosyncratic factors add to challenging environment for Emerging Markets
Jul 31, 2015 09:42 am UTC| Commentary
Commodity prices are still under pressure, with under performance rotating from metals to energy over the past week. The macroeconomic environment for EM markets remains harsh. Just as investors were taking comfort from...
Malaysia’s cabinet reshuffle has consolidated PM Najib’s position
Jul 31, 2015 09:28 am UTC| Commentary
In Malaysia, Prime Minister Najib Razak reshuffled his Cabinet on Tuesday.The most important change was the exclusion of Deputy Prime Minister and UMNO Deputy President Muhyiddin Yassin, who recently had expressed concerns...
Contraction of Mexico's real exports more than real imports to hurt trade balance
Jul 31, 2015 09:24 am UTC| Commentary
Despite the real depreciation of 8.8% of the MXN in the past 12 months, Mexican exports did not react as one would expect, resulting in a trade balance deficit of USD4bn, much larger than the USD0.3bn deficit in H1 14.This...
A strong decline in Colombia real imports likely to diminish deterioration of trade balance
Jul 31, 2015 09:21 am UTC| Commentary
In Colombia, the very strong real currency depreciation of 20.4% in the past 12 months and the slowdown in activity have started affect Colombias trade balance.So far, with the very strong deterioration in the terms of...
Another 50bp hike by Kenya’s MPC next week
Jul 31, 2015 09:12 am UTC| Commentary
In next weeks main releases, Kenyas MPC meeting is the most prominent."Following a cumulative 300bp hike during June and July, further tightening, with an increase of at least 50bp likely", says Barclays.Though inflation...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects