US inflation likely reached 0.1% yoy in June
Jul 17, 2015 07:30 am UTC| Commentary
The US June consumer prices are scheduled to release today. The rate of inflation is expected to have reached 0.1% yoy in June, says Commerzbank."What sounds like a considerable risk of deflation merely constitutes a...
HUF remains top performer in EM currencies, however many risk factors
Jul 17, 2015 07:27 am UTC| Commentary
The forint has been one of the top performers among EM currencies since the beginning of last week, with EUR-HUF dropping from near 318.00 at its peak last week to 309.40 now. This was mostly driven by relief on the Grexit...
ECB increases ELA limit for Greek banks
Jul 17, 2015 07:22 am UTC| Commentary
Yesterday EUR-USD traded just above 1.09, this morning the pair is trading only just below that level. Therefore, based on the currency movement one might think nothing much has happened. And that is probably correct for...
ECB raises the Greece ELA, agrees on bridge-loan
Jul 17, 2015 07:21 am UTC| Commentary Central Banks
Bridge-loan for Greece agreed, ELA raised by 900m, banks will reportedly reopen on Monday, and the Bundestag will approve the austerity bill today. Something that can go wrong possibly is the Eurostoxx is up 10.7% since 7...
Brazil’s economy facing challenging outlook
Jul 17, 2015 06:57 am UTC| Commentary
Brazils industrial production index posted 0.6% m/m sa growth in May, the trend remains fragile. The countrys headline growth was driven by non-durable consumption and capital goods production, but auto intermediate goods...
Stabilized oil production and net exports to support Colombian growth
Jul 17, 2015 06:13 am UTC| Commentary
Although Colombias industrial production fell 3.9% in May, activity data are giving mixed signals, much more than expected by the consensus (-2.2%), consumer confidence surprised to the upside, growing by 2.7%.Despite this...
Chile's weak metal prices and mining sector slow down likely to contract Q2 GDP
Jul 17, 2015 06:06 am UTC| Commentary
The slowdown in the mining sector, which has been driven by weak metal prices, suggests a contraction of Chiles GDP in Q2Chiles economy is slowing. The industrial production index printed a sharp decline of 1.2% y/y,...
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