Brazilian economy likely contracted by -1.6% in 2015
Jul 17, 2015 04:58 am UTC| Commentary
On the demand side, Brazils retail sales data released for April and May suggests that consumption is set to contract in Q2 as well. Therefore, Societe Generale expects the consumption to be a net drag on growth for the...
ECB remains cautious about QE purchases of Greek bonds
Jul 17, 2015 04:55 am UTC| Commentary
Regarding QE purchases of Greek bonds, he indicated that there would be "some room" after the 20 July SMP repayment, as ECB holdings would be lower than 33% of Greek debt. Yet, his tone was cautious. Indeed, the conditions...
Daily Economic Outlook: 17th July, 2015
Jul 17, 2015 04:40 am UTC| Commentary
Fed Chair Yellens semi-annual testimonies earlier this week hardly deviated from other recent statements and continued to sound cautiously optimistic over the economic outlook. She saw prospects for further improvement in...
Bullion under bearish pressure, Fed by rate hike prospects
Jul 17, 2015 04:38 am UTC| Commentary
Gold futures were seen moderately lower on Thursday, dwelling under bearish pressure for the fourth consecutive day as investors assessed the rate hike remarks by the Federal Reserves Janet Yellen. Meanwhile, the bullion...
Jul 17, 2015 04:29 am UTC| Commentary
The ECB President said nothing at all about the situation in that country. He explained that the Council had raised the ELA ceiling by 0.9bn.The new limit would apply for one week, after which the ECB would reassess the...
MPC to hike by 25bp next week in South Africa
Jul 17, 2015 04:16 am UTC| Commentary
The inflation outlook will likely remain uncomfortable for the SARB as a multiquarter upside target breach looks likely from Q4, despite the recent respite in international oil prices.While the NERSA decision to decline...
South Africa's May Headline CPI to rise
Jul 17, 2015 03:51 am UTC| Commentary
In South Africa, the macro focus shifts to monetary policy as the SARB holds its July MPC meeting next week with a decision on the repo rate on Thursday afternoon. A slew of recentdata and developments pointing to firm...
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