Lower commodity prices deteriorate Brazil's terms of trade
Jun 26, 2015 05:59 am UTC| Commentary
The TOT is falling due to the ratio of Brazils export to import prices is falling. While the prices of both are falling, the bulk of the variation in the TOT was caused by the sharper decline in export prices -...
Sweden Riksbank to keep its repo rate unchanged
Jun 26, 2015 05:59 am UTC| Commentary
Sweden Riksbank might acknowledge that the recent uptick in inflation and medium-term inflation expectations merit a pause in the easing cycle at this juncture.Indeed, Swedish economic data have picked up recently, helping...
Brazil's TOT detoriation to affect BRL
Jun 26, 2015 05:50 am UTC| Commentary
The BRL trend is affected profoundly by changes in the TOT.The export prices are low due to low commodity prices, keeping the BRL under pressure for an extended period.Conversely, import prices need to fall further to...
May industrial production to weaken, due to weak real exports
Jun 26, 2015 05:48 am UTC| Commentary
Japans industrial production data for May is expected on 28th June.The real exports (-4.9% mom) is very weak. As this years Golden Week holidays (end-April to beginning of May) were longer than usual (owing to the...
Deterioration in the Brazil's TOT affects long-term growth trajectory
Jun 26, 2015 05:44 am UTC| Commentary
The long-term trajectory of growth trend is affected profoundly by changes in the TOT. With commodity prices expected to stay low, export prices and the TOT could remain under pressure unless import prices fall further....
Euro area monetary and credit dynamics to improve further in May
Jun 26, 2015 05:39 am UTC| Commentary
Continued improvements have been seen in monetary and credit dynamics since the ECB adopted an accommodating stance back in June (rate cuts, TLTRO, QE). Indeed, M3 money supply growth recovered from a lacklustre 1.1% yoy...
EU Council to discuss further euro area economic integration
Jun 26, 2015 05:34 am UTC| Commentary
While Greece is no doubt going to be discussed at the EU Summit, the official economic agenda includes the Digital Single Market strategy, the European Semester, the TTIP and the report from the four Presidents on euro...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects