
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...

Mexico's unemployment rate likely moderated slightly in May
Jun 26, 2015 05:27 am UTC| Commentary
After peaking in July 2014, the unemployment rate declined to 3.76% in December, as labour force growth slowed in line with employment growth, and it then fluctuated between 4.51% in January and 3.86% in March.The more...

Brazil's credit growth deceleration likely continued in May
Jun 26, 2015 05:12 am UTC| Commentary
In recent months in Brazil, and as the effect of the liquidity measures introduced by the BCB and finance ministry in H2 14 ebbed, credit growth resumed its decelerating trend. Credit growth fell more than expected in...