Mexico's inflation bottomed but likely to stay near Banxico’s target this year
Jun 24, 2015 06:16 am UTC| Commentary
Inflation slipped below 3.0% in May (actually 2.9% yoy) for the first time in a decade as core inflation remained at its lowest level ever at 2.3% and food prices fell further. Both these factors have bottomed and expectd...
Mexico's growth slipped further in April to 2.1% yoy despite monthly gain
Jun 24, 2015 06:05 am UTC| Commentary
April industrial production growth (1.1% yoy and -0.1% mom on a seasonally-adjusted basis) suggests overall growth slipped further in April to 2.1% yoy. The economy likely grew nearly 0.7% mom and, assuming some...
Russia’s success in expanding oil exports to China likely to widen the use of Renminbi settlement
Jun 24, 2015 05:57 am UTC| Commentary
Renminbi is likely to be a winner of the competition in Asia between crude oil exporters. Most of the major oil exporters are expected to switch to Renminbi settlement for sales into China, so as not to concede any...
Taiwan Industrial production growth falling to zero
Jun 24, 2015 05:41 am UTC| Commentary
Taiwans industrial production (IP) growth decreased to 1.1% yoy in April from 6.7% yoy in March, as external demand deteriorated.Trade data in May showed an improvement in real terms. That said, if we combine the April and...
Brazil’s current account improving in dollar terms, but not as percentage of GDP
Jun 24, 2015 05:41 am UTC| Commentary
Brazils trade balance in May was the strongest since August 2012 as imports fell over 30% yoy due to weakness in domestic demand.The year-to-date trade balance, therefore, improved from -USD4,863m to -USD2,305m. According...
UK mortgage approvals heading up
Jun 24, 2015 05:34 am UTC| Commentary
In April, official mortgage approvals made the largest monthly gain since February 2009. Fundamental conditions of housing demand are continuing to improve.The 2-year fixed rate mortgage rate has halved in the last two...
More broad based weakening expected in Germany Ifo
Jun 24, 2015 05:28 am UTC| Commentary
The Germany Ifo survey has generally been more resilient in recent months, partly as it covers a much larger survey group and thus a broader selection of the economy than the PMIs and the ZEW.In June, the Ifo business...
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