Bank Indonesia likely to stand pat
May 18, 2015 10:56 am UTC| Commentary
The BI is likely to keep the policy rate on hold and forecast one rate cut in June after the release of the May CPI print. However, the government has seen pressuring BI to cut rates, given slowing growth, even though BI...
CBT will likely maintain its cautious rhetoric
May 18, 2015 10:54 am UTC| Commentary
The Central Bank of Turkey (CBT) is expected to keep all policy rates unchanged at next weeks MPC meeting. Inflation has accelerated to 7.9% y/y in April, while growth momentum remains weak (April PMI printed below 50,...
More fiscal news to come from Brazil
May 18, 2015 10:51 am UTC| Commentary
The week in Brazil should start focused on the cut in expenditures that the government should announce by Thursday; local news sources say that thegovernment will have a meeting this Sunday to discuss a cut of up to...
Lowest decline in US drilling activity since December 2014
May 18, 2015 10:49 am UTC| Commentary
Brent has climbed to just shy of $68 per barrel this morning despite a firmer US dollar and is thus nearing the high it achieved mid-last week. Fighting inIraq and Syria is being blamed for the price surge.Speculative...
India imported more than 100 tons of gold in April for the second month in a row
May 18, 2015 10:45 am UTC| Commentary
Gold has risen to a good $1,230 per troy ounce at the start of the new week of trading and has thus achieved a new three-month high.Silver is likewise priced noticeably firmer at $17.8 per troy ounce, its highest level...
US April headline and core CPI to post gains
May 18, 2015 10:42 am UTC| Commentary
Mar CPI rose 0.2%. Food prices posted a rare fall in March, offsetting some of the 1.1% rise in energy prices (3.9% rise in gasoline). The core CPI was also up 0.2%, with a further rise in clothing, autos and other...
Taiwan' export orders likely declined; current account surplus at record high
May 18, 2015 07:55 am UTC| Commentary
Taiwan is scheduled to release April export orders and Q1 current account (C/A) data on 20 May.The C/A surplus reached a record USD 21bn, boosted by a strong trade surplus. Rising tourist arrivals likely also boosted the...
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