Investors in Mexico are cautiously optimistic

Apr 01, 2015 00:20 am UTC| Commentary

According to Nick Verdi from Standard Chartered, Mexican investors are moderately positive on the domestic economy and the MXN outlook Investors expect a pick-up in US growth to benefit Mexico; USD-MXN seen at 15.00-15.25...

Canadian economy enters 2015 on soft footing

Mar 31, 2015 18:36 pm UTC| Commentary

The Canadian economy contracted by 0.1% in January, beating market expectations for a 0.2% drop. This marks the second decline in the last three months. Weakness in services industries (-0.3%) was to blame, although it was...

Consumers drive euro-zone economic recovery

Mar 31, 2015 18:15 pm UTC| Commentary

The euro-zone economic recovery has gained some pace thanks to a pick-up in consumer spending growth. The annual growth rate of retail sales volumes rose to near a ten-year high in January, due partly to falling prices....

IMF's COFER shows divergent behavior by advanced and EM central banks

Mar 31, 2015 17:32 pm UTC| Commentary

Data from the IMFs COFER showed global central banks reserves fell about $388bn in H2 14 (with a drop of $223bn in Q3 and $165bn in Q4). Much of drop on a global basis appears to be, however, driven by the effect of a...

Deceleration in China's growth to moderate in coming months

Mar 31, 2015 17:15 pm UTC| Commentary

China HSBC/Markit manufacturing PMI fell back to 49.2 in March from 50.7 in February, according to the flash reading. This was the latest in a string of disappointing data out of China in the first quarter and suggests...

A rate cut from BoC in April cannot be ruled out

Mar 31, 2015 17:04 pm UTC| Commentary

The 0.1% m/m decline in Canada Januarys GDP was milder than most expected, with oil gas extraction showing a remarkable rebound. (Data released on Tuesday.) With oil gas drilling activity slumping to record lows, this...

Euro inflation increases as the impact from the oil price decline fades

Mar 31, 2015 16:53 pm UTC| Commentary

Euro deflation eased in March as the flash estimate for HICP inflation increased to -0.1% y/y from -0.3% y/y in February.The HICP inflation print was in line with consensus expectations, but core inflation surprised on the...