SARB to refrain from hiking rates in July, may hike by end-2016 if CPI surprises

Jun 22, 2016 12:09 pm UTC| Insights & Views Central Banks Commentary Economy

South African Reserve Bank (SARB) will announce its interest rate decision on 21 July. In mid-May the SARB took a break in the rate hike cycle but openly admitted its dilemma between a weak real economy and high inflation...

France’s June INSEE business sentiment to stay at 102; euro area flash PMIs likely to have dropped slightly

Jun 22, 2016 11:43 am UTC| Commentary Economy

Recently, Frances INSEE business climate indicators have been resilient and have tinted a significantly stronger picture of the French economy than the PMI counterparts. In June, Frances manufacturing confidence might have...

South Korean June exports likely to continue fall amid sluggish global demand

Jun 22, 2016 11:06 am UTC| Economy Commentary

The preliminary customs release has dashed any hopes of a quick recovery in external trade with exports set to fall for an eighteenth straight month in June. The customs data showed that exports fell by 12.8 percent y/y in...

German industries remain optimistic despite Brexit worries

Jun 22, 2016 10:57 am UTC| Economy Commentary

German industrial companies remained optimistic over their business, defying worries of a Brexit on Thursday. Nearly two-thirds of German industrial companies say a British exit from the European Union wont hurt their...

Brazil’s economy possibly at turning point; BCB likely to lower key rate by end-August

Jun 22, 2016 10:48 am UTC| Commentary Economy

There are tentative signs that Brazils economy might have reached a turning point. The economy, in the first quarter contracted 0.3 percent quarter-on-quarter as compared with projections of 0.8 percent contraction and Q4s...

Banks likely to relocate jobs away from London if 'Brexit' succeeds, says EU’s Hill

Jun 22, 2016 10:29 am UTC| Economy Commentary

Corporate banks are likely to be forced to relocate jobs away from London, if Thursdays European Union referendum ends in favor of Brexit, said Jonathan Hill, the EUs financial services commissioner on Wednesday. Banks...

Sweden’s seasonally adjusted jobless rate rises in May

Jun 22, 2016 10:13 am UTC| Commentary Economy

In May, Swedens seasonally adjusted jobless rate came in at 7.2 percent, more than consensus expectations of 6.9 percent and Aprils print of 6.7 percent. The rise in unemployment rate is mostly a statistical noise and is...