Exports continue to drive Brazil's growth rate
Sep 30, 2015 06:37 am UTC| Commentary
The economic and political situation in Brazil has deteriorated since last June. The economy has entered into recession with a sharp contraction in GDP of 1.9% q/q in Q2 and a downward revision of the Q1 GDP figure. The...
BCB indicates end to its hiking cycle
Sep 30, 2015 06:13 am UTC| Commentary
After hiking the Selic target rate by 325 bp to 14.25%, the Brazilian central bank (BCB) has signalled an end to its hiking cycle."We expect rates to be kept on hold this year and the BCB to start cutting rates towards...
EUR/NOK likely to reach 9.20 in near term
Sep 30, 2015 06:07 am UTC| Commentary
Norges Bank surprised the market. In light of that, revisions are made to the EUR/NOK forecast slightly in the short term."In general EUR seems quite bearish and still downside is seen for EUR/NOK as well. Now the EUR/NOK...
Brazil's fiscal situation deteriorated
Sep 30, 2015 06:03 am UTC| Commentary
Concerns about the Brazilian economy and the governments failure to live up to its promises of fiscal consolidation prompted SP to downgrade Brazils sovereign rating to "junk" (BB+ - one notch below investment grade) in...
ECB's QE prolongation equals further flattening and additional purchase changes
Sep 30, 2015 05:59 am UTC| Commentary
If QE is prolonged then it is likely that the ECB at some stage will also have to change the mix of assets it is buying, simply on the back of the logic that there are not enough assets for them to buy."The easiest way to...
ECB likely to refrain from immediate expansion of its QE programme
Sep 30, 2015 05:56 am UTC| Commentary
Economic data coming from emerging markets have continued to disappoint. Chinese data, in turn, have not found a bottom yet, as illustrated by another fall in the manufacturing PMI. While the capacity of these events to...
Pace of U.S. private-sector job gains to hold steady in September
Sep 30, 2015 05:35 am UTC| Commentary
Despite its admittedly spotty record in predicting the official government series, ADP Research Institutes private payroll tally could color market expectations heading into the U.S. Bureau of Labor Statistics September...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight