Brazil IPCA-15 deceleration is finally here
Aug 21, 2015 14:46 pm UTC| Commentary
August IPCA-15 was line with consensus expectations, printing at 0.43% m/m and compatible with a 9.57% y/y print. Relative to the forecast, the main surprises were concentrated in the transport and housing groups, due...
Sluggish pace in Euro zone economy recovery
Aug 21, 2015 10:19 am UTC| Commentary
The euro zone economy still continues recovering at a sluggish pace. The purchasing managers index for the manufacturing sector remained at 52.4 in August. Its services counterpart improved slightly to 54.3 from 54.0. The...
Chile growth drivers fading away
Aug 21, 2015 09:58 am UTC| Commentary
Chile real GDP in q/q terms was flat in Q2 15, from a strong 1.1% growth in Q1. All the components of domestic demand contracted, with a marked reduction of 2.1% q/q sa in investment. On the other hand, exports and imports...
ISO projects supply deficits on the global sugar market
Aug 21, 2015 09:45 am UTC| Commentary
The raw sugar price has remained stable at 10.6 US cents per pound in recent days, which is not far off the seven-year low it hit recently. The International Sugar Organization (ISO) published new forecasts of the supply...
Aug 21, 2015 09:34 am UTC| Commentary
The anti-euro campaign is only starting in Greece. The bailout implementation will be very painful, and any economic recovery has been postponed, long into 2016 even in the best case. The election-related uncertainty will...
Slump in global stock markets spurs inflows into gold ETFs
Aug 21, 2015 09:33 am UTC| Commentary
Gold has risen by $50 over the past three days of trading alone and this morning has reached just shy of $1,170 per troy ounce. Over the last two days of trading, the gold ETFs tracked by Bloomberg have seen inflows of 7.1...
Aug 21, 2015 09:30 am UTC| Commentary
Those who began singing the swan song for gold around four weeks ago are doubtless rubbing their eyes in amazement now, for gold has meanwhile gained by nearly $100 as compared with its end of July 5½-year low. Gold...