Commodity weakness adds to headwinds for EM credit
Jul 24, 2015 04:14 am UTC| Commentary
This weeks developments have not provided much relief as the better-than-expected Chinese Q2 growth last week seems to have failed to lift sentiment, commodities have continued to fall and the USD has strengthened further...
NZ Trade Balance Falls into Deficit in June; Exports to China Rise
Jul 24, 2015 04:14 am UTC| Commentary
New Zealands monthly merchandise trade balance fell into deficit for the first time since December last month, however, exports to China rose for the first time since August, and exports rose on an annual basis for the...
Colombia should underperform Peru further
Jul 24, 2015 03:56 am UTC| Commentary
Colombia has marginally underperformed peers such as Peru and Mexico. While for Peru, the more limited exchange rate flexibility may compound adverse effects from lower commodity prices over time, the still comfortable...
Colombia remains the weakest link in LatAm IG
Jul 24, 2015 03:55 am UTC| Commentary
Elsewhere in the LatAm IG credit space, Colombia remains the weakest link, given its fiscal reliance on the oil sector and the expectation that fiscal reform will not happen in the short term.In the absence of structural...
China Factory estimate Hits 15-Month Low in July
Jul 24, 2015 03:46 am UTC| Commentary
Chinese factory production contracted at the steepest pace in 15 months in July, according to a survey of purchasing managers, highlighting why economists expect to see further efforts to stimulate growth in the coming...
Commodity prices to see broad-based declines
Jul 24, 2015 03:45 am UTC| Commentary
The broad-based declines in commodity prices in recent weeks hark back to the weakness in Q4 14-Q1 15. Whereas, macroeconomic risks, particularly out of China could limit upside demand surprises, supply surprises appear...
FX and commodity prices, more tightly linked
Jul 24, 2015 03:43 am UTC| Commentary
The prospects for commodity prices are crucial to EMs not only because they tend to have a higher concentration of commodity producers, but also are affected by common demand side factors for their other major...
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