Brazilian real following domestic events

Jul 03, 2015 07:02 am UTC| Commentary

The real outperformed regional LatAm FX appreciating around 1.7% vs. the USD to USD-BRL 3.10 on Thursday. Domestic forces continue dictating the BRL behaviour with this currency actually appreciating almost 1.2% to the USD...

A “yes” is no solution either in Greece Referendum

Jul 03, 2015 06:55 am UTC| Commentary

Just ahead of the weekend attention is increasingly focussing on the imminent referendum in Greece. The result remains uncertain even if it seems that the "yes" side might have caught up a little recently.While the Syriza...

National Bank of Poland to keep bank rate on hold

Jul 03, 2015 06:55 am UTC| Commentary

Polands growth has improved, inflation has increased (though it remains below zero and thus far below the target), and the PLN has depreciated due to Greek-related market concerns."As a result, the next move by the new NBP...

Russia’s Q2 current account balance likely to decline

Jul 03, 2015 06:34 am UTC| Commentary

Russia CPI inflation for June will be released next week. With inflation dropping rapidly, we expect it to decline to 15.4% y/y from a high of 16.9% in March. This will mean that Q2 inflation has been a little over 1%,...

Japan FY15 capex plans revised sharply upward

Jul 03, 2015 06:24 am UTC| Commentary

The most encouraging takeaway from the Japan June BoJ Tankan was the FY15 capex forecasts. Large companies as a whole sharply revised up to 9.3% y/y from -1.2% in March.For a June Tankan survey, this marked the strongest...

Japan's consumption bounced back in May, but to improve in Q3

Jul 03, 2015 06:10 am UTC| Commentary

Japans consumption-related data bounced back in May after falling in April. Based on household survey and retail sales data, consumption is now tracking slightly above Q1levels.However, it is still trailing for Q2 (0.3%...

UK saving rate down to lowest level since Q3 2008

Jul 03, 2015 06:07 am UTC| Commentary

UK GfK survey jumped to +7 points, the highest level seen in 15 years and the second highest in 18 years. The headline bounce was driven by a broad-based rebound, as components such as a saving opportunity or major...