Bank of England not expected to change policy
Jul 03, 2015 00:10 am UTC| Commentary
The BoE is not expected to change policy when the Monetary Policy Council meets next Thursday. Of course, we wont know anything about the dialogue that unfolded until minutes to the meeting arrive on July 22nd. The next...
US June nonfarm payrolls and the case for a September start to normalisation
Jul 02, 2015 23:12 pm UTC| Commentary
As the pivotal September FOMC meeting draws ever closer, the magnitude and quality of job gains becomes all the more important. Key from the June post FOMC meeting press conference of Chair Yellen was: (1) her strong...
Chinese Deflation Fears Exaggerated
Jul 02, 2015 22:45 pm UTC| Commentary
Volatile trading in mainland Chinese equity markets, policy risk given no pre-set schedule for decisions, and macro releases that themselves may influence policy risks will all potentially have China contributing to the...
Brazil's gross public debt could rise by 6.9% of GDP this year to 65.8%
Jul 02, 2015 22:16 pm UTC| Commentary
Having risen to 58.9% of GDP in 2014 from 53.3% in 2013 (both based on revised estimates published earlier this year), gross public debt has risen further, to 62.5% in May 2015, although net debt actually fell from 34.1%...
Brazil's fiscal balance deteriorated significantly over first five months
Jul 02, 2015 22:08 pm UTC| Commentary
In the first five months of the year the accumulated fiscal deficit has risen to -BRL173.4bn as against -BRL70.1bn over the same period last year. However, the fiscal balance deteriorated more sharply in H2 last year as...
Fed challenged by international developments and not yet decisive data
Jul 02, 2015 21:52 pm UTC| Commentary
Developments in Greece and China further complicate the Feds decision-making process. Although contagion has remained muted so far, international developments imply greater uncertainty for the global backdrop. This comes...
China struggles to support equities and growth
Jul 02, 2015 21:45 pm UTC| Commentary
In parallel to the political drama in Greece, Chinas authorities took decisive easing measures last weekend, including benchmark rate cuts, RRR cuts and a relaxation of margin regulations. This was a direct response to...
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
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects