U.S. GDP growth likely to accelerate in H2

Jun 25, 2015 18:43 pm UTC| Commentary

Underlying momentum in U.S. economy stronger than GDP growth suggests and Standard Chartered expects a solid H2-15. After a dismal start to the year, Standard Chartered forecasts GDP growth will accelerate to 3.0% on...

Outlook for US rates

Jun 25, 2015 17:57 pm UTC| Commentary

Standard Chartered notes:Market still has to adjust to the coming H2-2015 tightening cycle: 2Y-5Y sector to be most sensitive.10Y UST rate likely to be range-bound in coming months; our year-end 2015 forecast is...

Fed and EM vulnerability

Jun 25, 2015 17:37 pm UTC| Commentary

Whether liftoff is in September or December, the onset of the Feds hiking cycle is approaching. This has brought EM vulnerabilities into sharper focus.Countries resilience to external risks has changed since the 2013 taper...

Canadian export sector to meaningfully contribute to economic momentum in the months ahead

Jun 25, 2015 16:57 pm UTC| Commentary

The sharp decline in oil prices over the past year has led to a pull back in profits and investment in the energy sector, and called into question the future drivers of Canadian economic growth."We believe exports will...

Canada small business confidence slips in June

Jun 25, 2015 16:40 pm UTC| Commentary

The CFIB business barometer fell to 59.4 in June, from 60.6 in May. This marks the second biggest drop since the beginning of the year. With todays reading, national business confidence is down 4 points compared to the...

Brazil's growth deceleration closely tracks deteriorating terms of trade

Jun 25, 2015 16:24 pm UTC| Commentary

Brazils growth trajectory and the BRL trend through cycles are closely linked to the terms of trade. Since peaking in mid-2011, Brazils terms of trade has been on a downturn, as sharply falling export prices have...

U.S. consumption is back on track

Jun 25, 2015 15:45 pm UTC| Commentary

US personal income and spending rose more than expected in May, as solid household incomes gains continued and real consumption advanced at the fastest pace since August of last year. The rebound in consumption drew down...