Asian credit likely to return c.4.7% in 2015
Jun 17, 2015 12:13 pm UTC| Commentary
After a reasonably strong start to the year, Asian credit was impacted by the sell-off in USTs in late May and early June. Total return stood at c.1.4% as of 10 June. HY corporates have been the clear outperformer - the...
Brazilian Economy in 2015 likely to see worst contraction since 1990
Jun 17, 2015 12:10 pm UTC| Commentary
The Brazilian economy in 2015 is likely to see the worst contraction since 1990. With the consumption outlook deteriorating fast due to the weakening labour market, tightening social security spending and higher inflation...
Fall in labour market leaves little hope of consumption to increase
Jun 17, 2015 11:51 am UTC| Commentary
The shape and outlook of the labour market in particular and the overall economy of Brazil in general, offer little hope of a near-to-medium-term revival in consumption. In fact, the labour market is expected to...
April industrial production indicates fall in Brazil's Q2 GDP
Jun 17, 2015 11:42 am UTC| Commentary
The sharp decline in Brazils industrial production (-7.6% yoy) already suggests an overall supply side contraction of -2.7% yoy in April. The economy also likely contracted heavily in April on a sequential basis, implying...
Brazil's April retail sales indicates drop in consumption
Jun 17, 2015 11:38 am UTC| Commentary
Brazils retail sales were down -0.8% yoy and -6.6% qoq (annualised rate) in Q1 15, leading to an overall contraction of -5.9% qoq (annualised rate) in private consumption. Given the steep decline in retail sales in April...
Indonesia's external sector concerns to weigh on the decision
Jun 17, 2015 11:21 am UTC| Commentary
Domestic demand in Indonesia seems to be weaken, in that context, BI would have little monetary policy space to cut rates in order to prop up the weak demand.Societe Generale forecasts, 2015 GDP would grow at a rate of...
Gold price hardly changed ahead of Fed meeting
Jun 17, 2015 10:44 am UTC| Commentary
Gold trading largely unchanged at around $1,180 per troy ounce today morning. Meeting of the US Federal Reserve and the subsequent press conference given by Fed Chair Yellen will attract market attention today. The Fed is...
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