EUR review

Jun 17, 2015 14:06 pm UTC| Commentary

Western Union notes:Pre-Fed trade found the euro firmer against the dollar though underlying sentiment remained fragile with Greece reportedly no closer to striking a deal for more money which would be its ticket to remain...

Tug of war between China's growth and reforms

Jun 17, 2015 13:07 pm UTC| Commentary

China, Asias biggest economy and an important driver of sentiment both regionally and globally - is torn between the need to move away from an investment-led growth model and the need to avoid panicking markets. Growth...

Further fall in oil prices would broadly benefit Asia

Jun 17, 2015 13:00 pm UTC| Commentary

In terms of sovereign credit risk, lower oil prices are positive for Sri Lanka and Pakistan, as oil makes up 25-30% of their import bills. India and Indonesia also benefit via an improved current account position and...

Continued rise in oil prices could adversely affect Asia

Jun 17, 2015 12:56 pm UTC| Commentary

The impact of high oil prices on Asian economies is felt primarily through rising inflation and a possible fiscal impact if the subsidy burden rises. An oil-price shock would have a similar impact to a surprise Fed rate...

Euro area inflation continues to improve

Jun 17, 2015 12:31 pm UTC| Commentary

Final euro area consumer prices data released for May today. The annaual inflation is high as the beginning of the year, was mainly driven by volatile components, including energy and unprocessed food prices, says...

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...