Brazil - BCB likely to keep 50bps tightening pace in 3 June meeting
May 28, 2015 22:05 pm UTC| Commentary
The Banco Central do Brasils (BCBs) monetary policy committee (COPOM) is scheduled to decide rates on 3 June. The COPOM has been expressing a more hawkish tone than anticipated given the advanced stage of the hiking cycle...
China's manufacturing sector likely continued to face difficulty
May 28, 2015 21:54 pm UTC| Commentary
China will release the official manufacturing PMI for May on 1 June. The reading is expected to have declined to 49.9 from 50.1 in April on prolonged weak demand. The ongoing housing market correction and slow...
Indonesia's inflation may have picked up in April
May 28, 2015 21:43 pm UTC| Commentary
Indonesias National Statistics Agency (BPS) will release May CPI data on 1 June. Headline inflation is expected to have picked up to 0.5% m/m (7.1% y/y) in May from 0.4% m/m (6.8% y/y) in April, and core inflation to have...
US - No Economic Growth Could Challenge The Fed’s Dual Mandate
May 28, 2015 21:15 pm UTC| Commentary
The Federal Reserve is facing the conundrum of dual mandate progress but no economic growth, and this may be showcased again next week in book-ended fashion that starts the week with dovish overtones and possibly ends it...
May 28, 2015 20:43 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields traded in an expanding range between 2.12% and 2.15% while the 2yr yield fell from 0.65% to...
May 28, 2015 20:43 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond yields extended yesterdays CAPEX-led decline (it was at 2.07% prior to the release) from 1.96% to 1.93%. The 10yr yield similarly slipped from 2.78% to 2.75%, having...
May 28, 2015 20:42 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: Despite last nights recovery, a retest of 1.0575 is on the cards.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ has a conditional...
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
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight