All eyes on Brazil's austerity measures vote
May 27, 2015 10:52 am UTC| Commentary
The Brazilian real continues under pressure and lost almost 2% vs. the USD closing at USD-BRL 3.1535 on Tuesday. Markets continue to await the voting results of the bills sent by President Rousseff to congress and that...
Has ECB saved the euro-zone again?
May 27, 2015 10:41 am UTC| Commentary
After saving the day with its pledge to "do whatever it takes" in 2012, the ECB has arguably now brought on a recovery with its quantitative easing programme. But analysts expect the policys effects to fade rather than...
INR corporate bonds are an attractive alternative to IGBs
May 27, 2015 10:30 am UTC| Commentary
The Indian LCY corporate bond market is one of the largest in Asia, after Chinas and Koreas (Figure 3). It is also arguably deeper and more liquid than all other LCY corporate bond markets in South/Southeast Asia. It has...
Trade balance not yet responding to the BRL depreciation
May 27, 2015 10:00 am UTC| Commentary
The improvement in the current account balance of Brazil (dollar terms) has occurred without any visible improvement in the trade balance year-to-date and despite the fact that imports have contracted heavily during this...
The UK economy after the election
May 27, 2015 09:26 am UTC| Commentary
While the Conservatives victory removed some of the uncertainty hanging over the economy, it has some more worrying implications - such as the renewed fiscal squeeze and the EU referendum. But we think that the recovery...
Surprisingly good plant conditions push US wheat price lower
May 27, 2015 09:24 am UTC| Commentary
Despite the heavy rainfall in the US wheat growing areas, the US wheat price shed nearly 4.5% yesterday to close at 493 US cents per bushel - the first time in two weeks that it has fallen below the 500 US cents per bushel...
Gold and silver fall to 2-week lows
May 27, 2015 09:22 am UTC| Commentary
Gold and the other precious metals were unable to resist the selling pressure on the commodities markets yesterday and likewise suffered significantlosses. The firm US dollar was chiefly to blame for the sliding prices, as...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects