Central Bank of Russia may cut its policy rate by 100bp
Mar 12, 2015 17:29 pm UTC| Commentary
After the EM currency sell-off, the ruble has recovered some of its losses and is up against the US dollar over the past month.This could likely to be the deciding factor behind the CBRs decision.Capital Economics notes in...
Mar 12, 2015 17:00 pm UTC| Commentary
Correlations with data and fundamentals suggest that EUR/USD may have overshot. However, the market is not trading as if it is short Euro. Central bank reserve managers are also contributing to the Euros weakness. BofA...
Subdued consumer spending will hinder US GDP print in Q1
Mar 12, 2015 16:51 pm UTC| Commentary
US retail sales were expected to rebound but actually declined 0.6 percent last month (the third straight month of declines) and the year over year increase is a paltry 1.7 percent.Internet sales were up 2.2 percent in...
Canadian household debt could accelerate more than expected in 2015
Mar 12, 2015 16:42 pm UTC| Commentary
Canadian national net worth increased 2.6%(q/q)in the fourth quarter of 2014 and 7% year-over-year - mostly on the back of the depreciation of the Canadian dollar and rising home prices. While governments scaled back their...
US first-quarter GDP growth likely to be a more modest 2.0% annualised
Mar 12, 2015 15:43 pm UTC| Commentary
US retail sales contracted by 0.6% m/m in Feb. Motor vehicle sales fell by 2.5% m/m and building materials sales fell by 2.3% m/m. In contrast, the value of sales at gasoline stations rebounded by 1.5% m/m, mirroring the...
RBI unlikely to shift its policy stance despite pick-up in inflation
Mar 12, 2015 15:17 pm UTC| Commentary
India consumer price inflation came in at 5.4% y/y in Feb, up from 5.2% in Jan (the latter was revised up from 5.1%). This was higher than most had expected (both our forecast and the Bloomberg median were 5.2%).Todays...
Canadian home price growth continued to slow in Feb
Mar 12, 2015 14:29 pm UTC| Commentary
The Teranet home price index for Canadas 11 largest cities rose 4.4% (year-over-year) in Feb, decelerating slightly from the 4.7% increase in Jan. This marks the fourth straight month of decelerating home price growth.The...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Why Germany ditched nuclear before coal – and why it won’t go back
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