Brazilian asset sell-offs to continue over finance minister change
Dec 21, 2015 09:04 am UTC| Commentary Economy
Market seems to be strongly disapproving governments decision on Friday to replace its well respected finance minister Joaquim Levy with President Dilma Rouseffs closer aide Nelson Barbosa. President facing probe and...
EMEA: Monetary policy decisions in Turkey and Israel
Dec 21, 2015 00:55 am UTC| Commentary Central Banks
In Turkey, the CBT recently communicated its intention to implement the simplification of interest rate policy following the Fed rate hike in December. In line with this strategy the CBT raised remuneration on FX required...
Congress in recess while situation keeps deteriorating in Brazil
Dec 20, 2015 23:14 pm UTC| Commentary Politics
Congress is in recess until February, giving Brazilian assets a temporary break from the political turmoil, as there will be no further progress in President Rousseffs impeachment process, House Speaker Cunhas corruption...
China's property market likely to weigh on economic growth in coming years
Dec 18, 2015 09:30 am UTC| Commentary Economy
In China, November new house prices show continuous signs of stabilization driven by a pick up in big tier 1 cities. The country does not release a price index nationwide, but the prices likely rose. The prices likely...
Saudi liquidity likely poor towards year end
Dec 18, 2015 09:25 am UTC| Commentary Economy
GCC markets might not have read the memo about the US Feds dovish hike. The 1 year and 2 year swaps moved higher yesterday towards 1.86 and 2.14% respectively. Liquidity is poor towards year end, but the direction seems...
Brazil Inflation likely to moderate from January 2016
Dec 18, 2015 07:47 am UTC| Commentary
Brazil IBGE inflation in December is expected by market consensus to be 1.13 month on month, while on yoy basis it is expected to be 10.65%. This suggests that the BRL depreciation and structural factors might be...
Fitch: China Growth Shock to Hit Energy, Shipping, Steel Most
Dec 18, 2015 01:11 am UTC| Research & Analysis
Energy, shipping and steel would be the hardest-hit sectors in Asia-Pacific (APAC) in the event of a sharp slowdown in Chinese growth, says Fitch Ratings. The sector outlooks for APAC steel and energy, and global shipping,...
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
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects