Latin America Economics Update Argentina’s primaries put Scioli in the driving seat With most of the votes in Argentina’s primary elections now counted, it appears that Daniel Scioli, of the ruling left-wing Front for Victory coalition, is on course to win the Presidential elections... 10th August 2015 · 1 min read
Commodities Update China’s commodity import volumes hold up well China’s commodity import volumes were generally strong in July, for the second consecutive month. Although low prices probably encouraged buying, it is also likely that government stimulus is starting... 10th August 2015 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Jul.) The sharp fall in Egyptian inflation to a 13-month low of 8.4% y/y in July was due toboth lower food inflation and the unwinding of last year’s energy price hikes. Withinflation now back in single... 10th August 2015 · 1 min read
Emerging Europe Data Response Czech CPI (Jul.) The weaker-than-expected 0.5% y/y rise in Czech consumer prices last month may bethe first sign that the recent appreciation of the koruna is starting to drag downinflation. Even so, with the economy... 10th August 2015 · 1 min read
Canada Economics Weekly Renovation tax credit would only worsen housing excesses The Conservative campaign pledge to introduce a new home renovation tax credit if elected this autumn is possibly more misguided than the NDP and Liberal pledges to raise taxes during a recession... 10th August 2015 · 1 min read
Canada Data Response Labour Force Survey (Jul.) Employment increased by 6,600 in July, more evidence that the recent declines in output haven't been severe enough to induce employers to slash jobs. For the time being that's comforting. But if the... 7th August 2015 · 1 min read
US Economics Weekly Fed edging closer to first rate hike A September rate hike is looking more and more like a done deal, even though the incoming economic data have been decidedly mixed of late. 7th August 2015 · 1 min read
Emerging Markets Economics Update Winners and losers from the latest commodity collapse Of the major EMs, the biggest losers from the most recent fall in commodity prices have been Russia, Nigeria and Colombia, while the biggest winners have been Korea, India and Thailand. A similar... 7th August 2015 · 1 min read
Capital Daily Solid US jobs report leaves Fed on track for September rate hike 7th August 2015 · 1 min read
Commodities Update Corn prices to fall, despite lower EU harvest Despite a large downgrade to the outlook for the EU’s 2015 corn harvest, global supplies and stocks are likely to remain high. As such, we think the price of corn will fall further this year. 7th August 2015 · 1 min read
UK Economics Weekly MPC still too cautious on productivity Once again, the Monetary Policy Committee (MPC) surprised many by the extent of its downward revision to the inflation forecast in its latest Inflation Report and the Governor poured cold water on... 7th August 2015 · 1 min read
Energy Chart Pack Oil slides back down July was a tough month for energy commodities with oil and coal prices slumping again as worries about demand, prompted by the drop in the Chinese equity market, and signs of improving supply weighed... 7th August 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jul.) The fall in Mexican inflation in July to a new record low of 2.7% y/y brought further evidence that the continued depreciation of the peso isn’t fuelling price pressures. With inflation falling... 7th August 2015 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Jul.) The further rise in Brazilian inflation last month to a twelve-year high of 9.6% y/y underscores the need for policymakers to keep interest rates high, even if – as they have signalled – the... 7th August 2015 · 1 min read
UK Housing Market Chart Pack Activity rises despite limited stocks of homes for sale Housing market activity and prices will see further gains this year, as a sustained rise in wages and increased availability of mortgage lending tempt more buyers into the market. But a gradual rise... 7th August 2015 · 1 min read
Europe Economics Weekly Can the Spanish economy keep its place in the sun? Spain is set to remain the fastest growing of the major euro-zone economies for the next few quarters. But while the economy’s fundamentals have improved, the recent impressive growth rates also rest... 7th August 2015 · 1 min read
