Latin America Data Response Brazil & Mexico Manufacturing PMI (Jun.) June’s manufacturing PMIs from Latin America were the proverbial mixed bag. The good news is that the pace of contraction in Brazil’s manufacturing sector seems to be easing. More ominously, the PMI... 1st July 2015 · 1 min read
Capital Daily Is the bear market on China’s mainland a threat to other EM equities? 1st July 2015 · 1 min read
Emerging Europe Economics Update Romanian MPC takes further rate cuts off the table The National Bank of Romania pinned its decision to keep interest rates on hold earlier today (rather thancut them further) on concerns about contagion from the Greek crisis. And judging by the... 1st July 2015 · 1 min read
US Housing Market Data Response Mortgage Applications (Jun.) Home purchase mortgage applications edged higher again in June despite another big rise in interest rates. The pace of growth has slowed, but we are hopeful that mortgage demand can make more... 1st July 2015 · 1 min read
Africa Data Response Kenya GDP (Q1) Kenyan GDP growth slowed to 4.9% y/y in Q1 due to a contracting tourism sector and tepid growth in the agricultural industry. However, we think that the slowdown has bottomed out and that growth will... 1st July 2015 · 1 min read
Europe Economics Update Tsipras blinks, but Grexit risks are still high The expiry of Greece’s second bailout programme and its “default” to the IMF have raised the crisis to a new level. With latest polls suggesting that a majority of voters will vote to reject the... 1st July 2015 · 1 min read
US Economics Update “Grexit” alone unlikely to deter the Fed from raising rates The Fed would, of course, be reluctant to hike rates for the first time since 2006 in the midst of another global financial crisis triggered by Greek exit from the euro. However, we do not expect... 1st July 2015 · 1 min read
Latin America Economics Focus After the commodities boom – what next for Latin America? The big falls in global commodity prices are probably behind us but, in the absence of a renewedboom, the growth outlook for much of Latin America will remain depressed. 1st July 2015 · 1 min read
Africa Data Response South Africa Manufacturing PMI (Jun.) South Africa’s manufacturing PMI rose to 51.4 last month, providing another signal that the economy picked up a little in the second quarter. 1st July 2015 · 1 min read
UK Data Response Markit/CIPS Report on Manufacturing (Jun.) June’s disappointing Markit/CIPS report on manufacturing suggested that the industrial side of the economy is playing no role in the economic recovery at themoment – indeed, it may even have dragged... 1st July 2015 · 1 min read
Emerging Europe Data Response Manufacturing PMIs (Jun.) Last month’s manufacturing PMIs for Emerging Europe provide further evidence thatthe Central European economies have shrugged off the deepening crisis in Greece.The surveys also suggest that the slump... 1st July 2015 · 1 min read
Europe Economics Update For how long will low oil prices boost spending growth? The declines in oil prices since last summer might add as much as 1 percentage point to euro-zone consumer spending growth this year. However, unless oil prices fall further, which we do not expect... 1st July 2015 · 1 min read
India Data Response Manufacturing PMI (Jun.) The drop in India’s manufacturing PMI reading in June highlights the fact that, despite recent signs of a recovery in activity, local industry continues to face significant headwinds. 1st July 2015 · 1 min read
Asia Data Response Manufacturing PMIs (Jun.) Most of Emerging Asia's PMIs for Emerging Asia fell back in June, suggesting the region's manufacturing sectors remain in the doldrums. In the two economies where the PMIs most closely track the hard... 1st July 2015 · 1 min read
China Data Response Manufacturing PMIs (Jun.) Today's PMI readings were slightly weaker than expected but do not change the general picture, which is that growth is recovering on the back of both an improvement in external demand and a policy... 1st July 2015 · 1 min read
RBA Watch Biding its time The mixed tone of the data released since the Reserve Bank of Australia’s (RBA) last policy meeting probably isn’t enough to spur the Bank to cut interest rates from 2.0% at the meeting scheduled for... 1st July 2015 · 1 min read
