Other Markets
HSBS Macrobullets – Thursday
TOP ECB rate decision today. Over the past week, analysts have scaled back rate expectations after Trichet has on a number of occasions noted that they can keep standard and non-standard measures separate, raising expectations for additional non-standard measures. These could include resuming the covered bond purchases, introducing a 12m LTRO or cutting the deposit […]
Emerging Markets Economics Daily
Latin America Brazil: Industrial production decline of 0.2% mom in August was in line with market forecast Colombia: CPI data for September will be published today; we expect the data to show that headline inflation was 0.03% mom last month
Emerging Markets Economics Daily
Latin America Brazil: We expect a slight decline in industrial output in August (data due to be released today, 8am EDT) Mexico: Real GDP growth expectations worsened slightly and inflation projections improved in the latest central bank survey of private sector expectations
Technical Focus: Industrial metals technical weekly
Copper – new round of weakness Nickel – next attempt to enter the support zone Alu – new cycle low printed
What matters today (Asia edition)
Developed macro 1. ECB meeting on Thursday is the obvious focal point of another eventful week in the Eurozone. Greece still in the spotlight, but no decision expected at today’s Eurogroup meeting. 2. Datawise, the final releases of Eurozone PMI indices today should remain consistent with economic weakness in the periphery. 3. The US ISM […]
EM bond fund flows: biggest weekly outflow on record
Data published this morning shows that EM bond funds saw their biggest weekly outflow on record (in absolute terms) at USD3.2bn. As we have highlighted in our fund flow report last week the serious underperformance of JPM-GBI vs. the UST will likely lead to outflows from EM bond funds. Data published this morning confirmed our […]
What matters today (Asia edition)
Developed macro 1. EFSF approvals fail to provide a lasting boost to sentiment as peripheral worries and growth concerns remain elevated After Germany yesterday, Austria is expected to approve the EFSF 2.0 today 2. Eurozone HICP inflation is likely to surprise to the upside by rising to 2.7% YoY
Daily Financial Markets Monitor: September 28, 2011
Global stocks dropped 1.3%. Developed markets tended to fare worse than developing markets. US shares fell 2.3%, erasing yesterday’s gains. Euro area stocks slipped 1.2%. Japanese shares ticked up 0.1%. Emerging market equities dropped 0.5% on the whole.
Emerging Markets Cross Assets: Shooting at moving targets
With recent volatility recalling memories of autumn 2008, the way forward is very unlikely to be either straightforward or smooth. However, while the present investment environment is difficult it offers potentially large gains.
EEMEA morning thoughts, 27 September 2011
Russia’s political reshuffling: Finance Minister Kudrin dismissed. The situation with Finance Minister Kudrin expressing intention to leave his position after the March 2012 presidential elections under a (future) PM Medvedev has developed quickly. Yesterday President Medvedev demanded that Mr Kudrin resigns or reconsiders his position.
German IFO fell to 107.5 in September from 108.7 a month ago
In September, the German IFO business index fell to 107.5 (a 15-month low) from 108.7 reported for August, with the decline having been less pronounced than was widely feared (market estimate: 106.5, BarCap: 108.5).
Technical Focus: Industrial Metals Technical Weekly
Industrial metals technical weekly: Even it feels like catching a falling knife…we think the stage is set for a potential rebound. Several markets has reached expected firm support levels hence a bounce would fit very well into the larger picture.