Latin America Economics Update Resignation of BCRA Governor opens door to more unorthodoxy The resignation of the Governor of the Argentine central bank (BCRA) opens the door for even more unorthodox economic policy. With no end in sight to the government’s debt dispute, and policymaking... 2nd October 2014 · 1 min read
Europe Chart Pack Economic weakness spreads to Germany The latest survey indicators seem to have confirmed that the euro-zone’s feeble recovery has already passed its peak. September’s fall in the composite PMI, for example, left it consistent with a... 1st October 2014 · 1 min read
Emerging Markets Economic Outlook Investors face up to “new norm” for EM growth Investors have started to face up to the prospect that previous hopes of a significant rebound in EM growth are likely to be disappointed. But while the new normal for EM growth is going to be much... 1st October 2014 · 1 min read
Africa Economics Update SA PMI points to recovery, but manufacturing still sluggish The pick-up in South Africa’s manufacturing PMI in September provides further evidence that the sector has come out of its recent slump. But even so, activity remains extremely weak and the prospects... 1st October 2014 · 1 min read
Global Markets Update Is foreigners’ appetite waning? August was the fifth month in a row in which there were net inflows into global ETF and mutual funds that invest in emerging market assets. Admittedly, there was a small net outflow from funds that... 1st October 2014 · 1 min read
Latin America Economics Update Lat Am markets suffer more than most in latest EM sell-off Markets in Latin America have been hit particularly hard in the latest EM sell-off. A combination of factors has been responsible, including falling commodity prices and a renewed focus on the likely... 30th September 2014 · 1 min read
Emerging Europe Chart Pack Currency sell-off highlights divisions in rate outlook The sharp sell-off in the Russian ruble and Turkish lira this month couldn’t have come at a worse time for policymakers. Growth is sluggish in both countries, but high inflation and concerns about... 30th September 2014 · 1 min read
Asia Economics Update Aussie and Kiwi dollars lead Asia’s currency sell-off Asia’s financial markets performed poorly in September, largely reflecting concerns about the outlook for US monetary policy. The New Zealand and Australian dollars were the worst performers, but... 30th September 2014 · 1 min read
China Economics Update Protests overshadow equity opening in Hong Kong October’s launch of the Shanghai-Hong Kong Stock Connect scheme has been eagerly awaited since it was announced earlier in the year. Now it risks being overshadowed by political unrest that raises... 30th September 2014 · 1 min read
EM Valuations Monitor Emerging Markets Market Valuation Monitor Since the end of August, emerging market currencies have generally depreciated against the US dollar. The Brazilian real has been the worst performer among those that we track. Although the real... 29th September 2014 · 1 min read
Africa Chart Pack South Africa comes back into the firing line The South African rand has come under pressure this month as renewed attention on monetary tightening in the US has put the country’s large current account deficit back into the spotlight. The latest... 29th September 2014 · 1 min read
Global Markets Update The dollar is likely to rise even further Rather than being a sign that global growth is faltering, the recent decline in international oil prices mainly reflects improving supply conditions. As such, it should provide a modest boost to... 29th September 2014 · 1 min read
Europe Economics Weekly Euro's drop doesn't let ECB off the hook The continued depreciation of the euro exchange rate points to much-needed increases in export growth and imported inflation in the coming months. But this does not eliminate the risk of deflation and... 26th September 2014 · 1 min read
Latin America Chart Pack Growth concerns come to the fore The past month has seen renewed concerns about the growth outlook for much of Latin America. GDP in the region grew by just 1.1% y/y in Q2 and the available data so far point to a similar pace of... 26th September 2014 · 1 min read
Emerging Europe Economics Update Turkey comes back into the firing line There has been a broad-based sell-off in Emerging European markets over the past month, but those in Turkey have suffered some of the heaviest losses as a renewed focus on Fed tightening has brought... 26th September 2014 · 1 min read
Emerging Markets Financial Risk Monitor Risks linger in parts of the EM world As the Fed moves towards a first interest rate hike, the Capital Economics Risk Indicator (CERI) shows that financial risks are at a decade low. As such, a systemic emerging market (EM) crisis seems... 26th September 2014 · 1 min read
