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October 09, 2024
Brazil CPI Review: 0.4% Growth in September
October 9, 2024 3:00 PM UTC
In September, Brazil's CPI rose by 0.44%, aligning with market expectations and increasing the year-over-year rate to 4.4%. The surge was mainly driven by rising electricity prices, influenced by droughts impacting hydroelectric generation. While other categories behaved predictably, cost-push infla
Holding the Line: RBI Maintains Policy Rate Amid Economic Optimism
October 9, 2024 1:56 PM UTC
The Reserve Bank of India (RBI) has decided to maintain the policy repo rate at 6.50% and has shifted its stance to 'neutral' to balance the objectives of inflation management and economic growth. Although inflation has eased, the RBI remains cautious due to rising geopolitical tensions and increase
Preview: Due October 10 - U.S. September CPI - Core returning to trend, gasoline softer
October 9, 2024 12:26 PM UTC
We expect September’s CPI to increase by 0.1% overall with a 0.2% increase ex food and energy. We expect the core CPI to be very close to 0.2% even before rounding, but with a significant decline in gasoline prices expected, we expect the headline CPI to rise by only 0.06% before rounding.
Asia Open - Overnight Highlights
October 9, 2024 12:00 AM UTC
EMERGING ASIA
EM currencies perform mostly weaker against the USD as the greenback gained strength from stronger U.S. Treasury Yields. The only winners are INR with the largest gains of 0.22%, followed by INR 0.02%; the biggest loser is CNY by 0.63%, followed by TWD 0.32%, PHP 0.19%, KRW 0.15%, THB 0
October 08, 2024
SARB in 2025: Rate Cuts Will Continue
October 8, 2024 5:25 PM UTC
Bottom line: After South African Reserve Bank (SARB) started cutting the key rate on September 19 and decreased it from 8.25% to 8.0% given fall in inflation below midpoint of target band of 3% - 6%, suspended power cuts (loadshedding) and deceleration in inflation expectation, we now foresee the ra
Preview: Due October 24 - U.S. September New Home Sales - Extending a correction from a strong July
October 8, 2024 3:36 PM UTC
A September new home sales level of 705k, which would be a 1.5% decline if August’s 4.7% decline to 716k is unrevised, a decline that followed a strong 10.3% rise in July to 751k, the highest level since February 2022.
India CPI Preview: Inflation to Surge as Base Effects Fade
October 8, 2024 10:49 AM UTC
Bottom line:India’s September inflation level is expected to trend up to 4.1% y/y, given base effects. Global crude oil prices and heightened geopolitical tensions pose risks to inflation in the near term. Meanwhile, monetary policy is expected to remain tight and policy rate to be retained at 6.5
U.S. Fiscal Policy Post-Election: Temporary Fiscal Stress Rather Than a Crisis
October 8, 2024 9:30 AM UTC
We remain concerned that temporary fiscal stress will be evident in H1 2025, as rating agencies worry over the deficit/debt and interest rate trajectory that is unlikely to improve under either president. This leaves an event risk of a ratings downgrade from one of the major agencies, given that t
Asia Summary and Highlights 8 October
October 8, 2024 4:58 AM UTC
Japan labor cash earnings +3.0% y/y in August
Japan Overall Household spending +2.0% m/m
Japan economy minister Akazawa says drop in real wages is not good news
Chinese equities jumped almost 9% higher in the opening before retracing partial gains