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Events
Databanks
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Argentina databank Apr 30 -
Brazil Economics databank Apr 14
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Central America databank May 1
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Chile databank Apr 7
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China databank Mar 21
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Colombia databank Apr 28
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Dominican Republic databank Apr 28
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Ecuador databank Apr 22
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Gulf Countries databank May 9
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Hungary databank Apr 22
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India databank Apr 28
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Mexico databank Mar 25
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Panama databank Jan 28
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Peru databank Apr 28
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Philippines databank May 8
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Poland databank Apr 29
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Russia Economics databank Apr 11
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South Africa databank May 6
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Turkey databank Apr 24
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Ukraine databank Mar 6
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Venezuela databank May 5
NEWS FLASH
UPCOMING WEBINAR - PANAMA IN FOCUS: US RELATIONS, CANAL STRATEGY AND FI...
COUNTRY INSIGHTS
The markets will react to the legislation developments this week
ISRAEL · In Brief · 24 Jul 2023
The markets will react the legislation developments this week 24.7.23 The financial markets are optimistic regarding a compromise Last week witnessed an upward correction in local markets, including the bond market and FX. This could reflect an expectation for a positive compromise on the judicia...
Russia attacks Ukrainian ports with missiles
RUSSIA / FSU POLITICS · In Brief · 23 Jul 2023
On July 12 Odesa was hit for the fifth consecutive day. It is the biggest port in Ukrainian hands. Russia ended the Black Grain Initiative on July 19. It seems that Russia is trying to make it impossible for Ukraine to export grain even without the BSGI. There has been talk of the ships of neutra...
Waiting for the Inflation Report
TURKEY · Report · 23 Jul 2023
This is another econ-only report, as the politics author is in transit after holding several rounds of meetings in New York, which he will report on, among other things, during the week. Consumer confidence dropped sharply again in July, owing to TL weakness and as the effect of pre-election s...
Marcos 2.0: Year 2 to-dos
PHILIPPINES · In Brief · 23 Jul 2023
When Ferdinand Marcos, Jr. assumed power at the end of June last year, we listed five areas where the new administration needed to take fire-fighting stances to speed up post-pandemic recovery. These were: (a) battling inflation and putting fiscal consolidation on more solid footing to ensure mac...
GULF WEEKLY: Turkey and Tunisia get Gulf aid, Kuwait plans a new SWF, Bahrain’s GDP is weak in Q1, Oman merges pension funds
GULF COUNTRIES · Report · 21 Jul 2023
A skimmable summary overlaid with our analysis and links. Headlines: * ADQ pledged to buy $8.5bn in Turkish sukuk, driving a rally, as part of a wider package of UAE deals. * Tunisia received $500m in grant and loan pledges from Saudi Arabia, boosting its bonds.o * Saudi Arabia signed a larg...
The Republicanos and the PP will likely be given positions in the ministerial team, the government should submit a bill on sports betting, and Haddad met with Lira to discuss the agenda for the second semester
BRAZIL POLITICS · Report · 21 Jul 2023
This week ends without a determination regarding Ministerial Reform. In Brasilia, the fact that the Republicanos and the PP will be given a ministry is being taken for granted. But President Lula is still trying to choose which ministry. In the coming days, the government also intends to submit t...
Topic of the week: Lifting CCA growth forecasts
CAUCASUS / CENTRAL ASIA · Report · 21 Jul 2023
Strong early 2023 economic showing in the Caucasus and Central Asia warrants a review of our already more constructive view on GDP growth in the region. Indeed, average GDP growth inched down to 6.8 percent in 1Q23 from 7.8 percent in 4Q22, and remained virtually flat if one were to exclude Azer...
China’s "schizophrenic" economic policy
CHINA ADVISORY · Report · 21 Jul 2023
The People’s Daily on July 20 published a policy statement issued July 14 by the Party’s Central Committee calling for promotion of the private sector. The statement was entitled “Opinions of the Central Committee of the Communist Party of China and the State Council on promoting the development ...
US sanctions Kyrgyzstan for helping Russia evade sanctions
RUSSIA / FSU POLITICS · In Brief · 21 Jul 2023
On July 21 the US announced that sanctions were being imposed on 120 companies in Kyrgyzstan and Russia. The United States said that the Kyrgyz companies had helped Russia to circumvent sanctions. The US is trying to cut off Russian access to raw materials, manufactured goods and financing. The c...
Another warning from the EU Commission
HUNGARY · In Brief · 20 Jul 2023
It is always difficult to tell what causes any particular move by currency exchange rates. But as regards the forint's most recent weakening against both EUR and USD over the last two days, it can be rather safely said that a new warning from the EU's budget commissioner Johannes Hahn played some...
A matter of words vs deeds
TURKEY · Report · 20 Jul 2023
The CBRT/MPC raised the policy rate (one-week repo rate) by a less than expected 250 bps today (vs. a median forecast of about 500 bps hike) to 17.5% (see chart), but broadly in line with our expectations (of some 200-300 bps hike). Recall that we’ve been working with the assumption of the MPC ge...
Russia: a brief market watch
RUSSIA ECONOMICS · In Brief · 20 Jul 2023
The new attack on the Crimea bridge and the termination of the "grain deal" made investors nervous again, which prevented the ruble from moving below the R/$90 benchmark. At the same time liquidity in the banking sectors is shrinking, and the cost of funding is rising. The latter means that in th...
Changes in the ministerial team are expected in August, Haddad spoke about creating a tax on exclusive investment funds, and Tebet commented on the work that needs to be done in the second semester
BRAZIL POLITICS · Report · 20 Jul 2023
The Centrão is pushing for more space in the government. Andre Fufuca (PP) and Silvio Costa Filho (Republicanos) are the most likely members of Congress to be chosen to become ministers. A change in the ministerial team is expected in August but the exact changes have not yet been decided. Yester...
Peru: Peaceful protests
PERU · In Brief · 20 Jul 2023
Last night the announced protests by the leftists groups and unions took place. They were more peaceful than anticipated and according to Interior Minister, Vicente Romero, gathered in total 21,000 protesters, of whom 8 were injured (4 civilians and 4 policemen) and 6 detained. Although the prote...
Russia destroys Ukrainian grain silo
RUSSIA / FSU POLITICS · In Brief · 19 Jul 2023
On July 19 Ukraine said missiles had destroyed 60,000 tonnes of grain and damaged export infrastructure. This came 2 days after the Black Sea Grain Initiative ended. On July 18 Russia hit Ukrainian ports. Russia noted that the Ukrainian air defense was ineffective. It seems that Kalibr and Onyx m...