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Events
Databanks
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Argentina databank May 13 -
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 May 12
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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 16
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Hungary databank Apr 22
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India databank Apr 28
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Mexico databank May 12
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Panama databank May 13
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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 May 12
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South Africa databank May 6
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Turkey databank Apr 24
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Ukraine databank May 12
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Venezuela databank May 5
NEWS FLASH
WEBINAR - LATIN AMERICA: FISCAL PRESSURES AND POLITICAL SHIFTS...
COUNTRY INSIGHTS
Variables that may impact the election and other weekly topics
BRAZIL POLITICS · Report · 24 Oct 2022
This is the last week of campaigning. The campaigns end on Friday, October 28. On the same day, the final debate between the candidates for the Presidency of the Republic will be held on TV Globo. Jair Bolsonaro and Lula have both confirmed their participation. The election will take place on Oct...
A good couple of months
ECUADOR · Report · 24 Oct 2022
Ecuador has had good news both domestically and from abroad in the last two months. On October 14, the government and CONAIE ended successfully—albeit with differing levels of satisfaction—the negotiation tables that were established after the violent riots of last June. With the mediation of the...
Former Federal Deputy Roberto Jefferson shot at federal police officers yesterday, the runoff round of the elections will be held on Sunday, October 30, and 14 polls on the elections will be published by then
BRAZIL POLITICS · Report · 24 Oct 2022
Roberto Jefferson eventually turned himself in and was arrested. Moraes's order to arrest Jefferson came shortly after Jefferson verbally attacked STF Minister Carmen Lucia. The episode had huge repercussions in the press and could spill over into President Jair Bolsonaro’s campaign. Next Sunday,...
Housing dynamics are likely to support price moderation
ISRAEL · Report · 24 Oct 2022
1. Housing dynamics support lower housing purchase prices in 2023. 2. We expect housing rental prices to moderate as well, supportive of lower inflation. 3. Consumer confidence has declined, and private consumption appears to be decelerating, supportive of weaker demand-push inflation.
Line in the sand for the peso (2)
PHILIPPINES · In Brief · 24 Oct 2022
Finance Secretary Benjamin Diokno wisely walked back today his comments about government’s plan to defend the peso (see In Brief with same title released 22 October). Based on the Bloomberg report we saw, the key message is that the BSP is independent and its policy decisions are made by the seve...
Final countdown is starting
TURKEY · Report · 23 Oct 2022
Putin’s out-of-the-blue proposal to turn Turkey into a NG hub for Russian gas is impractical, but it immediately raised eyebrows in the West, with the Biden administration openly putting the sanction threat on the table. Painful sanctions are not imminent, but possible. After the draconian cen...
Housing dynamics are likely to support price moderation
ISRAEL · In Brief · 23 Oct 2022
Housing dynamics support lower prices in 2023 New home sales declined by 4.6% m/m and by 47% y/y in August. This trend is expected to continue as mortgage rates have move higher. Weaker demand is expected as housing supply accelerates in 2023. Residential investments are extremely elevated as hou...
Ukraine losing electricity due to Russian missile attacks
RUSSIA / FSU POLITICS · In Brief · 23 Oct 2022
On October 22 Russian missiles hit energy infrastructure in west Ukraine. Several regions experienced power cuts. Other regions had electricity restrictions. Much of the country has to reduce use by 20% including Kyiv. Ukraine is hastening to restore electricity. Water supplies have also been dis...
US and Russian defense chiefs speak by phone
RUSSIA / FSU POLITICS · In Brief · 22 Oct 2022
On October 21 Lloyd Austin and Sergei Shoigu spoke about the Ukraine War. Russia confirmed this on the government Telegram channel. Washington DC and Moscow have had the hotline since the Cuban Missile Crisis of 1962. The US suggested keeping this hotline active in the Ukraine War in case somethi...
Line in the sand for the peso
PHILIPPINES · In Brief · 22 Oct 2022
We are not alone in scratching our heads over why Finance Secretary Benjamin Diokno, The Banker’s “Global Central Banker of the Year 2022,” said what he said. Briefly, Bloomberg[1] reported Secretary Diokno saying: (a) government is trying to prevent the peso from breaching P60/$; (b) it is prepa...
EU sanctions Iran for arming Russia
RUSSIA / FSU POLITICS · In Brief · 21 Oct 2022
On October 21 the EU sanctioned three generals and an arms company accused of selling drones to Russia. Shahed Aviation Industries is the company. All EU countries agreed onto the sanctions. Ukraine claims to have shot down many Iranian drones. Iran denies supplying drones to Russia. Russia says ...
GULF WEEKLY: Saudi issues bonds, Kuwait forms a new government, ADQ takes on Etihad
GULF COUNTRIES · Report · 21 Oct 2022
A skimmable summary overlaid with our analysis and links. Headlines: * Saudi Arabia issued $5bn in bonds/sukuk and tendered to buy back $1bn maturing in the next four years. * A Saudi PR campaign insisted the OPEC+ cuts were non-political and that it is not siding with Russia. * Moody’s cred...
The Minister of Economy discusses changes to the minimum wage, TSE Minister Maria Cláudia Bucchianeri suspends the Court decision regarding Lula’s right to reply to Bolsonaro’s campaign accusations, and Bolsonaro will be interviewed tonight
BRAZIL POLITICS · Report · 21 Oct 2022
President Jair Bolsonaro (PL) said Economy Minister Paulo Guedes announced there will be an increase in the minimum wage and the salaries of civil servants in 2023. A supporter of Lula, Federal Deputy André Janones, said that the government would reduce the increase in the value of the minimum wa...
The 2023-2025 rolling budget gets shaped
KAZAKHSTAN · In Brief · 21 Oct 2022
The Deputy Finance Minister Mr. Birzhanov, presented in Kazakhstan’s Parliament the 2023 republican budget, along with its projections for 2024-2025. Revenues should reach KZT18.8 trillion in 2023, i.e., over KZT2.0 trillion above revenue expected in 2022. These revenues include the so-called gua...
Russia: a brief market watch
RUSSIA ECONOMICS · In Brief · 20 Oct 2022
The oil price remains volatile. In early October, it moved up as OPEC+ decided to cut production, then it slid on the back of general fears of potential economic recession. The US decision to sell 15 million barrels of oil from the Strategic Petroleum Reserve also influenced the market. The Russi...