Global Macro

Macro: On Wednesday, the Fed is likely to indicate that tapering will start before year-end, while lower growth forecasts could see a small shift downward in the dots. The BoE could turn hawkish on Thursday. The eurozone composite PMI will probably s...

Further acceleration of food prices increase main driver of inflation acceleration in month. Transport, food, housing, alcohol and tobacco prices main driver of consumer price inflation in August.

Until last month global FX volatility was in the doldrums, so much so that the JP Morgan G7 Currency Volatility Index (a reliable gauge for foreign exchange volatility on a global scale and major developed and emerging market economies, respectively)...

China's largest e-commerce company is transforming its development strategy. Pinduoduo turned losses into gains for the first time in the second quarter of 2021. In Q2 2021, the company achieved revenue of CNY 23.05 billion, up 89% year-on-year. At t...

Since the Central Bank of Nigeria (CBN) banned the sale of FX to bureaux de change (BDCs) and froze the accounts of several fintech firms, the naira has taken the turn for the worse. The CBN's several unorthodox attempts to stabilise the naira this y...

The Ministry of Commerce (MoC) issued a "Notice on furthering the key tasks of promoting consumption in the current business field” yesterday. This was not a surprise, as yoy growth of retail sales slowed down substantially in Aug 21, and some....