Latest articles in Global Macro

UniCredit Macro & Markets Weekly - Fed tapering likely to start by year-end

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...
UniCredit Roberto
Roberto Mialich @ UniCredit 17 September 2021

Croatia: CPI inflation speeds up further to stronger-than-expected 3.1% y/y in August

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.
EmergingMarketWatch Research
Research Team @ EmergingMarketWatch 17 September 2021

South Africa Rand's resilience to be tested, second most volatile EM currency

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)...
ETM Analytics Daron
Daron Hendricks @ ETM Analytics 17 September 2021

Pinduoduo's performance reinforces industry position, agriculture is next engine

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...
EqualOcean Fuller
Fuller Wang @ EqualOcean 17 September 2021

Nigeria's depreciating naira and the CBN's next move

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...
Tellimer Research Janet
Janet Ogunkoya @ Tellimer Research 17 September 2021
Nigeria's depreciating naira and the CBN's next move
Nigeria's depreciating naira and the CBN's next move

CN : Strategy - Stabilizing retail sales

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....
Mark Po @ CGS-CIMB 17 September 2021