Trade / BOP
Highlights Analysis on Indonesia is available below. EM financial markets have diverged from the global growth indicators they have historically correlated with. This raises doubts about the sustainability of this rally. In China, broad bank credit has…
Highlights So What? Optimism over a U.S.-China trade deal is becoming excessive. Why? Presidents Trump and Xi appear to want a deal but their late March summit is not yet finalized. Several news reports supporting the bullish consensus are…
China: Stimulating Amid The Trade Talks (Part Three…
China: Stimulating Amid The Trade Talks (Part Two…
China: Stimulating Amid The Trade Talks (Part One…
Highlights So What? China’s January credit data suggest that stimulus is here. Why? January credit growth was a blowout number. Trade uncertainty is likely to be prolonged with an extension of talks. Equity bourses in South Korea and Russia are…
U.K. Balance Of Payments…
Euro Area Balance Of Payments…
U.S. Balance Of Payments…
Highlights The U.S. basic balance is the strongest it’s been in decades. However, the White House’s profligacy threatens this positive. The euro area basic balance is also healthy. Now that the European Central Bank has ended its asset purchasing program…