United States:
We stick to our view that the trade deficit is likely to worsen going forward, with direct implications for the balance of payments on the current account. Given the present drying-up of global capital flows, we believe that the currency will likely remain weak, forcing the SARB to keep rates on hold for longer than the market expects.

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United States:
We stick to our view that the trade deficit is likely to worsen going forward, with direct implications for the balance of payments on the current account. Given the present drying-up of global capital flows, we believe that the currency will likely remain weak, forcing the SARB to keep rates on hold for longer than the market expects.

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United States:
We provide our weekly review and preview of the US market and data releases.

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Mexico:
Despite facing a tax- and fuel-related price shock, we are reiterating our out-of-consensus call that the central bank will remain on hold this year.

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China:
There has been tremendous uncertainty about economic and policy outlook of late. In such times we tend to look to recent history for guidance.

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