Staff picks

Carry Trade: The Return of the King

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By Mariano Sanchez Moreno "The carry trade is back, long live the carry trade. Throughout Treasury's auctions we might see that when the rates in pesos were positive after hedging through FX futures (ergo investing in ARS yields USD gains) the FX faced less devaluation pressures. During the lasy weeks, the carry trade helped to “calm down” the dollar, which appreciated by 22% from the peak of ARS 244 at the end of last January. Will this FX peace last? The rate hiking by BCRA turned the spotlight on carry trade strategies, but it is currently offset by both rising futures’ prices and an accelerating inflation. Besides, there is an additional variable that could push-up the depreciation pace of the peso: the BCS’s cost, which is at a 15-month low. That said, it could encourage investors to take advantage of the state of affairs and to wire their USD abroad." Related dataset Financial - Argentina - Carry...

COVID third wave?

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By The Economist @TheEconomist "Cases of covid-19 in Britain are nearly as high as they were in January. However the fatality rate is a fraction of what it was. Click to read how masks and booster vaccinations should help keep the virus at bay in the rich world." Related Dataset: Misc - Global - OurWorldInData Coronavirus Dataset -...

US unemployment and price growth

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By Scott Lincicome @scottlincicome "Via San Francisco Federal Reserve: "The results show that the increase in labor market tightness, attributable to the [stimulus package], is expected to cause inflation to increase by about 0.3 percentage point in 2021 and by a bit more than 0.2 percentage point in 2022" Related Datasets: Labour & Income - USA - BLS - Employment & Unemployment Inflation - USA - BLS - Consumer Price Index - U.S. City Average Activity - USA - BLS - Labour Market stats -...

Argentina Industrial Production

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By Matias Kulfas @KulfasM "The industrial production estimates by CEPXXI for September are very encouraging. Industry performed 14.7% above September of 2019, 8.9% above September of 2018, and 8.4% above the 2019 average." > 14 out of 14 sectors used more energy (correlated with output) in September of 2021 than in the same month of 2019. 64% of industrial firms produced more than in September of 2019. Related Datasets Activity - Argentina - INDEC - Industrial Production - Monthly Activity - Argentina - FIEL - Industrial Production - Monthly Activity - Argentina - Selected Indicators Activity - Argentina - Electricity demand by manufacturing...

Brazilian Industrial Production

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By The Brazilian Report @BrazilianReport "The Brazilian Agro-Industrial Production Index (PIMAgro), fell for the second month in a row in August after a year of mostly positive variations. Compared to the same month of last year, the index has fallen 3.2%." Related Datasets Activity - Brazil - IBGE - Industrial Production Index Activity - Brazil - Agroindustrial...

Bitcoin-to-Gold Ratio

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by Finanzas Argy "🔴Bitcoin: due to the crisis in Ukraine, the market does not regard it as a hedging asset and analysts expect it may drop to USD 30,000 🔹Investors prefer to hedge in traditional assets such as gold 🔹The bitcoin-gold ratio is at its lowest level since mid-2021" Related Datasets Financial - Global - Currency - Daily Financial - Global - Commodities -...

Price Pressures: Spanish inflation hit 5.6% in November

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by Holger Zschaepitz "#Spain’s #inflation accelerates to the fastest in nearly 30yrs on rising food prices, underscoring the lingering consequences of supply bottlenecks across the continent. CPI jumped 5.6% in Nov, highest since Sep1992, exceeding expectations of 5.5%. https://bloomberg.com/news/articles/2021-11-29/spanish-inflation-surges-to-highest-in-nearly-30-years-on-food?sref=R17xFhjo" Related Datasets Activity - Global - OECD - Main Economic Indicators - Key short-term indicators - Monthly Prices - Spain - INE - Consumer Price...

Chile Activity Remains Robust & Colombia Labour Markets Show Mixed Results

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by Scotiabank Economics "#Latam Daily for Dec. 1: 🇨🇱 #Chile's recovery firing on all cylinders; 🇨🇴 #Colombia's labour market shows mixed results. Full Report: https://scotiabank.com/ca/en/about/economics/economics-publications/post.daily-publications.latam-daily.latam-daily.2021-issues.-december-1-2021-.html #EmergingMarkets" #Latam Related Datasets Activity - Chile - BCCh - Monthly Gross Domestic Product - Monthly Activity - Colombia - DANE - Employment -...

LATAM GDP

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by Robin Brooks "LatAm real GDP growth: Q4 2019 to Q4 2021 Chile (red): +10.1% Colombia (pink): +8.0% Argentina (black): +5.0% Peru (dots): +2.1% Brazil (blue): +1.1% Mexico (orange): -2.5%" Related Datasets Activity - Argentina - INDEC - Monthly Gross Domestic Product Estimate (EMAE) - Monthly_Long Activity - Brazil - BCB - Gross Domestic Product Activity - Chile - BCCh - Monthly Gross Domestic Product - Monthly Activity - Colombia - DANE - Monthly Gross Domestic Product - Monthly Activity - Mexico - INEGI - Monthly Gross Domestic Product...

Inflation rates across G20

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by QR Capital "Inflation in G20: 🇯🇵: 0,8% 🇸🇦: 1,2% 🇨🇳: 1,5% 🇨🇭: 1,6% 🇮🇩: 2,1% 🇫🇷: 2,9% 🇦🇺: 3,5% 🇰🇷: 3,6% 🇸🇬: 4,0% 🇨🇦: 4,8% 🇮🇹: 4,8% 🇩🇪: 4,9% 🇪🇺: 5,1% 🇬🇧: 5,4% 🇿🇦: 5,9% 🇪🇸: 6,0% 🇮🇳: 6,0% 🇳🇱: 6,3% 🇲🇽: 7,0% 🇺🇸: 7,5% 🇷🇺: 8,7% 🇧🇷: 10,3% 🇹🇷: 48,6% 🇦🇷: 50,9%" Related Datasets Activity - Global - OECD - Main Economic Indicators - Key short-term indicators -...

Covid-19 - Test Positive Rate

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by Scotiabank Economics "#Latam Charts Weekly (January 27): All eyes are on the omicron variant and its effects on activity and inflation. Full Report: https://scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.latam-charts-weekly.latam-charts-weekly--january-27--2022-.html #EmergingMarkets" Related Dataset Misc - Global - OurWorldInData Coronavirus Dataset -...

Germany Inflation

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by Holger Zschaepitz "Good Morning from #Germany where #inflation pressure keeps rising. PPI jumped 19.2% higher in Nov YoY, highest increase since Nov1951. Energy prices remain the main driver, but there is no sign of any let-up in the upward pressure on prices for other intermediate products either." Related Dataset Activity - Global - OECD - Main Economic Indicators - Key short-term indicators -...

Chile Central Bank rises interest rates

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by Germán Cristancho "Central Bank of Chile increased its interest rate 125bps to 4%. Rebound in inflation and strong consumption rhythm that has led to a large rebound in the economy are the main reasons for this decision. The decision of Banco de la Republica is really important this week " Related Datasets Activity - Chile - BCCh - Monthly Gross Domestic Product -...