Komentarze rynkowe
| Source | Research | |
|---|---|---|
| 28 styczeń 2020 | ||
| DNB ASA | Daily Macro Brief | |
| Risk Management Institute |
Weekly Credit Brief (Jan 21 - Jan 27)
Description The Weekly Credit Brief (WCB) provides summaries of significant credit-related events that occurred around the globe in the latest week. This week's WCB includes the following story:
Brazil domiciled corporates sambaed amid favorable markets conditions
|
|
| Hong Leong Bank | Fixed Income Daily Market Snapshot | |
| Hong Leong Bank | Daily Market Watch | |
| Goldman Sachs Asset Management | Global Fixed Income Weekly | |
| OCBC | Asian Credit Daily | |
| OCBC | Daily Treasury Outlook | |
| 27 styczeń 2020 | ||
| Erste Group | Credit Markets Special | Corporate Schuldscheindarlehen in 2019: Strong issuance year with... | |
| Erste Group | Slovenia | Instant Comment | |
| Ashmore Investment Management | Weekly investor research | |
| DNB ASA | Daily Macro Brief | |
| Eavex Capital | Ukraine Fixed Income Weekly (Jan. 27, 2020) | |
| Eavex Capital | Ukraine Market Monitor (Jan. 27, 2020) | |
| Erste Group | Central bank meeting in Hungary, Polish GDP | |
| 26 styczeń 2020 | ||
| Bondcritic Limited | This will be out of the ordinary that a fixed income analyst comments on cryptocurrency. We have been following tokenization for a while now even before the inception of Bondcritic in April of 2017. | |
| 24 styczeń 2020 | ||
| Erste Group | Week Ahead | Political risks in Italy rise | |
| DNB ASA | Daily Macro Brief | |
| Hong Leong Bank | Fixed Income Daily Market Snapshot | |
| Hong Leong Bank | Daily Market Watch | |
| OCBC | Asian Credit Daily | |
| OCBC | Daily Treasury Outlook | |
| 23 styczeń 2020 | ||
| Erste Group | Short Note ECB | How green will the ECB become? | |
| DNB ASA | Daily Macro Brief | |
| E.Gavrilenkov and A.Kudrin |
Russian Macro: Strong Surpluses to Weaken, Growth to Strengthen
Description The federal budget posted a surplus of R1,967 trln or 1.8% of GDP, in line with expectations. Total revenues reached nearly R20.2 trln. Revenue collection was particularly strong in December as the non-oil-and-gas revenues increased by around 29% y-o-y, while in 2019 as a whole they were up by 17.4%. Current account also remained strong, albeit less than expected.
There is still plenty of room for further government stimulus to the economy without jeopardizing the budget. Very strong revenue collection from the non-oil-and-gas segments of the economy amid decelerated inflation (to 3.0% y-o-y in December 2019) may hint that the economic growth in the country was not so poor as official statistics indicated. A rather high level of the non-oil-and-gas revenues in 2019 should set a good base for revenues in 2020, which will keep growing, albeit more moderately.
Composition of recently appointed new government resembles a kind of an acceptable balance between the guardians of fiscal conservatism (such as Finance minister Anton Siluanov, who no longer keeps the position of the First deputy PM) and the new First deputy PM Andrei Belousov who previously served as economics advisor to president and is known as an advocate of a view that the government should play a greater role in the economy.
GKEM Analytica reports have become paid starting Jan 1, 2020.For subscription, please contact us at research@gkem-analytica.com
|
|
| OCBC | Asian Credit Daily | |
| Erste Group | Credit Markets Weekly | Geopolitics and ECB buoy credit markets | |
| Erste Group | Poland | Instant Comment | |
| Hong Leong Bank | Fixed Income Daily Market Snapshot | |
| Hong Leong Bank | Daily Market Watch | |
| OCBC | Daily Treasury Outlook | |
