Turkey: Industrial production increased sharply in September
At 6.2% y/y, September's industrial production index beat the market consensus (2%) and our more optimistic forecast (3.4%). On a seasonally adjusted basis, industrial production increased by 3.9% m/m, following a 2% m/m decline in August, which waspartly due to the Ramadan effect. As a result, in Q3, industrial production increased by 0.9% q/q. Should IP remain flat till the year end, this would translate into a 1.9% q/q increase in Q4.
Thursday, November 8, 2012
Chile: CPI inflation surprised to the upside in October lifted by food prices
Chile: CPI inflation surprised to the upside in October lifted by food prices
Florencia Vazquez - Market Economics
Latam Macro Snapshot | 08 Nov 2012 21:14 |
Consumer prices were reported to have advanced 0.6% m/m in October, a result that stood visibly ahead of both our forecast and the median estimate from the Bloomberg survey (both: 0.3% m/m). The annual inflation rate accelerated to 2.9% last month, but remained slightly below the 3% official target.
Florencia Vazquez - Market Economics
Latam Macro Snapshot | 08 Nov 2012 21:14 |
Consumer prices were reported to have advanced 0.6% m/m in October, a result that stood visibly ahead of both our forecast and the median estimate from the Bloomberg survey (both: 0.3% m/m). The annual inflation rate accelerated to 2.9% last month, but remained slightly below the 3% official target.
Mexico: Inflation Downtrend Has Begun
Mexico: Inflation Downtrend Has Begun
Nader Nazmi - Market Economics
Latam Macro Snapshot | 08 Nov 2012 15:52 |
Annual inflation fell from 4.77% in September to 4.60% in October (BNP Paribas: 4.64%). This is supportive of our view that inflation peaked in September and will fall towards our end-year 2012 projection of 4.04% in Q4 due to a more favourable base effect as well as lower food inflation.
Nader Nazmi - Market Economics
Latam Macro Snapshot | 08 Nov 2012 15:52 |
Annual inflation fell from 4.77% in September to 4.60% in October (BNP Paribas: 4.64%). This is supportive of our view that inflation peaked in September and will fall towards our end-year 2012 projection of 4.04% in Q4 due to a more favourable base effect as well as lower food inflation.
Australia: Labour Market (Oct 2012)
Australia: Labour Market (Oct 2012)
Dominic Bryant - Market Economics
Asian Instant Insight | 08 Nov 2012 02:54 |
Employment surprised to the upside somewhat in October, for a second consecutive month. Full-time employment drove the increase. However, other indicators of labour market health are weak at present. In particular, the trend in hours worked is soft. Typically this is consistent with significant domestic demand weakness, which we expect to show through in the Q3 and Q4 GDP numbers. Therefore, we continue to expect a 25bp RBA rate cut in December.
Dominic Bryant - Market Economics
Asian Instant Insight | 08 Nov 2012 02:54 |
Employment surprised to the upside somewhat in October, for a second consecutive month. Full-time employment drove the increase. However, other indicators of labour market health are weak at present. In particular, the trend in hours worked is soft. Typically this is consistent with significant domestic demand weakness, which we expect to show through in the Q3 and Q4 GDP numbers. Therefore, we continue to expect a 25bp RBA rate cut in December.
Starwood Capital joins rivals in Europe's property loans market
Starwood Capital joins rivals in Europe's property loans market
By: Chiara Albanese
07 Nov 2012
US real estate firm Starwood Capital Group has launched Starwood European Finance Company, a European real estate finance platform aiming at taking advantage of financing opportunities arising from the retrenching in bank lending in this space.
http://www.investmenteurope.net/investment-europe/news/2223167/starwood-capital-joins-rivals-in-europes-property-loans-market
By: Chiara Albanese
07 Nov 2012
US real estate firm Starwood Capital Group has launched Starwood European Finance Company, a European real estate finance platform aiming at taking advantage of financing opportunities arising from the retrenching in bank lending in this space.
http://www.investmenteurope.net/investment-europe/news/2223167/starwood-capital-joins-rivals-in-europes-property-loans-market
Wednesday, November 7, 2012
Yelp signs Pacific Telephone Building lease to 2021
http://www.sfgate.com/business/article/Yelp-signs-Pacific-Telephone-Building-lease-to-3547416.php#media-32360
Yelp signs Pacific Telephone Building lease to 2021
Updated 12:46 pm, Wednesday, November 7, 2012
Yelp has given San Francisco a five-star rating, committing itself to stay in its hometown through at least 2021.
Yelp signs Pacific Telephone Building lease to 2021
Updated 12:46 pm, Wednesday, November 7, 2012
Yelp has given San Francisco a five-star rating, committing itself to stay in its hometown through at least 2021.
Output up 72.4% at Chile’s Escondida copper mine
http://www.mining.com/
Output up 72.4% at Chile’s Escondida copper mine
Cecilia Jamasmie | November 7, 2012
Production at Chile's Escondida, the world's largest copper mine, was up 72.4% in the third quarter compared with the same period of 2011, said the country’s copper commission on Wednesday.
Output up 72.4% at Chile’s Escondida copper mine
Cecilia Jamasmie | November 7, 2012
Production at Chile's Escondida, the world's largest copper mine, was up 72.4% in the third quarter compared with the same period of 2011, said the country’s copper commission on Wednesday.
Monday, November 5, 2012
Chile: 2012 GDP forecast revised up on surprisingly strong Q3 performance
Chile: 2012 GDP forecast revised up on surprisingly strong Q3 performance
BNP PARIBAS
Florencia Vazquez - Market Economics
Latam Macro Snapshot | 05 Nov 2012 14:39 |
The monthly proxy for real GDP advanced a strong 4.6% y/y in September. The reading stood modestly ahead of our forecast and visibly above the median estimate from the Bloomberg survey (4.2% and 3.2% y/y, respectively).
BNP PARIBAS
Florencia Vazquez - Market Economics
Latam Macro Snapshot | 05 Nov 2012 14:39 |
The monthly proxy for real GDP advanced a strong 4.6% y/y in September. The reading stood modestly ahead of our forecast and visibly above the median estimate from the Bloomberg survey (4.2% and 3.2% y/y, respectively).
Sunday, November 4, 2012
Copper Mining in Chile - Overview
http://www.mbendi.com/indy/ming/cppr/sa/cl/p0005.htm
Copper Mining in Chile - Overview
Overview
Chile is the world’s largest copper producer, producing 5 390 thousand metric tons in 2010 as opposed to 5 520 in 2009. Chile has approximately 24% of the world’s known copper reserves.
Copper Mining in Chile - Overview
Overview
Chile is the world’s largest copper producer, producing 5 390 thousand metric tons in 2010 as opposed to 5 520 in 2009. Chile has approximately 24% of the world’s known copper reserves.
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