SCB Economic Update
Fed hikes as expected while strong data supports Asian currencies
- The Fed raised interest rates by 25bps, as expected. The accompanying statement was relatively dovish, supporting bonds and equities but maintaining the pressure on the US dollar. The release of a strong Tankan survey also underlined why Asian currencies are likely to continue strengthening against the USD.
- Thursday, July 01 - 2004 at 09:55 |
Fed at leisure with measured policy
- Whilst Wednesday's handover of sovereignty in Iraq is sure to cause market jitters, the Fed should do its part to calm nerves by delivering on a well-signaled 25bps rate hike. Gavin Redknap, Standard Chartered's US economist, examines the future for US monetary policy.
- Monday, June 28 - 2004 at 06:58 |
Egypt: FX policy key to attracting foreign investment
- Egypt's economy appears to have turned the corner. Exports are booming and growth may exceed 5% this fiscal year. However, Daniel Hanna argues that a sustained recovery and the return of long term foreign investors will depend on the country's foreign exchange policy.
- Sunday, June 13 - 2004 at 09:56 |
Geopolitics and tight supply to keep oil prices high
- Despite OPEC's decision to increase production quotas, oil prices are unlikely to fall far. Helen Henton and Daniel Hanna examine the factors that are likely to keep oil prices close to USD 35 per barrel.
- Saturday, June 05 - 2004 at 13:16 |
How will India fund 'reforms with a human face'?
- Helen Henton, Standard Chartered's Chief India Economist, examines the new government's Common Minimum Program (CMP) and its potential market impact
- Sunday, May 30 - 2004 at 11:51 |
Rate expectations buy time for USD
- The US dollar is making a strong comeback. Yet, it would be premature to be overly bullish. Claudio Piron, Standard Chartered's head of FX Strategy, explains the reasons why he expects the US dollar to weaken to 1.29 against the euro, 1.92 against the British pound and 90 against the yen.
- Sunday, May 23 - 2004 at 10:11 |
US Fed to hike in summer: prepare for higher rates in the Middle East
- The April US Labour report and the most recent FOMC statement set the scene for a hike in US interest rates as early as June. We continue to expect a first move of 25bps by August, at the latest, and 2.0% Fed Funds at year-end. Higher rates in the US means that interest rates will have to rise in the Middle East.
- Tuesday, May 11 - 2004 at 09:38 |
Iran: Election suggests new beginnings
- Gill James, Standard Chartered's Chief Middle East Economist, discusses Iran's economic outlook in 2004.
- Thursday, April 29 - 2004 at 12:39
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