MARKET MOVER - BNP PARIBAS - Investment Services India
MARKET MOVER - BNP PARIBAS - Investment Services India
MARKET MOVER - BNP PARIBAS - Investment Services India
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Economic Forecasts<br />
GDP<br />
Year 2010<br />
(% y/y) ’09 ’10 (1) ’11 (1) ’12 (1) ’13 (1) Q1 Q2 Q3 Q4<br />
US -2.6 2.6 1.6 2.6 3.1 2.4 3.0 2.9 2.0<br />
Eurozone -4.0 1.7 1.1 1.4 2.0 0.8 1.9 1.9 2.1<br />
Japan -5.2 3.2 1.6 1.6 1.7 4.7 2.4 3.2 2.6<br />
CPI<br />
(% y/y) ’09 ’10 (1) Year<br />
’11 (1) ’12 (1) ’13 (1) Q1 Q2 Q3 Q4<br />
US -0.3 1.7 1.4 0.7 1.1 2.4 1.8 1.3 1.4<br />
Eurozone 0.3 1.6 1.6 1.0 1.2 1.1 1.5 1.7 1.9<br />
Japan -1.4 -0.8 -0.8 0.1 0.6 -1.2 -0.9 -0.9 -0.4<br />
Source: <strong>BNP</strong> Paribas. End Period, Spot Rates as at 16 September<br />
* Preliminary, to be confirmed in the Global Outlook<br />
Interest Rate Forecasts<br />
Interest Rate (3)<br />
(%) Spot Q4'10 Q1'11 Q2'11 Q3'11 Q4'11<br />
US<br />
Fed Funds 0.25 0.25 0.25 0.25 0.25 0.25<br />
10-year 2.77 2.00 2.00 2.25 2.50 2.75<br />
Eurozone<br />
Refi 1.00 1.00 1.00 1.00 1.00 1.00<br />
10-year 2.48 1.90 1.90 2.00 2.25 2.50<br />
Japan<br />
ODR 0.30 0.30 0.30 0.30 0.30 0.30<br />
Call Rate 0.10 0.10 0.10 0.10 0.10 0.10<br />
10-year 1.05 0.90 0.90 1.00 1.10 1.10<br />
Source: <strong>BNP</strong> Paribas. End Period, Spot Rates as at 16 September<br />
* Preliminary, to be confirmed in the Global Outlook<br />
Market Economics / Interest Rate Strategy 23 September 2010<br />
Market Mover<br />
67<br />
www.GlobalMarkets.bnpparibas.com