Searcher
Jaime Costero
Jaime Costero
Economist
Madrid

B.A in Economics, Universidad Autónoma de Madrid (2012).

Trainee Financial Analyst, KPMG Sri Lanka (2012).

Joined BBVA Research as an intern for Latam unit (2013). Financial Scenarios unit since mid-2013.

Latest publications

Next week: The European Council will hold a meeting. EU leaders will discuss action taken at national levels to increase growth and competitiveness and will review the suitability of regulations and agree on further steps. Economic indicators to be released will include June’s preliminary Manufacturing, Services and Composite PMIs. Moreover, several ECB council members - Víctor Constancio, Benoît Cœuré and Luis Linde - will deliver speeches. In the US, several Fed members - Charles Plosser, Jeffrey Lacker and James Bullard - will also address various conferences. The main economic indicators will be May’s existing and new home sales, durable goods orders, personal consumption and spending, June’s final UM consumer confidence and the third revision of 1Q14 GDP growth. In Asia, Hong Kong’s exports for May and China’s HSBC manufacturing PMI for June will be published.
Next week: Should be a very lean one, with few economic indicators being released, since investors will be waiting for the FOMC meeting in the following week. In the US, the main economic indicators will be May’s retail sales and the preliminary U.M. confidence index. In the eurozone, the ECB will publish its monthly report, while the main economic indicators will include April’s industrial production and trade balance and June’s final CPI. In China, May’s industrial production, trade balance, CPI, money supply and retail sales figures will be published.
Next weeK: The ECB will hold its monetary policy meeting, at which we expect the ECB to ease monetary policy. Furthermore, investor will focus on the eurozone preliminary inflation figures for May. The EU will also be releasing country-specific recommendations. In the US, economic publications will include May’s change in non-farm payrolls, the AD employment report and the Manufacturing and Services ISM. Additionally, the Fed will release the Beige Book, while several Fed members will speak (Evans, George and Kocherlakota). In China, May’s PMI and export figures will be published. Lastly, the G-7 countries will hold a meeting in Brussels; the situation in Ukraine and the relations with Russia will be on the agenda, as will the global economy, trade, energy security, climate change and development.