As growth gathers momentum, companies are regaining some of their lost pricing power. This increases the probability of greater pass-through of past oil shocks to non-energy prices. |
Different majorities in the Senate and the Chamber of Deputies, as now looks possible, would be the worst possible scenario for markets. |
Different majorities in the two houses would be the worst possible scenario for the markets. |
The signals for a recovery are multiplying. It's extended from manufacturing to services, which is more linked to internal demand, so the signs are now across the board. |
This will be a recurrent theme in 2006, as last year's sharp rises in energy prices disappear from the year-on-year comparison. |
We look at this a temporary blip rather than a sign the recovery is fading. |
We look at this as a temporary blip rather than a sign the recovery is fading. |
Whoever the successor is, he will inherit a complex situation and serious credibility problem. |