Japan services PMI crosses 50-point mark on rise in new orders
Aug 03, 2016 13:11 pm UTC| Central Banks
Japans services Purchasing Managers Index (PMI) crossed the 50-point mark during the month of July, a sign of optimism after the contraction witnessed last month as companies shrugged off business backlogs amid a steady...
Revision to inflation and growth forecasts by BoE along with forward guidance to drive GBP action
Aug 03, 2016 13:05 pm UTC| Insights & Views Central Banks
Markets await Bank of Englands (BoE) policy decision on Thursday, 4th August. The BoE is likely to become the first central bank to take action in response to the referendum. Amid the heightened uncertainty, expectations...
Aug 03, 2016 10:55 am UTC| Central Banks
The GBP continued to weaken post-referendum, with EURGBP trading briefly above 0.86 and GBPUSD trading below 1.30 early in July. GBP has regained some of the losses, but TWI is still 10% weaker than pre-Brexit. EURGBP...
Bank of Thailand stands pat; likely to stay on hold throughout 2016
Aug 03, 2016 10:52 am UTC| Commentary Central Banks
The Bank of Thailands Monetary Policy Committee (MPC) unanimously decided to keep the policy rate on hold at 1.5 percent, at par with projections. According to the central banks post meeting statement, the Committee...
Looking at disappointing PMI reports BoE is likely to take measures
Aug 03, 2016 10:17 am UTC| Commentary Central Banks
Looking at the disappointing PMI reports, even if could be the result of just worsening sentiment, the Bank of England (BoE) is likely to announce some measures at tomorrows policy meeting. On Monday, PMI data from Markit...
Forget Super Thursday, the Bank of England can only offer Mildly Useful Thursday
Aug 03, 2016 10:16 am UTC| Insights & Views Central Banks
The Bank of England is expected to announce on Thursday measures to stimulate the UK economy following signs that there will be a significant economic downturn following the vote for Brexit. The Bank may cut interest...
UK PMIs, investments send early and better clarity to infer for most likely BOE easing tomorrow
Aug 03, 2016 07:56 am UTC| Insights & Views Central Banks
As the British PMI for the manufacturing sector has missed the forecasts recently, a downward shift already would mean that sentiments are certainly not conducive for business in the UK, (actual 48.2 versus forecasts 49.1...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects