RBNZ likely to stand pat on policy today
May 10, 2017 06:49 am UTC| Commentary Central Banks
Today Reserve Bank of New Zealand (RBNZ) will announce its monetary policy around 21:00 GMT. Over the past two years or so, RBNZ has reduced rates from 3.5 percent to 1.75 percent, which is an all-time low, however, the...
Subdued wage pressure likely to keep core inflation low in euro area, says Danske Bank
May 10, 2017 06:42 am UTC| Commentary Economy
Wage growth in the euro area remains low despite the continued labour market progress. Nevertheless, consumers have recently benefited from very high real wage growth due to the extraordinarily low inflation. Looking...
Global Geo-political Series: Sergei Lavrov to visit White House for first time in four years
May 10, 2017 06:29 am UTC| Commentary
The Russian foreign minister Sergei Lavrov is set to appear for diplomatic talks in the White House for the first time in four years. It is yet another sign that the relationship between the United States of America and...
Asian markets notably higher, gold up at $1,224 mark
May 10, 2017 05:44 am UTC| Commentary
All the major Asian indices were trading on a higher note on Wednesday. Gold was trading at $1,222 mark while silver was trading around $16.15 mark. Japans Nikkei was trading 0.28 pct higher at 19,898.50 points. Hong...
New Zealand bonds close higher as investors await RBNZ’s monetary policy decision
May 10, 2017 05:43 am UTC| Commentary Economy
The New Zealand bonds ended Wednesdays session on a higher note as investors wait to watch the Reserve Bank of New Zealands (RBNZ) monetary policy decision, scheduled to be unveiled on May 11. At the time of closing,...
US under Trump Series: President Trump fires FBI director James Comey
May 10, 2017 05:03 am UTC| Commentary
US President Donald Trump has fired the director of Federal Bureau of Investigation (FBI) James Comey; a move that came too suddenly but not too surprisingly. This is the first time a President has fired that FBI director...
Australian bonds sharply rebound tracking U.S. Treasuries; higher equities limit gains
May 10, 2017 04:59 am UTC| Commentary Economy
The Australian government bonds sharp rebounded Wednesday tracking U.S. Treasuries. However, gains in equities amid a neutral Federal Budget for FY2017-18 limited gains in the debt market. The yield on the benchmark...