Indian government likely to stick to fiscal deficit target of 3.5 pct of GDP in FY 2017, says ANZ

Jan 25, 2017 07:19 am UTC| Commentary

The Indian government is likely to stick to its fiscal deficit target. According to an ANZ research report, the government is expected to keep the fiscal deficit target of 3.5 percent of the GDP for the fiscal year 2017....

Moody's reaffirms Australia's ‘AAA’ sovereign credit rating despite surge in government debts

Jan 25, 2017 07:09 am UTC| Economy Commentary

Moodys in its latest report reaffirmed Australias triple A sovereign credit rating despite an increase in government debts. The rating company said that the countrys debt burden is no worse than other countries that hold...

Briferendum Aftermath Series

Briferendum Aftermath Series: Supreme Court ruling unlikely to derail Article 50 trigger

Jan 25, 2017 07:08 am UTC| Commentary

Yesterday, the highest court in the United Kingdom ruled that the British Prime Minister Theresa Mays government doesnt have the power to trigger Article 50 and needs to have the parliamentary approval to trigger it. The...

JGBs snap rally after BoJ avoids short-term bond buying; investors eye December CPI

Jan 25, 2017 06:57 am UTC| Commentary

The Japanese government bonds snapped rally Wednesday after the Bank of Japan skipped short-term bond buying in its daily market operations (OMOs). Also, investors are eyeing the release of December consumer price...

CBT keeps benchmark interest rate on hold, TRY likely to depreciate in short term

Jan 25, 2017 06:56 am UTC| Commentary Central Banks

The Turkish central bank kept the main policy rate on hold yesterday. The CBT underpinned the Turkish lira but it was not sufficient. The simplification process, where the change in the monetary policy regime to use just...

Australia’s headline inflation accelerates in Q4, to remain below policy target band until H2 2017

Jan 25, 2017 06:51 am UTC| Commentary

Australias headline inflation accelerated in the fourth quarter, coming in slightly below market expectations. The inflation data for the December quarter imply that the sharp disinflationary forces that have been a drag...

Oil in Global Economy Series

Oil in Global Economy Series: Swing producers in US remain major concern for oil bulls

Jan 25, 2017 06:40 am UTC| Commentary

The recent and sharp rise in U.S. crude oil production has forced the oil bulls to rethink their position and not to be overoptimistic on the production cuts from the OPEC and some N-OPEC producers, which is expected to...