Eurozone August current account surplus widens, suggests subdued “Brexit-effect” for now

Oct 20, 2016 15:07 pm UTC| Commentary

Data from the European Central Bank showed on Thursday that Eurozones current account surplus widened to a 3-month high in August. Eurozone posted a current account surplus of 29.7 billion ($32.6 billion) in August after...

Bank of Canada keeps interest rate unchanged, lowers growth profile

Oct 20, 2016 14:19 pm UTC| Commentary

Bank of Canada maintained overnight rate target at 0.5 percent unchanged since July 2015. However, the decision to hold rates was a close call. The Bank Rate is correspondingly 0.75 percent and the deposit rate is 0.25...

Beige Book paints a relatively bright picture of U.S. domestic economy

Oct 20, 2016 14:09 pm UTC| Commentary

The Beige Book published by the Federal Reserve eight times a year, summarized comments received from business contacts around the country. According to the Feds latest Beige Book report for the period between late-August...

Chart of the Day Series

Chart of the Day: London's clearing pie

Oct 20, 2016 13:42 pm UTC| Commentary Economy

This chart from Financial times shows the very pie (London clearings) that every European country is looking to take a bite of, after the Brexit. UKs Brexit minister said that it is a government priority to keep that...

China Crisis Series

China at risk of losing AA-status on uncontrolled credit growth, warns S&P

Oct 20, 2016 13:37 pm UTC| Commentary

US-based ratings agency, SP Global Ratings in a report released last week warned that China is at a risk of losing its AA-status if it doesnt rein in its debt-fueled economic growth. SPs has slashed Chinas outlook to...

Canadian bonds trade flat ahead of CPI data, weak crude oil prices limit yields growth

Oct 20, 2016 13:19 pm UTC| Commentary

The Canadian government bonds traded nearly flat Thursday as investors await the September consumer inflation data, which is scheduled to be released tomorrow. Also, weak crude oil prices limited the growth in bond...

Commodities snapshot (precious & industrial)

Oct 20, 2016 13:06 pm UTC| Commentary

Metal pack is up today. Performance this week at a glance in chart table - Gold: Gold is only marginally higher today, looking to test resistance around $1300 area. Todays range $1260-1272 We expect gold to...