ECB struggles to stimulate growth via the credit channel
Jul 28, 2016 14:39 pm UTC| Commentary
Data released by European Central Bank on Wednesday showed that eurozone money supply and lending to private sector grew at faster pace in June. The broad monetary aggregate M3, often an indicator of future economic...

Chart of the Day: Equity looks better than bond
Jul 28, 2016 14:15 pm UTC| Commentary
This nice chart from JPMorgan fund research shows equities may be a lot cheaper in Europe, compared to the bonds. As of 30th June 2016, dividend yield in MSCI Europe is calculated at 3.7 percent, whereas10-year bund is...
Jul 28, 2016 13:56 pm UTC| Commentary
The data from Nationwide, UKs biggest building society showed UK property prices rose by 0.5 percent in July compared with June, and were up 5.2 percent on a year earlier. That meant the average UK home was valued at...

Commodities snapshot (precious & industrial)
Jul 28, 2016 13:50 pm UTC| Commentary
Metal pack is up today. Performance this week at a glance in chart table - Gold: Gold is higher after the Fed kept rates on hold and found support around $1300 area. Todays range $1336-1346 We expect gold to...

Jul 28, 2016 13:37 pm UTC| Commentary
Energy pack is down in todays trading. Weekly performance at a glance in chart table. Oil (WTI) WTI marginally down, despite weakness in the dollar as large gasoline inventory weighs. Active call WTI is likely...

RBNZ determined to weaken the kiwi
Jul 28, 2016 13:31 pm UTC| Commentary Central Banks
As early as June the Reserve Bank of New Zealand (RBNZ) made it clear that it will cut the key rate one more time should NZD not depreciate. Kiwi remains fairly well bid despite the Feds upbeat assessment of the US economy...

Currency snapshot (commodity pairs)
Jul 28, 2016 13:23 pm UTC| Commentary
Dollar index trading at 96.52 (-0.28%) Strength meter (today so far) Aussie +0.10%, Kiwi -0.10%, Loonie -0.25% Strength meter (since last week) Aussie +0.95%, Kiwi +1.24%, Loonie -0.38% AUD/USD Trading at...