UK gilts climb as risk sentiment dips; yields likely to recover on higher inflation figures

Jul 19, 2016 10:06 am UTC| Commentary

The UK gilts climbed on Tuesday as risk appetite among investors dipped with crude oil and equities. Also, traders preferred safe-haven assets after Moodys in its latest report downgraded the British economic outlook...

UK consumer prices rise beyond estimates on jump in airfare

Jul 19, 2016 09:53 am UTC| Commentary

Consumer prices in the United Kingdom rose beyond market estimates in June, largely driven by boost in airfares on trips to continental Europe. The rate of inflation rose to 0.5 percent from 0.3 percent in May, data...

ECB could run out of eligible bunds if it hikes asset purchase

Jul 19, 2016 09:52 am UTC| Commentary Central Banks

The European Central Bank (ECB) could soon be running out of eligible bunds to add to its purchase portfolio. It could also be said that European Central Bank (ECB) is already running out of options to add bunds to its...

Emerging markets’ economic growth likely to rebound as drag from commodity exporters fades

Jul 19, 2016 09:36 am UTC| Commentary Economy

Economic growth in emerging markets is likely to rebound from anticipated 4 percent this year to 4.7 percent in 2017 as the drag from commodity exporters wanes over time, noted Morgan Stanley in a research...

Polish economy likely to grow 3.5 pct to 4 pct in 2016

Jul 19, 2016 09:31 am UTC| Commentary Economy

Polish economic outlook continues to be good. The economic growth is likely to reach 3.5 percent to 4 percent this year, noted KBC Market Research in a research report. Keeping low interest rates and a weak zloty aside,...

RBNZ tightens loan-to-value restrictions, likely to be effective from Sep 1

Jul 19, 2016 09:24 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand has tightened the loan-to-value restrictions (LVR) for residential lending on Tuesday. The proposal stands in the consultation phase and is likely to be effective from September 1,...

UK referendum turmoil helps China to pursue stealth depreciation of its currency

Jul 19, 2016 09:17 am UTC| Commentary Central Banks

The Chinese currency has depreciated to its weakest level yesterday, since September 2010. Chinese yuan weakened to 6.7164 per dollar yesterday, however, that hardly made any headlines. As the market focuses on the Europe...