S&P raises China's annual growth forecasts for 2016 and 2017
Jul 18, 2016 15:36 pm UTC| Commentary
SP Global Ratings on Monday raised Chinas annual growth forecasts for 2016 and 2017, following a stronger-than-expected the second quarter GDP print. SP now expects Chinas real GDP expanding at 6.6 percent this year and...
ECB set to give its first verdict post Brexit decision, meeting likely to be a non-event
Jul 18, 2016 15:20 pm UTC| Commentary
European Central Bank this week is set to give its first verdict on euro area monetary policy since the Brexit decision. Like the BoEs MPC meet last week, the ECBs meet will also likely be a non-event. Having only recently...
Commodities snapshot (precious & industrial)
Jul 18, 2016 14:57 pm UTC| Commentary
Metal pack is down today. Performance this week at a glance in chart table - Gold: Gold is continuing its decline, however, likely to find support around $1300 area. Todays range $1323-1338 We expect gold to...
Currency snapshot (major pairs)
Jul 18, 2016 14:49 pm UTC| Commentary
Dollar index trading at 96.59 (+0.04%) Strength meter (today so far) Euro +0.30%, Franc -0.16%, Yen -0.96%, GBP +0.57% Strength meter (since last week) Euro +0.30%, Franc -0.16%, Yen -0.96%, GBP +0.57% EUR/USD...
A weak New Zealand Q2 consumer price print fuels RBNZ rate cut speculation
Jul 18, 2016 14:44 pm UTC| Commentary
Data released by Statistics New Zealand on Monday showed New Zealands CPI rose at a slightly lower than expected pace of 0.4 percent during the second quarter of 2016. The surprisingly weak development of consumer prices...
Fitch affirms Poland’s credit rating at ‘A-‘, outlook stable
Jul 18, 2016 14:11 pm UTC| Commentary
Late on Friday, Fitch rating agency affirmed Polands A- rating with a stable outlook. Fitch said reduced policy predictability under the Law and Justice (PiS) party government was offset by the countrys robust economic...
German SMEs took a fairly calm view of the Brexit referendum
Jul 18, 2016 13:33 pm UTC| Commentary
German KfW-ifo SME Barometer, sampled in the weeks before the Brexit referendum on June 23 rose to a new years high in June (climbing by 0.9 to 16.3 balance points). SME business expectations rose by 1.8 to 5.7 balance...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects