Bank of Mexico hikes rates to support peso; likely to hike next in December

Jul 01, 2016 05:55 am UTC| Commentary Central Banks

The Bank of Mexico, on Thursday, raised the policy rate by 50 basis points to 4.25 percent in a bid to stop the depreciation of Mexican peso to spill over on inflation expectations. This was Banxicos first rate hike since...

Indonesia’s consumer prices pick up in June, stay below the target range

Jul 01, 2016 05:53 am UTC| Commentary

Consumer prices in Indonesia picked up pace in June, rising more than expected as price pressures intensified close to the end of the Muslim fasting month of Ramadan. However, it remained well below the Bank Indonesias...

Japan’s weak inflation likely to prod BoJ to ease soon

Jul 01, 2016 05:39 am UTC| Commentary

Consumer prices in Japan remained weak during the month of May, increasing the chances of an easing by the Bank of Japan in its next monetary policy meeting. The central banks 2 percent targeted rate of inflation seems...

Canadian economy to slow in near term; declining business sentiment to hamper growth

Jul 01, 2016 05:36 am UTC| Commentary Economy

Canadas real GDP in April grew 0.1 percent month-on-month, in line with market projections. Falls from the earlier two months were unchanged. The data released on Friday affirms that after a solid handoff from last year...

Australian bonds rally on BoE Carney’s dovish remarks, RBA meeting eyed

Jul 01, 2016 05:36 am UTC| Commentary

The Australian government bonds rallied on Friday after the governor of the Bank of England Mark Carney warns that the central bank is likely to act to help the economy, it will not on its own be able to protect Britain...

Asian markets higher, gold up by 1 pct to $1,331 while silver up by 3 pct at $19.23

Jul 01, 2016 04:17 am UTC| Commentary

All the major Asian indices are trading on a higher note including commodities on Friday. Gold is up by 1 pct to $1,331while silver is higher by 3 pct at $19.23, marks fresh high since September 2014. Japans Nikkei N225...

UK's Q1 current account deficit remains near an all-time high, highlights reliance on foreign financing

Jun 30, 2016 15:39 pm UTC| Commentary

Data from ONS on Thursday showed that the current account gap narrowed to GBP 32.6 billion from a revised deficit of GBP 34.0 billion in the fourth quarter of 2015. The reading missed Reuters forecast for a drop to GBP...