German consumer inflation picks up in June, remains weak on month

Jun 29, 2016 13:02 pm UTC| Commentary

Germanys consumer price index-led inflation picked up pace in June, suggesting a gradual pick up in Eurozones largest economy. However, prices remained weak on a monthly basis, despite efforts by the European Central Bank...

Currency snapshot (major pairs)

Jun 29, 2016 13:01 pm UTC| Commentary

Dollar index trading at 95.91 (-0.45%) Strength meter (today so far) Euro +0.21%, Franc +0.02%, Yen -0.04%, GBP +0.80% Strength meter (since last week) Euro +0.06%, Franc -1.07%, Yen -0.93%, GBP -1.47% EUR/USD...

US Treasuries halt rally on firm market sentiments

Jun 29, 2016 12:53 pm UTC| Commentary

The US Treasury gains finally stalled on Wednesday, alongside a rebound in equity prices and a renewed push in crude oil prices back towards the $50 mark. The yield on the benchmark 10-year Treasury note rose 1-1/2 basis...

Briferendum Aftermath Series

Briferendum Aftermath Series: Market prices no hike by BoE in next 5 years

Jun 29, 2016 12:49 pm UTC| Commentary Central Banks

The referendum effect. Bank of England (BoE) has been sitting tight on monetary policy and left the rates unchanged for more than seven years now and if the market is predicting it right, the central bank is expected to...

Danish employment rate would continue to grow for another two years

Jun 29, 2016 12:48 pm UTC| Commentary Economy

For three straight years, Danish employment has been growing. Also, there is no indication of a slowdown in job growth. Except for finance and commodity extraction, all the main private sector industries are expanding. The...

Markets recalibrate Fed pricing in the wake of Brexit, hike unlikely until 2018

Jun 29, 2016 12:21 pm UTC| Insights & Views Central Banks Commentary

After the outcome of the recent UK referendum a period of heightened uncertainty is expected to prevail in the coming weeks, possibly months. European leaders appear to want to move forward with Brexit plans as quickly as...

FX Hedging Strategy Series

Bank of Mexico likely to hike rates on depreciating currency

Jun 29, 2016 12:17 pm UTC| Commentary Central Banks

The Bank of Mexico is expected to hike its key interest rate on Thursday. With the peso depreciating sharply last week and the sustained pressure on the currency, the central bank is likely to raise rates by 25 basis...