Norges Bank likely to maintain interest rate at 0.5 pct and to keep strong easing bias
Jun 20, 2016 13:09 pm UTC| Commentary Central Banks
In its upcoming meeting, the Norges Bank is likely to keep its rates on hold at 0.5 percent and is expected to repeat the strong easing bias from its earlier meetings, said Danske Bank in a research report. The rate path...
Canadian bonds down following firm crude oil prices, Brexit referendum closely eyed
Jun 20, 2016 13:06 pm UTC| Commentary
The Canadian bonds slid on Monday, following rally in crude oil prices. The yield on the benchmark 10-year Treasury note which moves inversely to its price rose more than 6 basis points to 1.183 percent and the yield on...
China’s construction investment growth likely to continue in coming quarters
Jun 20, 2016 13:05 pm UTC| Commentary Economy
The turn in Chinas construction investment growth is likely to continue expanding in the quarters to come. This would be driven by a scarcity of residential housing in the tier one and two cities, said Danske Bank in a...
BoJ’s Kuroda admits failure in meeting inflation target in 2 years
Jun 20, 2016 13:03 pm UTC| Central Banks Economy Commentary
The Bank of Japan Governor Kuroda has, for the first time, admitted that the central bank has failed in its attempts to reach the inflation target of twopercent in a two-year framework, underscoring the challenges of...
Commodities snapshot (precious & industrial)
Jun 20, 2016 12:58 pm UTC| Commentary
Metal pack is mixed today. Performance this week at a glance in chart table - Gold: Gold is down today as risk affinity gains with UK shifting towards stay. Todays range $1299-1277 Gold is currently trading at...
Hungary’s economic activity to rebound in Q2
Jun 20, 2016 12:54 pm UTC| Commentary Economy
Given Aprils robust retail sales and industrial output, Hungarys economic activity is likely to rebound in the second quarter of this year. Also, the activity is expected to gather more momentum in the second half of this...
US Treasuries slump as Brexit momentum shifts toward 'Remain' camp
Jun 20, 2016 12:49 pm UTC| Commentary
The US Treasuries saw selling in the belly and long-end of the curve on Monday after polls showed support for Britain staying in the EU regaining momentum before Thursdays referendum. Also, stronger than expected housing...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects