Oil investments in US likely to rebound in H2 2016
Jun 17, 2016 12:22 pm UTC| Commentary
The US growth in first quarter was dragged down by private fixed investments, which declined 1.5 percent. In the first quarter, investments in both equipment and structures declined 9 percent on sequential basis. The...
Bank Indonesia eases policy rate for fourth time this year on weak inflation outlook
Jun 17, 2016 12:20 pm UTC| Central Banks Commentary
The Bank of Indonesia cut the policy rate by 25bps to 6.50 percent last Thursday and also trimmed its seven-day repo rate to 5.25 percent. This was the fourth rate cut this year with the central bank taking advantage of...
Currency snapshot (major pairs)
Jun 17, 2016 12:13 pm UTC| Commentary
Dollar index trading at 94.32 (-0.27%) Strength meter (today so far) Euro -0.15%, Franc +0.35%, Yen +0.49%, GBP +0.04% Strength meter (since last week) Euro +0.04%, Franc +0.28%, Yen +2.55%, GBP +0.29% EUR/USD...
US Treasuries slump after Brexit campaigning halts in Britain
Jun 17, 2016 11:58 am UTC| Commentary
The US Treasuries complex slumped on Friday as campaigning over whether Britain should remain in the European Union was suspended for a second day after the killing of a U.K. politician Jo Cox, reducing demand for the...
Briferendum Series: Brexit and VIX go hand in hand
Jun 17, 2016 11:45 am UTC| Commentary
Yet another evidence that the fear surrounding Brexit is fuelling the risk aversion in the market. The chart was shared this week by Aurelija Augulyte, asenior FX strategist at Nordea Markets. It shows the relation of VIX,...
Taiwan’s export orders likely to have rebounded in May
Jun 17, 2016 11:27 am UTC| Commentary Economy
Taiwans export orders are likely to have rebounded in May. In the previous month, export orders growth had slowed to -11.1 percent year-on-year from Marchs -4.7 percent year-on-year. The slowdown in April was mainly due to...
Spike in household consumption fosters Q4 growth in India; trend likely to continue
Jun 17, 2016 11:22 am UTC| Commentary
The Indian economy grew at 7.9 percent in the fourth quarter of fiscal year 2015-16, growth being largely driven by consumption. It is further evident that the economy is witnessing a strong recovery, on grounds of...
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