Fed provides little forward guidance on timing of a rate hike
Jun 16, 2016 16:59 pm UTC| Commentary Central Banks
As widely expected, the US Federal Reserve left the Fed funds target range unchanged at 0.25 to 0.50, postponing further monetary tightening. This is the fourth straight meeting in which the FOMC has decided against a rate...
Chart of the Day: China's investment contrast
Jun 16, 2016 16:02 pm UTC| Commentary Economy
Chinas private investmentthat was growing above 30 percent back in 2011 and was supporting economy dropped to just 3.9 percent as of this months release. In contrast, thanks to stimulus from the government public...
Central bank of Russia speeding up de-dollarisation in the economy
Jun 16, 2016 15:11 pm UTC| Commentary
The Central bank of Russia (CBR) said it is raising reserve requirements for FX liabilities of local banks by 1 percentage points starting on July 1, 2016 to decrease the FX exposure of the banking system. The CBR has been...
Upbeat UK retail sales boost hopes for second quarter growth
Jun 16, 2016 14:21 pm UTC| Commentary
UK Office for National Statistics report showed that retail sales rose 0.9 percent in May, compared to the revised 1.9 (original 1.3) in the prior month. Data beat analysts expectations for a rise of 0.2 last month....
Commodities snapshot (precious & industrial)
Jun 16, 2016 13:46 pm UTC| Commentary
Metal pack is mixed today. Performance this week at a glance in chart table - Gold Gold is higher on risk aversion, despite stronger Dollar. Todays range $1290-1313 Gold is currently trading at $1310/troy...
Pace of Eurozone growth expected to slow in Q2
Jun 16, 2016 13:44 pm UTC| Commentary
In its third and final assessment, the European statistics agency Eurostat said gross domestic product increased by 0.6 percent from the previous quarter the highest rate for 12 months. Year-on-year, it expanded by 1.7...
Euro zone final CPI print matches original estimates, indicate persistent deflationary pressure
Jun 16, 2016 13:31 pm UTC| Commentary
The final estimate of euro area inflation in May released by Eurostat showed that consumer prices in Eurozone dropped 0.1 percent y/y in May, having slowed its pace of decline after Aprils 0.2 percent drop. This was the...
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