Swedish inflation in May falls below expectations

Jun 14, 2016 10:38 am UTC| Commentary

Swedens inflation in May came in slightly below projections. On a year-on-year basis, the nations consumer price index inflation was 0.6 percentin May, as compared to the consensus projection of 0.7 percent. Meanwhile,...

Yield spread between German bund and periphery 10Y bonds widest since Feb

Jun 14, 2016 10:15 am UTC| Commentary

The Eurozone peripheral government bonds yield rose on Tuesday amid fresh concerns over Brexit and a wider slowdown in the global economy, which has pushed the yield gap over top-rated German bonds to its widest levels...

Renminbi Series

Depreciation in Renminbi poses concern for other Asian currencies

Jun 14, 2016 10:12 am UTC| Commentary

Depreciation in the Chinese renminbi is likely to create external headwinds for other major Asian currencies, raising export competitiveness for the Chinese economy. The RMB has continued its weakness on a...

CAD likely to appreciate moderately against USD towards 1.24 by 2016-end

Jun 14, 2016 10:05 am UTC| Commentary

The resurrection of possibility of US Federal Reserve hiking the interestrates in June has considerably influenced the USD/CAD pair. Relatively stable data in the US and less dovish rhetoric from the members of the FOMC,...

UK 10Y gilt yield hits new low of 1.15 pct, likely to test 1.10 pct mark as Brexit vote looms

Jun 14, 2016 09:21 am UTC| Commentary

The UK gilts continue to strengthen on Tuesday as investors have grown increasingly jittery after the recent opinion polls indicated that the momentum is growing for the leave camp. Meanwhile, the yield on the benchmark...

Briferendum Series

Briferendum Series: Murdoch’s The Sun supports 'leave' camp

Jun 14, 2016 08:52 am UTC| Commentary

Media baron Rupert Murdochs The Sun became the first UK newspaper to voice support for leaving the European Union. In its front page, The Sun declared BeLEAVE in Britain. According to the tabloid, Britains stay in the EU...

China’s power consumption surges on higher use in agri, services sector

Jun 14, 2016 08:21 am UTC| Commentary

Chinas power consumption surged for the month of May on higher use of electricity in the agricultural and services sector during the January-May period. Chinas use of electricity rose 2.1 percent in May from the...