Fed Hike Aftermath Series

Fed’s May LMCI slides on poor employment report, likely to further delay the rate hike

Jun 07, 2016 06:03 am UTC| Commentary Central Banks

The Federal Reserves Labor Market Conditions Index (LMCI) slid in May, following a poor performance from the labor market that too registered a decline in the same month, adding too few jobs into the US economy, slashing...

Australian bonds slump after RBA keeps OCR at record low

Jun 07, 2016 05:50 am UTC| Commentary

The Australian government bonds slumped on Tuesday after the Reserve Bank of Australia (RBA) maintained its key interest rate at a record low of 1.75%, as expected. The yield on the benchmark 10-year Treasury note, which...

Briferendum Series

Briferendum Series: Odds lean towards exit

Jun 07, 2016 05:34 am UTC| Commentary

Latest polls, bets, which are coming out, all pointing to the fact that exit camp is gaining momentum. In some cases, either they are leading or they have been able to reduce their lag. This means, Britain is heading...

Fed Hike Aftermath Series

Fed’s Yellen seems positive on economic outlook, shrugs labor market concern   

Jun 07, 2016 05:21 am UTC| Commentary Central Banks

The United States Federal Reserve Chair Janet Yellen, while speaking at an event in Philadelphia, affirmed her conviction of positivity on the overall outlook of the US economy, while warning that investors and other Fed...

Philippine’s headline inflation accelerates to a 12-month high in May

Jun 07, 2016 05:13 am UTC| Commentary

The headline and core inflation of the Philippines for May came in higher than expected, reaching a 12-month high. According to the Philippine Statistics Authority, the annual headline inflation stood at 1.6% in May, as...

Key highlights from Janet Yellen’s Philadelphia speech

Jun 07, 2016 05:02 am UTC| Commentary Central Banks

Speaking at World Affairs Council, in Philadelphia, FED Chair Janet Yellen provided best possible indication that the central bank is likely to hold steady in this months meeting. The Fed chair gave a broadly positive...

Asian markets turn positive ahead of RBA, RBI policy decision, gold steady above $1240

Jun 07, 2016 04:08 am UTC| Commentary

All the major Asian stock markets are trading on a positive note on Tuesday. Today market awaits two big events for the day that is RBA and RBI policy rate decision. On the other side, Japanese Yen remains well supported...