UK economy to remain subdued ahead of EU referendum
Apr 28, 2016 06:14 am UTC| Commentary
Yesterday, the Office of National Statistics released its first estimate of the economic growth for the first quarter. According to the data, the economic growth decelerated to 0.4% q/q from previous quarters 0.6% q/q...
New Zealand bonds mixed after RBNZ keeps policy steady
Apr 28, 2016 06:04 am UTC| Commentary
The New Zealand bonds closed mixed on Thursday after Reserve Bank of New Zealand left policy arte unchanged at 2.25 pct. The yield on the benchmark 10-year bonds which moves inversely to its price closed at 2.880 pct and...
U.S. Presidential Election Series: Cruz plays VP card to stop Trump
Apr 28, 2016 05:49 am UTC| Commentary
Yesterday, Republican second runner, Ted Cruz declared that he has major announcement later in the day, some in Donald Trump camp thought, he finally may have come to his senses and will dump his presidential bid. But...
RBNZ keeps OCR on hold and retains easing bias, likely to cut rate in June
Apr 28, 2016 05:40 am UTC| Commentary
New Zealands central bank, RBNZ, kept the OCR on hold at 2.25% and retained a clear easing bias. It stated that further policy easing may be required. This was on par with projections, said ANZ. The monetary policy...
Australian bonds rally for 2nd straight day on weak exports figure, RBA easing expectations
Apr 28, 2016 05:35 am UTC| Commentary
The Australian bonds rallied on Thursday for two consecutive days after reading weaker-than-expected first quarter exports figure, which boosted investors expectation for further policy easing from Reserve bank of...
Net exports likely to limit US GDP growth in Q1 to a certain degree
Apr 28, 2016 05:00 am UTC| Commentary
US goods trade deficit for March reached USD 56.9 billion, as compared to the anticipated deficit of USD 62.8 billion, noted Daiwa Capital Markets. However, the fall in deficit does not give an indication of strength as...
Apr 28, 2016 04:53 am UTC| Commentary
All the major Asian indices are trading on a mix note on Thursday as most awaited FOMC, RBNZ and BOJ statements released with no surprise. The FOMC kept interest rates on hold but toned down language around the risks of...