MNB paves the way for re-opening of rate easing cycle

Mar 30, 2016 13:40 pm UTC| Commentary

The National Bank of Hungary surprised markets last Tuesday with a 15bp cut, lowering the benchmark rate to 1.20%. Although markets have expected further easing steps, the move came in ahead of market expectations. The...

Equity snapshot (indices)

Mar 30, 2016 13:09 pm UTC| Commentary

Equities are all mixed in todays trading. Kindly note all instruments mentioned here are CFDs, whose values might differ from cash or future traded. Performance this week at a glance in chart table - SP 500...

Eurozone credit supply rises in February, more QE likely

Mar 30, 2016 13:02 pm UTC| Commentary

The Eurozone February M3 money supply growth continued at a steady clip of 5.0% y/y, same as in January, and is consistent with the market expectation. The annual rate of lending to households rose 1.6% y/y, as compared to...

Household spending likely to be France’s main growth driver in Q1

Mar 30, 2016 12:45 pm UTC| Commentary

In January, Frances consumption grew strongly by 0.6% m/m and 0.6% y/y. Consumption growth was mainly driven by energy consumption as the weather turned colder in January. But the weather turned warm again in February,...

Denmark’s GDP to grow below 1% in 2016, higher productivity growth necessary to boost investment

Mar 30, 2016 12:30 pm UTC| Commentary

In 2015, Denmarks economic growth has slowed significantly. Overall, the economic growth was unchanged between the first and fourth quarter of 2015. However, other economic indicators, particularly employment, give a...

Determinants of futuristic Fed's monetary policy

Mar 30, 2016 12:29 pm UTC| Commentary

Here are key concerned areas as to why Fed is deferring its monetary policy easing: Foreign economies and their financial markets need to be stable. Further dollar appreciation is desired, because that may hamper...

Currency snapshot (major pairs)

Mar 30, 2016 12:28 pm UTC| Commentary

Dollar index trading at 94.85 (-0.35%) Strength meter (today so far) Euro +0.36%, Franc +0.30%, Yen +0.22%, GBP +0.21% Strength meter (since last week) Euro +1.55%, Franc +1.36%, Yen +0.54%, GBP +2.09% EUR/USD...