Equity snapshot (indices)

Mar 17, 2016 13:13 pm UTC| Commentary

Equities are all red 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...

Bank of Mexico to hike rates on peso pass-through and inflation normalization

Mar 17, 2016 12:58 pm UTC| Commentary

The Bank of Mexico had hiked its rate by 50bp a few weeks after its February board meeting, proving that it was late to respond to pesos depreciation. As the peso did not react positively to the liquidity measure, the...

CBR to keep rates on hold, likely to focus more on monetary outlook

Mar 17, 2016 12:57 pm UTC| Commentary

The rapid deceleration of headline inflation in Russia might have added certain optimism to the market; however, the underlying assumptions have not sufficiently changed to shift the monetary stance. The CBR is expected to...

Briferendum Series

Briferendum series: BOE may face backlash from exit group

Mar 17, 2016 12:45 pm UTC| Commentary Central Banks

Before treasury committee Bank of England (BOE) governor pledged that the bank will remain neutral and will refrain from recommending what to over the referendum, at the same time Mr. Carney warned against the uncertainty...

Negative Rates Series

Negative Rates Series: Another on the (Nor) way

Mar 17, 2016 12:25 pm UTC| Commentary Central Banks

Central Bankers love affairs with negative rates these days are no biggie, still its a news when despite some adverse reaction in the market to negative rates another one inches towards it. Today, Norways central bank,...

Chile’s economy likely to grow below-trend in medium term on weak external demand

Mar 17, 2016 12:16 pm UTC| Commentary

Given Chiles weak trade figures for Q4, where exports dropped 18.25% y/y and imports declined 11% y/y, and no considerable growth in other monthly indicators, the countrys economy is likely to have expanded sluggishly in...

Pound may resume gaining post BOE

Mar 17, 2016 11:54 am UTC| Commentary

Pound is the worst performing major today as investors this week sharply sold off currency to hedge against Brexit, an event if British voters votes to be out of European Union. We have kept suggesting Pound may move...