Asian markets gain on the back of surprise rate cut by New Zealand, Gold hovers around $1250
Mar 10, 2016 03:48 am UTC| Commentary
New Zealands Official Cash Rate was slashed from 2.5% to 2.25% on Thursday morning. Concerns over the global economy, weak inflation expectations and low dairy prices are responsible factors for the sudden rate cut. The...
2016 shaping up to be a solid year for NZ retailers
Mar 09, 2016 16:43 pm UTC| Commentary
According to data released by Statistics New Zealand on Tuesday, New Zealand retail spending on electronic cards rose for a 10th straight month in February, up a solid 0.7%. Core spending (which excludes the volatile motor...
Canadian housing starts are unlikely to be sustained near the 200k pace
Mar 09, 2016 15:42 pm UTC| Commentary Economy
Data released on Tuesday showed that Canadas housing starts spiked in February, up to 213k annualized, beating expectations and Januarys 165k. Growth of 46% m/m in urban multi-family starts mainly drove this rebound,...
Currency snapshot (major pairs)
Mar 09, 2016 15:31 pm UTC| Commentary
Dollar index trading at 97.45 (+0.25%) Strength meter (today so far) - Euro -0.25%, Franc -0.28%, Yen -0.14%, GBP +0.00% Strength meter (since last week) - Euro -0.26%, Franc -0.64%, Yen +0.81%, GBP -0.16% EUR/USD...
Upbeat Jan UK manufacturing production data sets tone for a slightly better 2016
Mar 09, 2016 15:25 pm UTC| Commentary
Data released from the Office for National statistics on Wednesday painted a mixed picture of the UK economy. UK manufacturing production showed a 0.7% m/m bounce, beating expectations for a 0.2% m/m rise. However...
MNB to lower inflation forecasts and re-open easing cycle in H1
Mar 09, 2016 14:58 pm UTC| Commentary
Data released on Tuesday showed that Hungarys February CPI data were softer-than-expected. Headline inflation slipped to 0.3% y/y from 0.9% in January, while core inflation fell from 1.5% to 1.4% . The central banks...
Mar 09, 2016 14:54 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 - SP 500,...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects