A dovish BoK tilt adds downward bias for KRW
Jan 20, 2016 15:26 pm UTC| Commentary Central Banks
The Bank of Korea held the policy rate at 1.5% in January, as expected and revised lower the official growth and inflation forecasts for 2016 to 3% (from 3.2%) and 1.4% (1.7%), respectively. The statement that followed had...
Global fixed income markets supported by sell-off in risky assets
Jan 20, 2016 15:06 pm UTC| Commentary
Sell-off in risky assets prompted by China crisis has been a supportive factor for global fixed income markets. However, the impact on global government bond markets has been smaller than anticipated. Eroding Chinese...
Spanish political uncertainty likely to weigh on economic growth
Jan 20, 2016 12:19 pm UTC| Commentary Politics
Spanish political uncertainty is likely to influence investment in H1. The December general election did not result in an absolute majority for a single party nor clear government alliance/coalition. The possibility for a...
Oil prices likely to continue its downtrend
Jan 20, 2016 11:40 am UTC| Commentary
Oil prices continue to slide down as Brent dropped to $28 per barrel in early trade, nearing 12 -year low recorded at the beginning of the week. WTI is trading at $27.4 per barrel, its lowest level since September 2003. In...
Gold prices seen benefiting from current global worries
Jan 20, 2016 11:11 am UTC| Commentary
Markets continue to be wary on weak Asian stock markets and renewed decline in oil prices. International Monetary Fund revised its forecast for global economic growth to 3.4 percent and 3.6 percent in 2016 and 2017...
FED hike aftermath series – Expectation for June hike vanishes amid global rout
Jan 20, 2016 10:44 am UTC| Commentary Central Banks
At the end of last year, market was predicting FED will hike rates twice this year and the first to come as early as March. However, global financial market turmoil has been pushing hikes into the future, since the...
Russian inflation seen around 8.0-8.6%oya in 2Q-3Q16 on weaker RUB
Jan 20, 2016 10:37 am UTC| Commentary
Russias inflation regained momentum in November-December, with core inflation slowing to 0.5-0.6%m/m S.A from 0.7-1.0% in August-September. However, with the base line effects, analysts expect inflation to decline...
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