BoC governor Poloz shows off unconventional policy tools, but they are staying on the shelf for now

Dec 08, 2015 21:54 pm UTC| Commentary Central Banks

Bank of Canada governor Stephen Poloz spoke in Toronto today. His speech covered the tools at the Bank of Canadas disposal for providing unconventional monetary policy, as well as the outlook for the Canadian economy in...

US JOLTS data indicate that labor market slack was broadly unchanged in October

Dec 08, 2015 21:32 pm UTC| Commentary Economy

Total US job openings declined to 5.383mn in October, from an upwardly revised level of 5.534mn in September. Most of this decline was driven by professional and business services, where openings fell 137k on the month....

Global diversification protects against tumultuous times

Dec 08, 2015 17:46 pm UTC| Commentary Economy

This week proves 2015 remains a shaky time for global investors. Commodities are falling fast as oil dips to below 40 dollars a barrel, the lowest mark since 2009, and iron ore moves towards break-even levels. Chinas...

Revival in global car sales continued in October

Dec 08, 2015 17:09 pm UTC| Commentary Business

The revival in global car sales continued in October, with purchases jumping 6% above a year ago - the largest gain since December. The advance was led by ongoing double-digit year-over-year increases in North America and...

UK industrial production drop marginally offsets previous rises

Dec 08, 2015 16:15 pm UTC| Commentary

UK industrial production modestly rose in October after printing flat in September, driven mainly by volatile components. This came against the expectations of a decline, but was in line with consensus expectations. Mining...

Steady growth in Hungary's Inflation, industrial production points to strengthening economy

Dec 08, 2015 15:54 pm UTC| Commentary

Hungarys industrial production for October 2015 was up 12.7% y/y WDA. This is better than expected reading than a simple average of October outturns since 2000 and the strongest October year-on-year growth rate since that...

Currency War Series

SNB likely to remain on hold despite ECB rate cut

Dec 08, 2015 15:35 pm UTC| Commentary

After the modest rate cut by the ECB last week, a rate cut by the Swiss National Bank (SNB) on Thursday is a risk scenario. It is believed SNB to remain on hold as the upward pressure on the CHF is limited at the moment....