US Yellen makes case for a December rate hike

Dec 02, 2015 18:46 pm UTC| Commentary Central Banks

In her speech to the Economic Club of Washington this lunch time, Fed Chair Janet Yellen was quite explicit in making the case for a first interest rate hike at the upcoming FOMC meeting, which ends on 16th...

ECB inflation hopes prove to be an illusion

Dec 02, 2015 17:47 pm UTC| Commentary Central Banks Economy

In the euro zone, the underlying price momentum based on the inflation rate without the volatile prices for energy, food, alcohol and tobacco dropped again to 0.9% in November. This makes the rise in core inflation rae to...

Bank of Canada on sidelines as Fed rate hike looms

Dec 02, 2015 17:20 pm UTC| Commentary Central Banks

The Bank of Canada kept the key overnight interest rate unchanged at 0.5 percent as expected, as the Federal Reserve is poised to hike rates for the first time in nearly 10 years. The Banks decision did not, however,...

Spain's labour market continues to be strong in Q4 15

Dec 02, 2015 16:50 pm UTC| Commentary Economy

Spanish job market data surprised significantly to the upside in November. The number of registered unemployed dropped markedly by 27.1k over the month (consensus: -6.5k), the sharpest decline since the creation of the...

ADP Jobs report handily beats expectations, bodes well for Friday’s payroll report

Dec 02, 2015 16:41 pm UTC| Commentary

The ADP jobs report was released today showing employers in the private sector added 217K jobs in November, thoroughly beating estimates and last months 196K figure. This ADP report previews Fridays much anticipated Labor...

Currency snapshot (major pairs)

Dec 02, 2015 16:30 pm UTC| Commentary

Dollar index trading at 100.3 (+0.46%). Strength meter (today so far) - Euro -0.50%, Franc -0.23%, Yen -0.45%, GBP -0.93% Strength meter (since last week) - Euro -0.14%, Franc +0.09%, Yen -0.55, GBP -0.60% EUR/USD...

Equity snapshot (indices)

Dec 02, 2015 16:15 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...