Greece on route to new election

Aug 26, 2015 08:06 am UTC| Commentary

PM Tsipras announced his governments resignation on 20th August. Consequently, Greek President Pavlopoulos will need to investigate this week whether somebody else is in a position to form a government. The Greek...

Japan and EU highly vulnerable to weaker Chinese growth

Aug 26, 2015 07:45 am UTC| Commentary

China is an important exports destination for German and Japanese, so they are likely to be vulnerable to weaker Chinese growth. Currently,18% of Japans exports go to China (or 2.7% of Japans GDP), while 6% of Germanys...

Why is Swiss Franc not profiting from “risk off”?

Aug 26, 2015 07:26 am UTC| Commentary

If Flight into safe havens, risk-off are accurate descriptions of the recent trends seen on the FX market it is surprising that the Swiss franc has been unable to benefit. After all for a long time CHF was considered to be...

Singapore electronics to get a cyclical lift in H2

Aug 26, 2015 07:21 am UTC| Commentary

The main drag on Singapore July IP was an 4.2% m/m sa drop in the biomedical cluster, which subtracted 2.4pp from headline IP growth. This was driven by the 18% y/y drop in pharmaceuticals segmen, offsetting the 10.0% y/y...

Fed hike uncertainties to weigh on greenback

Aug 26, 2015 07:15 am UTC| Commentary Central Banks

The suspicion that the Fed might postpone the generally expected imminent rate hike has put considerable pressure on the greenback. Adjusted by the risk-off effect, there is now 3% USD weakness since the CNY shock. Of...

Dudley's speech to be dovish?

Aug 26, 2015 07:09 am UTC| Commentary

Today Bill Dudley, the head of the NY Fed will be speaking. His speech will be on the local and regional economic situation. But during the QA session at the latest Dudley will no doubt have to talk about the events of the...

Risk perception on global financial markets remains high

Aug 26, 2015 07:04 am UTC| Commentary

Even though the monetary policy steps taken by the PBoC contributed to a calming of the situation yesterday, risk perception on the global financial markets remains high. On the one hand it is still unclear what effects...