Bond yields continued higher on Mario Draghi's comments
Jun 03, 2015 17:46 pm UTC| Commentary
The ECB meeting provided little news and the introductory statement was broadly unchanged from mid-April. However, bond yields continued higher on Mario Draghis comments despite his continued signal of full QE...
ISM non-manufacturing weakens in May as headwinds still linger
Jun 03, 2015 17:25 pm UTC| Commentary
U.S. ISM non-manufacturing index moved opposite to its manufacturing counterpart and printed slightly lower than expected. While the index still remains well in expansionary territory, it now sits 0.4% below last years...
Deflation to keep Poland MPC will in wait-and-see mode this year
Jun 03, 2015 17:10 pm UTC| Commentary
The Polish Monetary Policy Council decided to leave its benchmark reference rate at 1.5%, which is in line with market consensus. The MPC will remain in wait-and-see mode this year, mainly due to deflation. Deflation will...
Recent bond market sell-off a warning of future periods of higher volatility
Jun 03, 2015 16:53 pm UTC| Commentary
The ECBs June meeting was very much in line with our expectations: the tone remained dovish with the favourable forecasts conditional on the full implementation of current asset purchase plans, said Soc GenThe inflation...
Jun 03, 2015 16:40 pm UTC| Commentary
Western Union:Good news today on the U.S. economy helped the dollar keep close to session highs and the Fed on track to boost interest rates. ADP reported faster private-sector hiring with its monthly survey rising 201,000...
Jun 03, 2015 16:39 pm UTC| Commentary
Western Union:A smaller but still substantial Canadian trade deficit weighed anew on the loonie which slumped to new session lows.Canada posted a C$2.97 billion trade gap in April as imports jumped 2.5 percent and exports...
Jun 03, 2015 16:39 pm UTC| Commentary
Western Union:The Aussie dollar remained a dominant performer for a second straight day, boosted by fading expectations for further interest rate cuts Down Under.Aussie first quarter growth proved stronger than expected,...