UK gilts slip after BoE maintains benchmark interest rate at 0.25 pct
May 11, 2017 11:19 am UTC| Commentary Economy
The UK gilts slipped Thursday after the Bank of England (BoE0 maintained its benchmark Bank Rate at 0.25 percent, hinting that it may need to raise interest rates before late 2019 as markets had been expecting, after...
German 10-year bund yields jump to near 2-month high on expectations of rise in Q1 GDP
May 11, 2017 09:12 am UTC| Commentary Economy
The 10-year German bund yields jumped to near 2-month high Thursday, following expectations of a rise in the first quarter gross domestic product (GDP), scheduled to be released on May 12. Further, the countrys consumer...
BoK likely to leave benchmark interest rate at 1.25 pct until Q2 2018, says Scotiabank
May 11, 2017 08:25 am UTC| Commentary Economy
The Bank of Korea (BoK) is expected to leave the benchmark interest rate at its current level of 1.25 percent at least until the second half of 2018 when a cautious monetary tightening phase will commence. Further, the...
May 11, 2017 06:50 am UTC| Commentary Economy
Since the European Union referendum in June 2016, EUR/GBP has been caught in no mans land trading within the 0.84-0.88 range most of the time. As such, we do not see the upcoming UK general election as a major game changer...
New Zealand bonds end higher post RBNZ maintains neutral policy stance
May 11, 2017 06:10 am UTC| Commentary Economy
The New Zealand bonds ended Thursdays session on a higher note after reading the Reserve Bank of New Zealands (RBNZ) neutral monetary policy stance, wherein the central bank maintained its official cash rate (OCR) at a...
Australian bonds rally on short-covering, tracking U.S. Treasuries
May 11, 2017 05:39 am UTC| Commentary Economy
The Australian government bonds rallied Thursday as investors covered previous short positions before the end of the trading week and also tracking U.S. Treasuries. However, gains in equities amid a neutral Federal Budget...
FxWirePro: The Day Ahead- 11th May 2017
May 11, 2017 04:37 am UTC| Commentary Economy Central Banks
Lots of economic data and events scheduled for today and some with high volatility risks associated. Upcoming: Japan: Eco-Watchers survey report will be released at 5:00 GMT. Germany: Wholesale inflation...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight