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KRW likely to advance further amid resumed equity inflows, says Scotiabank

May 17, 2017 06:46 am UTC| Commentary Economy

The KRW will likely advance further amid resumed equity inflows while remaining susceptible to positioning, external liquidity conditions and hovering geopolitical uncertainty. The currency pair is expected to trade...

New Zealand bonds gain at close despite rise in dairy prices at latest GDT auction

May 17, 2017 06:04 am UTC| Commentary Economy

The New Zealand bonds gained at the time of closing Wednesday despite witnessing a rise in dairy prices at the latest GlobalDairyTrade (GDT) price auction. At the time of closing, the yield on the benchmark 10-year...

Australian 10-year bond yields slump tracking strength in U.S. Treasuries; April employment report in focus

May 17, 2017 04:46 am UTC| Commentary Economy

The Australian government 10-year bond yields slumped Wednesday, tracking strength in U.S. Treasuries. Also, investors now remained focused on the countrys employment report for the month of April, scheduled to be released...

Central Banking Series

Riksbank proposes to scrap CPI as formal target in favour of CPIF

May 16, 2017 22:50 pm UTC| Commentary Economy

On Tuesday, the Swedish central bank, Riksbank, proposed to scrap the CPI as the formal target in favour of the CPIF. Moreover, the central bank also implied that the tolerance bank of plus or minus 1 percentage point...

Australia’s underlying inflation drivers remain largely subdued, says ANZ

May 16, 2017 19:50 pm UTC| Commentary Economy

The ANZ Inflation Risk Index for Australia continues to imply that the nations underlying inflation drivers continue to be greatly subdued. The risk of below-target inflation continues to be high at about 40 percent in...

Two Swedish economists foresaw the backlash against globalisation – here's how to mitigate it

May 16, 2017 16:54 pm UTC| Insights & Views Economy

The first article in our series Globalisation Under Threat looks at work from the 1930s that anticipated the backlash against globalisation. Economists Eli Heckscher (1879-1952) and Bertil Ohlin (1899-1979) died more...

Shifting the tax burden to middle income earners will undermine jobs and growth

May 16, 2017 16:49 pm UTC| Insights & Views Economy

The governments idea of raising the Medicare levy, while also removing the 2% budget deficit levy on incomes above A$180,000, is less transformational and more signature Liberal policy. It shifts the tax burden towards...

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Economy

Poland economy starts Q2 on strong note, but lack of inflationary pressure to keep NBP's easy monetary stance intact

The Monetary Policy Council of the National Bank of Poland (NBP) decided to keep the interest rates on hold at last weeks meeting and indicated that it may not start to lift interest rates next year as analysts had...

U.S. Treasuries lose ground on strong cues from global equities; FOMC speeches in focus

The U.S. Treasuries lost ground at the start of the week on Monday in reaction to strong cues from the Wall Street ahead of a host of speeches by the Federal Open Market Committee (FOMC) members Harker and Kashkari,...

UK gilts mixed ahead of PM May’s speech, Q1 GDP data

The UK gilts remained mixed Monday as investors wait to watch the countrys Prime Minister Theresa May speak later in the day. Also, market participants are eyeing the release of the countrys first-quarter gross domestic...

Australian bonds range-bound in thin trading activity; upbeat riskier assets weigh

The Australian bonds traded range-bound at the start of the trading week as investors remain aloof from major trading activity amid signs of possible muted session as market lacks release of any influential data. Further,...

Global series: Globalisation Under Pressure

The rise in nationalism. Brexit and Trump. Reactionary far-right parties wooing millions of voters around the world. The facts on the ground are clear: globalisation and the international economic and political system...

Politics

The firing of James Comey: Psychology helps explain what Trump got wrong

Why has President Trump failed to convince anyone other than his ardent supporters that he was justified in firing FBI Director James Comey? Even more, why did he fail to realize that the firing would call up strong...

Merkel's way looks clear after German regional elections derail her main rival

Angela Merkels Christian Democratic Union has won a resounding victory in a regional election in Germanys most populous state, North-Rhine Westphalia (NRW). The CDU is now in pole position to be the largest party when...

Iranian voters want economic justice – but the candidates don't measure up

The campaign for the 2017 election in Iran, which takes place on May 19, has now moved into its final phase. The incumbent president, Hassan Rouhani, faces an assortment of competitors. These include one of his...

The South African government hasn't given up the fight for nuclear

Nuclear energy in South Africa is a highly contested issue; so much so that a court recently ruled against the governments plans to issue a contract for the construction of eight new nuclear power stations. The ruling...

Science

There Are Now Tattoos That Can Say It Was Stupid To Get A Tattoo Out Loud

Humans have had a long history with tattoos, going back to the hunter-gatherer days when primitive tribes would mark themselves after a successful hunt or winning a war. These days, tattoos have become a fashion statement,...

Gas Station On The Moon Planned, Mars Mission Jump Point

There are several developments in the space sector right now, one of which is the effort to colonize Mars. However, this project has quite a few obstacles with energy burnout being a major factor. This is where a Caltech...

Arms Early Impressions Favorable, Nintendo Switch Motion Control Seems Good

When it was announced that Nintendo was going to be released a fighting game with motion controls called Arms, many were concerned that the response wouldnt be up to par. Based on early impressions, however, both the game...

Inoculation theory: Using misinformation to fight misinformation

As a psychologist researching misinformation, I focus on reducing its influence. Essentially, my goal is to put myself out of a job. Recent developments indicate that I havent been doing a very good job of it....

Scientist Creates Self-Healing Roads, No More “Road Closed For Repairs” Signs

Driving through traffic is bad enough in todays modern cities but potholes and congestion caused by detour signs that read Road Closed For Repairs can make the practice infinitely more aggravating. Thanks to a new...

Technology

Legal Landmines Preventing Global Adoption Of Blockchain

While Blockchain is getting widespread interest and use in various industries now, there are quite a few legal hurdles that are preventing global acceptance of the revolutionary concept. A lot of this has to do with the...

‘Order Food’ Feature Now Available In Facebook App

In the past, users would launch the Facebook app to catch up with the posts of friends and family. Recently, however, it has become clear that Mark Zuckerberg wants to make his social media company an inseparable part of...

Siri Obsolete According To Tests, AI Assistant Bar Raised Beyond Apple’s Reach

Theres no denying that artificial intelligence is becoming a huge trend in the tech industry. Amazon has Alexa and its Echo devices, while Google has Google Home and Google Assistant. There used to be a time when Apple was...

iPhone 8 Could Be Most Expensive Version Yet, Leaked Mold Photos Provide Context

No one can ever accuse Apple of selling cheap phones, but as expensive as its iPhones have been in the past, it seems the gadgets newest incarnation will be the priciest yet. Some reports are even indicating that the...

Destiny 2 Will Be 30FPS On Consoles, Period; PS4 The Better Version For Gamers?

Early impressions for Bungies Destiny 2 FPS have been good, to say the least. However, this doesnt mean that there are no issues. According to new announcements, it would seem that the game will be locked at 30 frames per...
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Market-moving news and views, 24 hours a day >

May 22 14:30 UTC Released

TRCentral Govt Debt Stock*

Actual

794.5 bln TRY

Forecast

Previous

793.3 bln TRY

May 22 13:00 UTC Released

RUUnemployment Rate*

Actual

5.3 %

Forecast

Previous

5.4 %

May 23 00:00 UTC 285285m

ARTrade Balance*

Actual

Forecast

Previous

-941 mln $

May 23 00:30 UTC 315315m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.7 bln TRY

May 23 06:00 UTC 645645m

DEGDP Detailed QQ

Actual

Forecast

0.6 %

Previous

0.6 %

May 23 06:00 UTC 645645m

DEGDP Detailed YY

Actual

Forecast

1.7 %

Previous

1.7 %

May 23 06:45 UTC 690690m

FRBusiness Climate

Actual

Forecast

108 bln BRL

Previous

108 bln BRL

May 23 07:00 UTC 705705m

FRMarkit Mfg Flash PMI

Actual

Forecast

55.2 %

Previous

55.1 %

May 23 07:00 UTC 705705m

FRMarkit Comp Flash PMI

Actual

Forecast

56.7 %

Previous

56.6 %

May 23 07:00 UTC 705705m

FRMarkit Serv Flash PMI

Actual

Forecast

56.5 %

Previous

56.7 %

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