Sep 22, 2015 14:50 pm UTC| Insights & Views
Equities are all trading in green today. Performance this week at a glance in chart table - SP 500 - SP 500 is down -2%, hit by risk aversion arising from global growth concern. Todays range 1976-1933. SP 500 future...
RBS joins dovish club over BOE rate hike as mining massacre continues across globe
Sep 22, 2015 14:24 pm UTC| Insights & Views
Royal Bank of Scotland joined the dovish club against Bank of England (BOE) rate hike after Citi last week pushed their expectations for rate hike further to end of next year and one hike in 2016, instead of previous...
Nervous market pushes Brazilian Real to new all-time low
Sep 22, 2015 13:01 pm UTC| Insights & Views
Markets nervousness over emerging markets is proving hard to be cured as currencies kept plunging despite US Federal Reserve kept rates on hold. Situation is worst for Brazil, whose currency has taken a dive to new...
Sep 22, 2015 12:30 pm UTC| Insights & Views
The US dollars strength is forecasted which we expect to appreciate by more than 5% in REER terms over the next 12 months even though the Fed delays its lift-off. On this stronger USD outlook, we also project the EUR to...
Traders bring down Zinc to lowest since 2010 worrying over China
Sep 22, 2015 12:28 pm UTC| Insights & Views
Traders are pushing metals to their lowest levels not seen since financial crisis. Base metal sector is taking heavy hit today as investors keep on shorting commodities. Red metal Copper, which is often seen as barometer...
Risk of a delay in BOE hiking cycle likely if Fed holds rates longer
Sep 22, 2015 11:20 am UTC| Insights & Views Central Banks
The U.S. central bank held fire on its first rates rise in more than nine years. A rate rise is not expected to happen until next year in the wake of a global stock market sell-off triggered by economic turmoil in China....
UK government borrows more than expected
Sep 22, 2015 11:10 am UTC| Insights & Views
Latest report from Office of National Statistics (ONS) shows that public-sector net borrowing in the UK (excluding banks) rose to 12.1 billion in August, while economists expected that it would come in at a lower level of...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects