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Moody's downgrades China's rating to A1 from Aa3 and changes outlook to stable from negative

May 24, 2017 00:22 am UTC| Research & Analysis

Moodys Investors Service has today downgraded Chinas long-term local currency and foreign currency issuer ratings to A1 from Aa3 and changed the outlook to stable from negative. The downgrade reflects Moodys expectation...

Fitch: Saudi 1Q Deficit Narrows, Some Allowance Cuts Reversed

May 23, 2017 11:56 am UTC| Research & Analysis

Saudi Arabias sharply narrower first quarter deficit highlights the positive fiscal impact of higher oil prices. But the partial reversal of a cut in public sector allowances shows reforms are not yet well entrenched,...

Moody's: Weak structures of cov-lite loans, now the majority of US leveraged loan market, suggest lower-than-average recoveries in the next downturn

May 23, 2017 11:20 am UTC| Research & Analysis

Poorly structured covenant-lite loans today make up a much larger proportion of the US leveraged loan market than they did before the credit crisis, and this does not bode well for investor recoveries during the next...

Fitch: Recovery in Belarus Bank Lending is Still Some Way Off 

May 23, 2017 10:34 am UTC| Research & Analysis

A return to growth in Belarusian bank lending is still some way off, Fitch Ratings said at its annual conference on Belarus in Minsk today. We expect new lending (excluding exchange-rate effects) to be at best flat in...

Moody's: Low interest rates partly offset risks from UK consumers' high over-indebtedness levels

May 23, 2017 07:37 am UTC| Research & Analysis

Low interest rates mean that despite recent looser underwriting of unsecured debt, consumers in the United Kingdom (UK) will continue to be able to service their high debt levels in a base case scenario, according to...

Announcement: Moody's: Namibia's credit profile balances medium-term growth prospects against rising public debt

May 23, 2017 05:39 am UTC| Research & Analysis

Namibias Baa3 rating with a negative outlook reflects the countrys solid medium-term growth prospects and institutional strength, set against credit challenges including its rising public debt and heightened external...

FxWirePro: Short EM vol risk in CNH options – Calendar option structures

May 19, 2017 13:15 pm UTC| Research & Analysis Insights & Views

A steeply upward sloping CNH vol curve in the 3M-1Y segment motivates forward vol selling at a substantial premium to spot ATM vol. The steepness of the vol curve is substantial for the level of base vols and worth milking...

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Economy

Is China the potential driver of a new wave of globalisation?

Since the 2008 global financial crisis and with a particular impetus after Xi Jinping became president in 2012 Chinas foreign policy has been characterised by a departure from a keeping a low profile approach to one of...

Japan's underlying inflationary pressures remain subdued, highlight difficult task ahead for the BoJ

In Japan, data from the Internal Affairs Ministry showed on Friday that Japans core consumer inflation gauge rose for a fourth month in April, the longest run of gains since mid-2015, but remains far below the central...

German bunds climb on safe-haven demand amid quiet trading session

The German bunds climbed at the close of the trading week on Friday as investors poured into safe-haven instruments amid a quiet trading session that witnessed data of less economic significance. The yield on the...

EUR/HUF likely to remain steadily higher over the coming year, says Commerzbank

MNB remained dovish at its May Monetary Policy Committee (MPC) meeting this week, but there was the absence of any fresh dovish signals, which made markets wonder whether or not MNB was going to reconsider its ultra-dovish...

JGBs flat post slightly lower-than-expected April core consumer inflation

The Japanese government bonds traded flat on the last trading day of the week after reading the countrys slightly lower-than-expected core consumer price inflation for the month of April. The benchmark 10-year bond...

Politics

Virtual doorstep: journalists, social media and the victims of tragedy

Some of the most powerful stories about the atrocity in Manchester have been told online: whether pictures of the missing, the videos taken in the aftermath or the hashtags such as #roomformanchester or #acityunited...

How World War I changed the weather for good

Culture has rarely tired of speaking about the weather. Pastoral poems detail the seasonal variations in weather ad nauseam, while the term pathetic fallacy is often taken to refer to a Romantic poets wilful translation of...

Beyond Brexit: ‘Global Britain’ looks to the emerging Anglosphere for new opportunities

What lies beyond Brexit? This is not just a question for the United Kingdom and the European Union, but also one that will reverberate around the world. One answer is the Anglosphere. Often spoken of as an...

Electioneering in the social media age

Britain is engaged in a General Election contest and once again political parties are investing money, time and energy in their online presence. The Tories are ploughing cash into Instagram adverts and Labour is doing its...

How UKIP’s decline could provide a major boost for Theresa May

The British prime minister Theresa May called a snap general election in the expectation that it will deliver her a substantially increased parliamentary majority. This in turn would give her the strong and stable...

Science

Resistance to hydropower is evaporating as science takes centre stage

Big dams have a bad reputation. Theyre often associated with social disruption and environmental damage. That perception is now shifting. The challenges of climate, urbanisation and economic growth in countries and...

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...

Scientific Proof That Vegans Are Right, Going Meatless Will Save The World

In developed communities, particularly in the US, Vegans have earned unfortunate reputations for being a little annoying. However, new scientific research suggests that they may actually have the right standpoint on the...

Technology

Designing games that change perceptions, opinions and even players' real-life actions

In 1904, Lizzie Magie patented The Landlords Game, a board game about property ownership, with the specific goal of teaching players about how a system of land grabbing impoverishes tenants and enriches property owners....

Another Private Rocket Company Competes With SpaceX, Successful Test Reaches Space

Theres no denying that Elon Musks SpaceX is the most popular private space company in the business right now. However, its not the only one. Another American company successfully launched a rocket from a New Zealand site,...

Free ‘The Witcher’ Game Available To Players Of ‘Gwent’ Closed Beta

CD Projekt Red has opened the doors to the open beta of the Gwent: The Witcher Card Game, so everyone can finally try out the spin-off card game found in The Witcher 3: Wild Hunt title. This isnt the end of the surprises,...

Fallout 4 Is Free-To-Play This Weekend, But Only This Weekend

Theres no doubt that Bethesdas Fallout 4 video game has been a financial success, but it seems the company wants to increase the exposure of the title years after its release. This weekend, players will be able to download...

Far Cry 5 Details Revealed; Cults And Inbred Characters?

After confirming a few details about Far Cry 5 last week, Ubisoft promised that it will do the official announcement of the game in a few days. In the meantime, the company released an official artwork for the game that...
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May 26 14:30 UTC Released

USECRI Weekly Annualized*

Actual

5.1 %

Forecast

Previous

5.0 %

May 26 14:30 UTC Released

USECRI Weekly Index*

Actual

144.1 %

Forecast

Previous

144.5 %

May 28 15:00 UTC 15141514m

SAM3 Money Supply YY*

Actual

Forecast

Previous

0.0 %

May 28 15:00 UTC 15141514m

SAPvt Sector Loans YY*

Actual

Forecast

Previous

-0.1 %

May 29 08:00 UTC 25342534m

EZLoans to Households*

Actual

Forecast

Previous

2.4 %

May 29 08:00 UTC 25342534m

EZLoans to Non-Fin

Actual

Forecast

Previous

2.3 %

May 29 08:00 UTC 25342534m

EZMoney-M3 Annual Grwth*

Actual

Forecast

5.2 %

Previous

5.3 %

May 29 23:30 UTC 34643464m

JPAll Household Spending MM*

Actual

Forecast

1.1 %

Previous

-2 %

May 29 23:30 UTC 34643464m

JPAll Household Spding YY*

Actual

Forecast

-0.7 %

Previous

-1.3 %

May 29 23:30 UTC 34643464m

JPJobs/Applicants Ratio

Actual

Forecast

1.46 %

Previous

1.45 %

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