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In this exclusive series, we cover on negative rates and its fallacies and implications on global economy. Two fundamental ideas underlying this series are (1) the world may have moved from a positive carry to a negative carry and (2) negative rates are contradictory.

Negative Rates Series

BoJ likely to keep negative interest rates, 10-year government bond yield target unchanged

Oct 28, 2016 10:49 am UTC| Insights & Views Economy Central Banks

At its two-day policy meeting which concludes Nov 1st, the Bank of Japan (BoJ) is widely expected to keep unchanged its minus 0.1 percent short-term interest rate target. In a quarterly evaluation of its forecasts also due...

Negative Rates Series

Low interest rate level, increase in residential construction support New Zealand economic growth

Oct 18, 2016 11:42 am UTC| Commentary

Growth rates recorded for the New Zealands economy are quite encouraging in principle. The nations central bank, Reserve Bank of New Zealand, is expecting the economy to expand 3.2 percent in this year and 3.6 percent in...

Negative Rates Series

Worrisome Signs Series

Un-shortable market will end in another big short

Sep 23, 2016 07:05 am UTC| Commentary Central Banks

This year, U.S. benchmark stock index is up around 5.67 percent and this is the eight year running; so it wont be anexaggeration to call it an un-shortable market. However, the biggest concern is not the consecutive rise...

Negative Rates Series

Negative Rates Series: Negative yield universe shrinks by a trillion dollar

Sep 22, 2016 11:01 am UTC| Commentary

According to the latest figure from the rating agency Fitch, the size of the negative yielding bonds market stands at $10.9 trillion. As some longer dated bonds, move in the positive territory, especially in Japan, the...

Negative Rates Series

Negative rates Series: Bill Gross warns supernova

Sep 05, 2016 06:21 am UTC| Commentary

Bill Gross founder of bond powerhouse Pimco, who currently manages no constraint fund at Janus, warned over $10 trillion worth of bonds that are trading at negative yields. According to latest from rating agency Fitch,...

Negative Rates Series

FxWirePro: SNB negative rate policy and asset program keep Swiss franc at stake

Sep 05, 2016 06:19 am UTC| Insights & Views Central Banks

There is ageneral consensus that the Swiss franc is highly overvalued, but the external balance remains strong. Both the SNB and IMF think so, and the Big Mac index lists the franc as the most overvalued currency in its...

Negative Rates Series

Negative Rates Series: Negative yields likely to hurt pensioners the most

Sep 05, 2016 06:18 am UTC| Commentary

The chart shows clearly how the pension deficit has ballooned in the United Kingdom to 300 billion with the fall in the gilt yields. It shows despite assurances from the central banks from the developed world, pension...

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Economy

Singapore’s Q3 GDP growth upwardly revised, inflation likely to rise in November

Singaporean economic growth was upwardly revised from its initial advanced reading for the third quarter of 2017. The sequential growth was upwardly revised to 8.8 percent from the initial advanced reading of 6.3 percent....

UK gilts jump after Q3 preliminary GDP remains unchanged

The UK gilts jumped after the countrys third-quarter gross domestic product (GDP) remained unchanged compared to that in the second quarter, although meeting market expectations as households spending increased at the...

German bunds tad down after Q3 GDP remains steady, manufacturing PMI beats expectations

The German bunds traded flat Thursday after the countrys gross domestic product (GDP) for the third quarter of this year showcased a solid reading, albeit unchanged from that in the second-quarter. Also, the manufacturing...

Eurozone economy likely to grow 2.3 pct this year, 2 pct next, says DZ Bank

The Eurozone economy is expected to expand 2.3 percent this year and 2 percent in the next year, according to a recent report by DZ Bank. According to a flash estimate from Eurostat, third-quarter GDP increased by +0.6...

BoC likely to adopt wait-and-watch approach, says CIBC Research

The Bank of Canada (BoC) is expected to adopt a wait-and-watch approach over the near-term, according to a recent report from CIBC Research. Investors are still attaching a 40 percent probability to further monetary...

Politics

Brexit: why Macron has more room to manoeuvre than May and Merkel

Despite the valiant efforts of both the EU and the UK to uphold confidence in the Brexit negotiations process, its clear the talks have been deeply unsatisfactory for both sides. Fundamental conflicts of interest and...

Why PR agencies and their spin should be the subject of greater scrutiny

It was one of the biggest and best-known British PR agencies around. So when Bell Pottinger came crashing down earlier this year, you could be forgiven for wondering why it hadnt prepared a better crisis strategy to deal...

Catalonia crisis: Spain enters unchartered territory following Madrid move to end autonomy

Shortly after Catalonias parliament in Barcelona voted to declare independence from Spain on October 27, the senate in Madrid voted to trigger Article 155 of the Spanish constitution, removing Catalonias autonomy. In...

China's ambition burns bright - with Xi Jinping firmly in charge

The most important political event of 2017, the 19th Chinese Communist Party Congress, has concluded. And while there was much to digest, one image above all stands out: Xi Jinpings political dominance and his burning...

Kuwait's economic interest in mediating the Qatar-Gulf crisis

A blockade against Qatar by its Gulf neighbours is now in its fifth month. Saudi Arabia, Bahrain, Egypt and the United Arab Emirates severed socio-economic ties with Qatar as punishment for its alleged support of terrorism...

Science

Drug Addiction Could Be Cured With Gene Therapy

The opioid addiction crisis gripping the U.S. is currently one of the biggest health issues plaguing the country. In many cases, opioid addicts turn to using heroin or methamphetamine in order to get high. In what could...

Cancer Patient Injected With Vaccine For The First Time

Cancer is one of the last remaining major illnesses that still does not have a vaccine, but human trials have finally begun to change all this. Moderna Therapeutics just injected a patient with a cancer vaccine for the...

New Zealand’s Plan To Weaponize CRISPR To Annihilate Pests Sparks Debate In Scientific Community

Its always the same story. Governments want to use science as a weapon of mass destruction, certain members of the scientific community speak up about the potential consequences, and the debates ensue. In the case of New...

Scientists Achieved Real-Time Gene Editing In Live Human Subject For The First Time

Gene editing is considered by many as the future of medicine. The potential uses attributed to the field range from curing all kinds of diseases to making humans practically invulnerable. For the first time, scientists...

Scientist Proves Brain Implant Can Improve Memory By 30%

These days, one of the hottest topics in the tech and medical industries is the matter of cybernetics or merging man with machine. A scientist has recently advanced this field by demonstrating how a brain implant can...

Technology

JPMorgan CEO Calls Bitcoin ‘Stupid’, Offers Bitcoin Trading Anyway

The CEO Of JPMorgan, Jamie Dimon has been quite vocal in his criticism of cryptocurrencies like Bitcoin. In fact, he has been known to threaten to fire employees who traded in cryptocurrency and called the market stupid....

Russia Finally Acknowledges Radiation Clouds Over Europe But Denies Responsibility

For months now, European monitoring agencies have been detecting radioactive clouds over several EU countries. These agencies have been speculating that these clouds may be coming from Russia. However, not only did Russia...

$35,000 Off-Road EV Has 555 Horsepower And More Torque Than A Tank

While Tesla might be the reigning king of both sports and sedan electric vehicles, its cars are not exactly suited to off-road driving. This is where the Nikola Powersports Nikola Zero UTV (Utility Task Vehicle) could make...

Hawaii Joins In Condemning EA And Loot Boxes, Wants To Block Battlefront II Sales

At this point, its safe to say that loot boxes and microtransactions are incredibly unpopular features in games with anyone except the publishers. Everyone from the gamers to developers, and now, even politicians hate the...

Valve To Make Steam ‘Review Bombing’ Toothless With New Changes

Reviews are meant to inform customers, which is why Valve opted to allow users on its digital distribution platform Steam to leave them on games and other products. However, it would seem that some people have found a way...
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2017-11-23 16:31:32
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2017-11-23 16:30:58
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November 23 19:00 UTC Released

AREconomic Activity YY*

Actual

955 %

Forecast

-800 %

Previous

1755 %

November 23 19:00 UTC Released

ARRich Fed Mfg Shipments*

Actual

3.8 %

Forecast

4.4 %

Previous

-0.6000 %

November 23 21:00 UTC 3131m

KRConsumer Sentiment Ind*

Actual

Forecast

Previous

109 Bln USD

November 23 23:50 UTC 201201m

JPForeign Bond Investment

Actual

Forecast

Previous

-105 Bln JPY

November 23 23:50 UTC 201201m

JPForeign Invest JP Stock

Actual

Forecast

Previous

182.4 Bln JPY

November 24 00:30 UTC 241241m

JPNikkei Mfg PMI Flash

Actual

Forecast

Previous

52.8 bln $

November 24 09:00 UTC 751751m

DEIfo Business Climate*

Actual

Forecast

116.6 %

Previous

116.7 %

November 24 09:00 UTC 751751m

DEIfo Current Conditions*

Actual

Forecast

125 %

Previous

124.8 %

November 24 09:00 UTC 751751m

DEIfo Expectations*

Actual

Forecast

108.9 %

Previous

109.1 %

November 24 09:00 UTC 751751m

ITIndustrial Orders MM SA

Actual

Forecast

Previous

8.7 %

Close

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