Global economy on course for robust second quarter - PMI survey

Jun 09, 2017 12:14 pm UTC| Insights & Views Economy

According to PMI survey data compiled by IHS Markit, JPMorgan Global PMI edged higher to 53.7 in May from 53.6 in the previous month. Both the emerging markets and the developed world signalled robust rates of economic...

U.S. Treasuries trade lower amid global political turmoil, muted trade

Jun 09, 2017 11:28 am UTC| Commentary Economy

The U.S. Treasuries traded lower Friday in the midst of a political turmoil in the global economy, following the UK snap election that resulted in a hung Parliament amid the absence of any economically influential...

UK gilts jump on worries over a hung Parliament after Conservatives lose majority

Jun 09, 2017 10:18 am UTC| Commentary Economy

The UK gilts jumped on worries over the countrys hung Parliament after the Conservatives party fell short of a majority vote to secure its position as the ruling government. Prime Minister Theresa Mays surprise call for a...

Eurozone periphery bonds gain on safe-haven demand post softer German trade balance data

Jun 09, 2017 09:05 am UTC| Economy Commentary

The Eurozone periphery bonds gained on the last trading day of the week, as investors poured into safe-haven instruments after Germanys registered a softer trade surplus for the month of April, released earlier...

China annual CPI likely to rise gradually in the coming months, says ANZ Research

Jun 09, 2017 07:56 am UTC| Commentary Economy

The year-on-year Consumer Price Index (CPI) to rise gradually in the coming months, as the high base effect of food prices starts to moderate. The CPI rose 1.5 percent y/y in May compared with 1.2 percent in April, as the...

DXY Index likely to advance modestly prior to June FOMC meeting, says Scotiabank

Jun 09, 2017 06:43 am UTC| Commentary Economy

The dollar index is expected to advance at a moderate pace before the Federal Open Market Committees (FOMC) meeting in June. The Comey testimony didnt have a material effect as the former FBI Directors verbal testimony in...

New Zealand bonds close flat in subdued trade as UK heads toward a hung Parliament

Jun 09, 2017 06:03 am UTC| Commentary Economy

The New Zealand remained flat at the time of closing Friday in a silent trading session that witnessed no significant data. However, the ongoing distress surrounding the notion of a hung Parliament in the UK, after Prime...