UK gilts gain on safe-haven demand after PM May warns of 'critical' threat

May 24, 2017 10:14 am UTC| Commentary Economy

The UK gilts gained Wednesday as investors poured into safe-haven instruments after Prime Minister Theresa May, commented, post the terrorist attack in Manchester, that the level of threat has become critical. Also,...

German bunds gain ahead of ECB President Draghi’s speech

May 24, 2017 09:01 am UTC| Commentary Economy

The German bunds gained on Wednesday as investors wait to watch the European Central Bank (ECB) President Mario Draghis speech, scheduled to be held later in the day. However, prior, to that, the market is now reacting to...

EUR/HUF likely to rise to 315.00 by end of this year, says Commerzbank

May 24, 2017 08:11 am UTC| Commentary Economy

The EUR/HUF currency pair is expected to rise to a level of 315.00 by the end of this year after the Magyar Nemzeti Bank (MNB) left all monetary policy parameters on hold yesterday as markets had anticipated. The statement...

Oil in Global Economy Series

How the Aramco IPO will make history and transform Saudi Arabia's economy

May 24, 2017 06:48 am UTC| Insights & Views Economy

The US and Saudi Arabia have signed hundreds of billions of dollars worth of business deals following Donald Trumps trip to the oil-rich state. The biggest deal was for nearly US$110 billion worth of weapons (extending to...

New Zealand’s pick-up in underlying trade balance likely to continue over coming months, says ANZ Research

May 24, 2017 06:44 am UTC| Commentary Economy

New Zealands pick-up in the underlying trade balance is expected to be maintained over the coming months driven by both seasonal factors and better underlying drivers. A good end of summer and early autumn for most farmers...

New Zealand bonds remain weaker at close after reading better-than-expected April trade balance data

May 24, 2017 05:41 am UTC| Commentary Economy

The New Zealand bonds closed weaker Wednesday after reading the better-than-expected trade surplus data for the month of April, released earlier today. Further, the countrys dairy firm Fonterra lifted its forecast milk...

Renminbi Series: China suffers one notch downgrade from Moody’s

May 24, 2017 05:21 am UTC| Commentary Economy

The rating agency Moodys has downgraded Chinas sovereign credit rating from Aa3 to A1, which is the fourth highest rating in Moodys credit scale. After the downgrade, it changed the outlook from negative to stable. Marie...