PBoC’s stimulus unlikely to do much to prevent market turmoil
Aug 25, 2015 14:15 pm UTC| Insights & Views Central Banks
It may prove unwise to rely on Peoples Bank of Chinas (PBoC) measures to pop up financial markets. Sell offs already showed signs of reverse before the stimulus was announced. SP 500 jumped back sharply from 1830 area to...
Wave of stimulus measures from PBoC in bid to recover economy
Aug 25, 2015 12:16 pm UTC| Insights & Views Central Banks
Peoples Bank of China (PBoC) announced measures today to help the ailing economy to recover. PBoC reduced 1 year lending rates by 25 basis points to 4.6%. 1 year deposit rates were reduced by 25 basis points to...
Aug 25, 2015 07:14 am UTC| Insights & Views Central Banks
The ECB is faced with: i) a substantially stronger euro than expected, ii) inflation expectations are much below mandate-consistent levels, iii) oil prices are 31% lower than ECB expected in July, iv) GDP growth is looking...
Aug 25, 2015 07:08 am UTC| Commentary Central Banks
The USD was the main victim of the development of market uncertanity appeared in Chinese economy. It is a matter to discuss whether the developments in China really will affect the US economy to the extent the market is...
Aug 24, 2015 16:50 pm UTC| Commentary Central Banks
US financial market conditions have deteriorated in recent weeks and the pace of deterioration has accelerated in recent days. Most emerging market currencies have depreciated against the dollar, equity markets in both...
Weak Chinese data adds pressure on PBoC, policy easing moves look highly likely this week
Aug 24, 2015 10:18 am UTC| Insights & Views Central Banks
Fears that Chinese growth is weakening, dragging the global economy with it, are hammering commodities and world stock markets. Global stock markets extended broad based sell-off, with Chinese equities rout exacerbating...
Holes in the case for a September Fed hike
Aug 21, 2015 17:12 pm UTC| Commentary Central Banks
The constellation of adverse news from China continues to provide ample fuel for the risk-off theme in global markets. Augusts Chinese manufacturing PMI fell to its weakest reading since 2009. Meanwhile, the renewed...
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