Spain’s industrial production plunges in May, below market expectations

Jul 06, 2016 09:27 am UTC| Commentary Economy

Industrial production in Spain plunged during the month of May, remaining well below market expectations, as a drop in the production of capital goods and non-durable consumer goods weighed on overall output. Production...

Fed’s Williams signals rate hike in 2016, dismisses further Brexit risk

Jul 06, 2016 09:08 am UTC| Commentary Economy Central Banks

The Federal Reserve Bank of San Francisco President John Williams, during a telephonic interview, signaled a rate hike this year, dismissing any further risks that might emanatefrom Britains likely exit from the European...

Eurozone periphery bonds slide as investors prefer safe-haven German bunds on Brexit worries

Jul 06, 2016 09:07 am UTC| Commentary

The Eurozone periphery bonds plunged on Wednesday as fears over instability in the European Union returned, which trigged a worldwide selloff in lower-rated debt and a flight to haven investments such as German...

Briferendum Aftermath Series

Briferendum Aftermath Series: Pound gets pounded as post-referendum cracks surface

Jul 06, 2016 08:57 am UTC| Commentary Economy

The British pound sterling curved a new 31 year low against the dollar today during the Asian trading hours as the pound dropped to 1.278, a low not seen since 1985. Investors are increasingly becoming nervous as...

German 10-year bund yield falls to record low as Brexit fear looms

Jul 06, 2016 08:34 am UTC| Commentary

The German 10-year bond yield fell to new low of -0.19 percent on Wednesday as investors poured into safe-haven instruments amid losses in riskier assets including crude oil and stocks. Also, investors were cautious...

BoE trims banks’ capital requirements as Brexit risk weighs deeper

Jul 06, 2016 07:52 am UTC| Central Banks Economy Commentary Insights & Views

The Bank of England has trimmed the capital requirements of commercial banks in its bi-annual Financial Stability report (FSR) published on Tuesday, in an attempt to waive off mounting Brexitrisks, post the June 23 UK...

Briferendum Aftermath Series

Briferendum Aftermath Series: Property trusts hit hard by post referendum withdrawal

Jul 06, 2016 07:48 am UTC| Commentary

Several property trusts halted the withdrawals of money yesterday as more and more clients submit requests for cash in their assets in theUK real estate funds. Two days back, Standard Life announced that it was stopping...