BCB's verbal intervention already ineffective
Sep 29, 2015 07:01 am UTC| Commentary
Thursdays verbal intervention from the Brazilian central bank (BCB) has already proven ineffective. USD-BRL is back at levels above 4.10 which illustrates that already markets are beginning to doubt whether BCB have either...
Norway's retail sales likely to show moderate growth
Sep 29, 2015 06:54 am UTC| Commentary
In Norway, private consumption has held up quite well to date despite the lower oil price and rising unemployment, presumably thanks to lower interest rates.Consumer confidence, however, has now fallen to its lowest level...
Denmark's manufacturing confidence likely to climb -5 in September
Sep 29, 2015 06:54 am UTC| Commentary
In Denmark, the government presents its budget proposal for 2016. Some of the content has already been leaked. The government proposes to tighten by 0.3% ofGDP in order to avoid violating the so-called budget law stating...
Equity markets continue lower, catalysed by weak Chinese data
Sep 29, 2015 06:48 am UTC| Commentary
Downbeat data on Chinese industrial profits yesterday, showing an 8.8% decline in August and the nervous sentiment for risky assets continues this week added to the negative tone.The major indices closed the day lower,...
Correlation breakdown no more in global FX market, risk aversion back
Sep 29, 2015 06:47 am UTC| Commentary
One reason for the delayed reaction in the FX markets could be that a lot of negatives are already in the FX price - especially bad news regarding Chinaand/or the global economy. The currency markets may have moved ahead...
Fed likely to hike in 2016, but mixed messages from Fed officials
Sep 29, 2015 06:42 am UTC| Commentary
New York Fed President Dudley, who is seen as an important swing voter, told the audience at a WSJ event yesterday that the Fed remains on track to raise interest rates later this year, thus echoing remarks made by Fed...
U.S. labor market conditions may tighten further in September
Sep 29, 2015 06:11 am UTC| Commentary
Since the beginning of the 21st Century, the U.S. BLS has generally underestimated the change in nonfarm payrolls in August only to post upward adjustments in subsequent reports. Since 2001, first-closing revisions have...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects