Bank of England to make no move on UK rates in near term

Jul 10, 2015 10:02 am UTC| Commentary

The noise surrounding the Grexit debate has impacted upon market expectations, with a sharp decline in the market probability of a rate hike on maturities up to 12 months ahead. It was no surprise that there was no move on...

Two steps by Fed in 2015

Jul 10, 2015 09:53 am UTC| Commentary

In todays speech on the economic outlook and in next weeks semi-annual monetary policy statement before Congress Yellen might offer additional insights how the Feds leadership sees the current data situation.The current...

Fed lift-off not before December?

Jul 10, 2015 09:50 am UTC| Commentary

Even if FOMC members expect stronger rate hikes than the market, the dots have moved towards the opinion of the market in past months. This is probably due to the fact that wage pressure is only beginning to emerge....

Considerable decline of EU wheat crop expected, downside risks also in Ukraine and Russia

Jul 10, 2015 09:21 am UTC| Commentary

Despite a lack of rain and a sharp fall in the quality of the soft wheat crop, agricultural analysis firm FranceAgriMer in France still anticipates a large wheat crop. This is because winter wheat is grown for the most...

Fed FOMC meeting focuses on risks to growth

Jul 10, 2015 09:21 am UTC| Commentary Central Banks

According to the minutes of the last FOMC meeting on 16/17 June which have just been published, at that time the participants regarded the risks to growth as largely balanced. However, they warned that any assessment of...

Gold largely unchanged ahead of decision on Greece

Jul 10, 2015 09:18 am UTC| Commentary

A Greek exit from the Eurozone has become somewhat less likely after the Greek government last night submitted the required list of reforms, which largely tally with the Eurogroups proposals at the end of June. Gold is...

Denmark inflation to increase further

Jul 10, 2015 07:53 am UTC| Commentary

Over the next couple of months Danish inflation is expected to stay around the current level. Later this year, a continued upward trend is expected to be seen in the Danish inflation numbers as the base effects from the...