US crude oil stocks expected to drop for 7th consecutive week
Jun 17, 2015 10:29 am UTC| Commentary
Oil prices are beginning trading largely unchanged today. Brent is priced at $63.7 per barrel and WTI at $60 per barrel. Prices were given buoyancy yesterday by a tropical storm that made landfall on the Texan Gulf Coast....
Jun 17, 2015 09:54 am UTC| Commentary
Indias trade numbers showed sharp drops in both exports and imports in May.Exports contracted for the 6th straight month at -20.2%y/y from -14.0% in April. More pertinently, it contracted by double digits for the 5th...
Brazil experiences large macroeconomic imbalances
Jun 17, 2015 09:49 am UTC| Commentary
The Brazilian real traded with a good tone on Tuesday gaining around 1.2% to the USD and closing at USD-BRL 3.089. The BRL traded at the tune of domestic news largely ignoring the global backdrop that continues to watch...
No rate hike expected from today's FOMC meeting
Jun 17, 2015 09:42 am UTC| Commentary
The Fed wants to be on the safe side, therefore, it will not hike rates at todays meeting.The economic recovery following the weak Q1 is not as obvious from the data as the FOMC would like it to be. There is a reason why...
Jun 17, 2015 09:26 am UTC| Commentary
The European Court of Justice (ECJ) yesterday decided that the OMT programme, i.e. the unlimited purchase of bonds, was in line with EU legislation. The purchases were not in breach of the ban of monetary financing of the...
Another vote for no change is likely from BoE's minutes
Jun 17, 2015 07:53 am UTC| Commentary
The set of minutes may well have been written long before the date of publication. The MPC meeting this month was a dry-run of the new process of a three-day meeting (Thursday, Monday, Wednesday) followed by the...
UK's earnings growth picking up
Jun 17, 2015 07:47 am UTC| Commentary
The variable like rate of earinings growth will be in the mind of MPC, during revising interest rate."If the output gap is really closing up then it should be showing up in an acceleration in earnings growth. And, growth...
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