Start of ECB QE unlikely to herald strong recovery
Mar 09, 2015 15:34 pm UTC| Commentary
The euro-zones central banks embarked on the 1.1trn QE programme this morning, causing the euro exchange rate and bond yields throughout the region to extend their previous declines.Recent data have shown credit growth and...
Mar 09, 2015 15:20 pm UTC| Commentary
Quotes from Western Union:- PBoC set Yuans mid-point fixing to its lowest level since Nov as the Yuan continued to trade precariously close to the top end of its 2% band. Over the weekend China reported a record trade...
Mar 09, 2015 15:19 pm UTC| Commentary
Quotes from Western Union:- The strong US Dollar, weaker Chinese imports domestic factors sent the Brazilian Real to fresh lows over the 3.00 level, which have not been seen since June 2004.- Spiraling inflation which...
Mar 09, 2015 15:18 pm UTC| Commentary
Quotes from Western Union:- The Mexican pesos deep dive last week has forced the Mexican central bank to auction at 200 million or shore up the beleaguered currency which traded close to the financial crisis highs last...
Mar 09, 2015 15:15 pm UTC| Commentary
Quotes from Western Union:- The Canadian Dollar traded weaker in early morning trade tracking the fall of 1.4% in crude oil on comments from OPEC Secretary-General that OPEC should not subsidize high cost shale oil...
Mar 09, 2015 15:14 pm UTC| Commentary
Quotes from Western Union:- The Euro bounced off lows not traded since Sept 2003 on account of profit taking in late European trading. Strong payroll numbered on Friday increased the chances of a rate hike in Q3 this year...
Housing market will weigh on Canadian real GDP growth in Q1 2015
Mar 09, 2015 14:59 pm UTC| Commentary
Canadian housing starts declined sharply in Feb, falling 16.4% m/m to 156K units, the largest decline since March 2014. On a yoy basis, the picture was even more dire, with housing starts declining 18.8% over year-ago...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects