FxWirePro: The Day Ahead- 9th May 2017
May 09, 2017 04:25 am UTC| Commentary Economy Central Banks
Not many economic data and events scheduled for today but some with high volatility risks associated. Data released so far: Japan: Labor cash earnings declined by 0.4 percent y/y in March. Australia: Retail...
Government spending explained in 10 charts; from Howard to Turnbull
May 09, 2017 03:51 am UTC| Insights & Views Politics Economy
Successive Australian governments are usually judged on how they balance the budget and spend taxpayers dollars. The stereotypes are that Liberal governments keep a tight hold on the purse strings, while Labor governments...
Continued global growth momentum required to maintain China’s export growth, says Nordea Bank
May 08, 2017 22:44 pm UTC| Commentary Economy
Data released in April has given a mixed picture of the Chinese economy. Even if FX reserves came in upbeat, disappointing trade growth might be the start of a trend, noted Nordea Bank in a research report. This provides...
U.S. Treasuries gain ahead of FOMC members’ speech, 10-year auction
May 08, 2017 12:21 pm UTC| Commentary Economy
The U.S. Treasuries gained Monday as investors look forward to a host of speeches from the Federal Open Market Committee (FOMC) members, scheduled for later today and through the week. Also, 10-year note auction, due to be...
China’s export growth momentum likely to soften in Q2, outlook to remain stable through 2017
May 08, 2017 12:11 pm UTC| Economy Insights & Views
Chinas exports and imports data surprised negatively in April, suggesting that Chinas export growth momentum is likely to soften in Q2. Data released earlier on Monday that Chinas exports in April rose 8 percent...
USD/JPY likely to close 2017 at 117, says Scotiabank
May 08, 2017 10:55 am UTC| Commentary Economy
The Japanese yen (JPY) continues to reflect shifts in global investor sentiment and relative monetary policies. Perceptions of Japans sovereign creditworthiness have improved. During the end of April, Fitch Ratings...
UK gilts slide ahead of BoE’s monetary policy meeting, March manufacturing production
May 08, 2017 10:05 am UTC| Commentary Economy
The UK gilts slid Monday as investors wait to watch the Bank of Englands (BoE) monetary policy meeting, scheduled to be held on May 11. Also, the countrys manufacturing production for the month of March will be eyed for...
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
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight