Brazilian Real suffers ugly sell offs as S&P downgrades Brazil to junk
Sep 10, 2015 13:42 pm UTC| Insights & Views
Last night, credit rating agency Standard and Poor (SP), stripped off Brazil of its investment grade credit rating by reducing the rating to BB+ from BBB-. Immediately, lot of money will flow out of countrys asset market,...
Eurozone is way behind when it comes to employment
Sep 10, 2015 12:33 pm UTC| Insights & Views
Euro zone has better growth dynamics or to say, delta for growth is much higher even compared to United States and United Kingdom, two of the fastest growing G7 nations. Moreover as an area, it has much better trade...
Key highlights from BOE monetary policy and minutes
Sep 10, 2015 11:47 am UTC| Insights & Views Central Banks
Bank of Englands monetary policy committee (MPC) chose to keep monetary policy steady for 6 years and 7 months with interest rates at record low 0.5%. Last time policy rate was changed dates back in February 2009, when...
No immediate need for SNB to intervene
Sep 10, 2015 11:40 am UTC| Insights & Views Central Banks
SNB convenes on 17 September to announce the quarterly monetary policy assessment and is widely expected to keep the key policy rates unchanged at -0.75%. Although the international environment has become more uncertain,...
Trade slows down across G7 and BRICS in spite of optimistic central bankers
Sep 10, 2015 11:16 am UTC| Insights & Views
Global trade, a barometer for global growth is pointing to trending slow down across G7 and BRICS countries. Without rise and sustenance in trade across world, it will be difficult to achieve sustained growth. The chart...
Steady decline in realized volatility suggests further rise in S&P 500
Sep 10, 2015 10:25 am UTC| Insights & Views
In spite of sharp drop yesterday, steady decline in realized volatility measured by 10 day Average True Range (ATR) suggests there could be further rise in SP 500. Focus now is on FOMC next Thursday. US stocks might...
Sep 10, 2015 09:44 am UTC| Insights & Views Central Banks
Bank of England (BOE) is scheduled to announce its monetary policy at 11:00 GMT, will release minutes of meeting along with. Pound is trading just below key resistance of 1.543 against Dollar, heading into monetary...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects