European CDS shows no contagion from Greece
Jul 01, 2015 14:08 pm UTC| Insights & Views
European credit market has remained calm, even as Greece inches closer to exit. Probability of a Greek exit from Euro zone has increased dramatically as a no verdict on Sundays referendum according to European leaders...
Strong ADP employment brings FED closer to rate hike
Jul 01, 2015 13:29 pm UTC| Insights & Views
Probability of a rate hike in September moved up as US ADP employment surprised to upside. ADP is a good precursor of NFP report, which is scheduled at 12:30 GMT tomorrow. Dollar could find its upward groove back if NFP...
Jul 01, 2015 13:25 pm UTC| Insights & Views
Technical glimpse:The hanging man pattern which was occurred at 60.30 levels at the end of May needed a confirmation, now that has been backed up by both oscillating indicators (RSI stochastic) showing downward...
CL1 futures to face downtrend on inventory contraction and Greece debt default
Jul 01, 2015 13:14 pm UTC| Insights & Views
On the NYMX,crude oil futures for August delivery were down today at $58.61 a barrel.Brent for August delivery, the global benchmark was dipped 0.69% to $63.15.Oil prices were largely lower today after Greece defaulted on...
Jul 01, 2015 12:44 pm UTC| Insights & Views
Iran remains biggest threat to energy market this year as many analysts believe a nuclear deal among Iran and six world powers could bring out new wave of oil supply to already over supplied market. Diplomats from six...
India faces no risk from Greece but monsoon
Jul 01, 2015 12:03 pm UTC| Insights & Views
While according to many economists and analysts emerging markets remain vulnerable to any fallout from Greece, India with its improved economic outlook, remains shining light among darkness. According to new...
US ADP-NFP, ISM manufacturing likely to boost dollar; UK PMI to weaken GBP
Jul 01, 2015 11:25 am UTC| Insights & Views
Keeping Greece pressures aside, the focus have fallen on the UK manufacturing PMI and US ADP employment reports, as well as the final estimate of the euro zone manufacturing PMI.Evidence of a stronger tone of manufacturing...
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
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects