Stronger construction failed to boost pound
Mar 03, 2015 12:14 pm UTC| Insights & Views
Today the construction PMI data was positive at 60.1 better than previous 59.1. February is the twenty-second successive month the UK Construction PMI has been above the 50 threshold and expanded. The latest survey...
USD libor firmed over FED’s credibility
Mar 03, 2015 11:23 am UTC| Insights & Views
Dollar denominated interest rates have risen over the last year in anticipation of a rate rise in the US. Federal Reserve so far is not expected to disappoint the market. Rise in economic activity suggests that the economy...
No respite for Euro until youth employment improves
Mar 03, 2015 10:29 am UTC| Insights & Views
Latest statistics from Organization of Economic Development and Cooperation (OECD) show the high rates of inactivity among youth in the Euro zone. Since the 2008 great recession and 2011 Euro zone debt crisis the...
China’s problem is debt not growth
Mar 03, 2015 09:56 am UTC| Insights & Views
Latest data suggest that the slowdown in China is real. Last year GDP has slowed to multi decade low to 7.4 percent. This year it is widely expected that government will reduce the GDP estimate further towards 7%. ...
Mixed views come over Greece bailout
Mar 03, 2015 09:07 am UTC| Insights & Views
Greek government had secured an extension of the current bailout programme by four months to negotiate over better deals with European counterparts last month. Different views over the negotiation already started...
Yen gains on official comments
Mar 03, 2015 08:31 am UTC| Insights & Views
Yen is currently trading at 119.7 up 0.40% percent for the day against the dollar. In intra day trading Yen traded as low as 119.5 against dollar. Esturo Honda, economic adviser of Prime Minister Shinzo Abe warned the...
Aussie may not gain much from RBA’s rate hold
Mar 03, 2015 08:06 am UTC| Insights & Views
Today Reserve Bank of Australia (RBA) kept its policy rate on hold at 2.25 percent. Australian dollar is enjoying bids on the news so far. Key notes - RBA acknowledged the weakness in the economy in Australia and...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects