Fitch: Malta's Budget Surplus Underscores Fiscal Progress
May 04, 2017 10:00 am UTC| Research & Analysis
Maltas 1% of GDP budget surplus for 2016 underscores our view that the public debt/GDP ratio is on a downward trajectory, Fitch Ratings says. We do not believe the early general election called this week is likely to...
May 04, 2017 08:58 am UTC| Research & Analysis Insights & Views
Well anticipated French election outcome on April 24th saw vols fall meaningfully below 1-day forward levels from last weeks close. Even adjusting for the sharp decline baked into forward vols to account for the passage of...
FxWirePro: USD/EM lower, USD/JPY higher, well-priced dual digitals to strike the balance
May 04, 2017 08:28 am UTC| Research & Analysis Insights & Views
We add short EM vol risk on positive developments this week, tactical yen bearishness plays well alongside good-quality carry. So, weve have turned tactically bearish on the yen, expecting USDJPY to edge northwards at 114...
May 04, 2017 06:57 am UTC| Research & Analysis Insights & Views Central Banks
As the U.S. Federal Reserve has maintained status quo at its monetary policy meeting yesterday (funds rate at 1.00%) due to pauses to parse more economic data but may hint it is on track for an increase in June, bullions...
FxWirePro: USD/RUB FX derivatives trades amid CBR FX interventions
May 03, 2017 09:59 am UTC| Central Banks Research & Analysis Insights & Views
USDRUB is advancing above 57 marks as the spot met dip buyers following the improved tone in the greenback plus the persistent weakness in crude oil prices. In fact, RUB sold off as the barrel of Brent crude is testing...
Fitch: Prime Conditions for European Leveraged Credit Borrowers
May 03, 2017 09:45 am UTC| Research & Analysis
Fitch Ratings says that lower spreads, looser covenants and more generous leverage levels indicate that it may never be a better time to be a borrower in the European leveraged credit market, especially before the European...
May 03, 2017 09:26 am UTC| Research & Analysis Insights & Views
The resolution of uncertainty after last weeks referendum opens the door for a relief rally in the short term, but medium term concerns remain; stay MW TRY in the GBI-EM Model Portfolio. The Turkish referendum last weekend...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects