US Treasuries gain as investors seek refuge in safe-haven assets amid troubled markets

Jul 13, 2016 12:50 pm UTC| Commentary

The US Treasuries surged across the curve on Wednesday as investors continue to seek sovereign debt as a shelter on the back of hushed stocks and tumbling crude oil prices. Also, investors await 30-year note auction,...

API reports surplus, while WTI awaits EIA report: call updated

Jul 13, 2016 12:44 pm UTC| Commentary

Though it has been gaining some ground WTI has been hit pretty hard this week. $50 per barrel is posing as major resistance since the UK referendum. Key factors at play in Crude market According to latest IEA...

BoE likely to ease monetary policy by expanding QE program; expected to lower bank rate in August

Jul 13, 2016 12:43 pm UTC| Commentary Central Banks

At the end of June, BoEs (Bank of England)Governor Mark Carney had stated at the end of June that monetary policy easing will likely be required over the summer. There is sufficient evident that the central bank will ease...

BOC monetary policy preview

Jul 13, 2016 12:30 pm UTC| Commentary Central Banks

Today Bank of Canada (BOC) is to provide further guidance in policy meet. The result to be announced at 14:00 GMT. Current policy measures BOC is maintaining overnight deposit rate at 0.5 percentage The core...

Brazil’s retail sales fall surprisingly in May; private consumption likely to contract again in Q2

Jul 13, 2016 11:57 am UTC| Commentary Economy

Brazils retail sales dropped surprisingly in May by 1 percent on month-on-month terms. It was worse than consensus expectations of a drop of 0.4 percent month-on-month. The revised print of April was a rise of 0.3 percent....

Decline in China's exports, imports in June steeper than expectations

Jul 13, 2016 11:49 am UTC| Commentary

China witnessed a decline in its exports which fell more than expected while imports also saw a steeper fall than forecast, in a sign that the mainlands factory orders continued to slow. Also, global demand remained...

Comments by Fed's Mester set prelude to heated debate at FOMC

Jul 13, 2016 11:47 am UTC| Commentary Central Banks

Comments from several hawkish FOMC policymakers are suggesting that pre-referendum unity at the monetary policy committee is coming to an end. President of Federal Reserve Bank of Cleveland, Loretta Mester speaking on...