German inflation picks up in June, could buttress ECB's “wait-and-see” approach for further stimulus
Jul 12, 2016 13:32 pm UTC| Commentary
Data released by German federal statistics office, Destatis, showed earlier on Tuesday that inflation in Germany accelerated fractionally in June, buoyed by rising food prices and shallower declines in energy prices. There...
Canadian bonds slump on rallying crude oil prices, focus on BOC policy decision
Jul 12, 2016 13:15 pm UTC| Commentary
The Canadian government bonds slumped on Tuesday following rally in the crude oil prices. Also, investors await the Bank of Canada (BoC) monetary policy decision, which is scheduled to be held on July 13. The yield on...
Energy prices expected to normalize by 2017, oversupply likely to reduce
Jul 12, 2016 13:00 pm UTC| Commentary
The International Energy Agency has slashed estimates of oversupply of oil in the coming months, while maintaining consensus that the oil market is likely to rebalance in 2017, given that demand for the energy commodity...
RBA prefers weak AUD; additional rate cut possible if currency continues to strengthen
Jul 12, 2016 12:52 pm UTC| Commentary Economy
The Australian central bank, Reserve Bank of Australia, had reacted immediately in May by lowering its key rate by 25 basis points to 1.75 percent, as expected widely. The cut in rates was also a response to the noticeable...
US Treasuries plunge on rising global risk appetite
Jul 12, 2016 12:52 pm UTC| Commentary
The US Treasuries saw selling across the curve during a relatively quiet US session light on data. From a data standpoint, little new information was seen aside from the Feds Labor Market Conditions Index that showed...
US small business confidence continues to rise in June, slightly above
Jul 12, 2016 12:46 pm UTC| Commentary
The United States small business confidence continued to improve in June for the third straight month as sales trends improved, though growing difficulties in finding qualified workers and trepidation over the economy and...
UK construction output likely to have dropped in May
Jul 12, 2016 12:44 pm UTC| Commentary Economy
Construction output in the UK is expected to have dropped in May. The construction PMI had hinted quite strongly that the nations construction sector has curbed output considerably and persistently from the turn of the...
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