Strong demand boosts India’s manufacturing PMI to 3-month high
Jul 01, 2016 10:10 am UTC| Commentary
Indias manufacturing activity, measured by the Purchasing Managers Index (PMI) rose to three-month high, boosted by strong consumer demand. However, firms barely raised prices, a private survey showed, leaving the door...
UK 10-year gilt yield falls to new record low after BoE Carney hints at further easing
Jul 01, 2016 09:54 am UTC| Commentary
The UK gilts rallied on Friday after Bank of England Governor Mark Carney stated that the economic outlook has worsened and adds explicitly that some monetary policy stimulus will likely be needed over the summer and a...
Russia’s manufacturing sector returns to growth territory
Jul 01, 2016 09:37 am UTC| Commentary Economy
Russias manufacturing sector has returned to growth territory, based on Junes PMI survey data. The seasonally adjusted Markit Russia PMI Index rose to 51.1 in June from Mays 49.6. The June index came in above the...
German 10-year yield hovers around record low, likely to touch minus 0.17 pct
Jul 01, 2016 09:30 am UTC| Commentary
The German 10-year bund yield traded around the -0.12 percent mark on Friday, first rising in response to Treasuries selling off on Wednesday night, and then coming down along with Gilt yields on the BoE signalling a rate...
Drop in China’s June manufacturing PMI signals at renewed decline in economic momentum
Jul 01, 2016 09:27 am UTC| Commentary Economy
The Chinese economic momentum is declining again after stabilizing for a brief period of time. The Caixin/Markit manufacturing PMI for the month of June surprisingly dropped to 48.6 in from Mays 49.2. The official PMI was...
Indian bonds rally on revival of monsoon, hopes of easing by central banks worldwide
Jul 01, 2016 08:47 am UTC| Commentary
The Indian government bonds strengthened on Friday as a revival in monsoon rains eased concerns that food inflation is set to bounce in a nation that has suffered two consecutive years of drought. Also, investors...
New Zealand 10-year bond yield dips 34 bps in one week on rate cut hopes, Brexit vote
Jul 01, 2016 08:40 am UTC| Commentary
The New Zealand 10-year bond yield dipped more than thirty four basis points in past one week as investors raised bets that the Reserve Bank of New Zealand will lower its cash rate in the coming months from arecord-low...
FxWirePro- Major Economic Events for the day
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