UK gilts plunge as FTSE 100 hits two months high

Jun 30, 2016 10:53 am UTC| Commentary

The UK gilts plunged on Thursday as the FTSE 100 has surged to highest level since April 21 today as investors hope Mark Carneys speech will calm Brexit fears. The Bank of England Governor Mark Carney will speak on...

UK Q1 GDP growth unrevised at 0.4 pct

Jun 30, 2016 10:26 am UTC| Commentary Economy

The Office for National Statistics released the third estimate of the UKs first quarter GDP that shows the economy expanded 0.4 percent q/q, unrevised from its previous estimate. This is consistent with consensus...

Eurozone bonds trade lower as equities stay firm

Jun 30, 2016 10:19 am UTC| Commentary

The Eurozone government bonds slumped on Thursday as major stocks retained most of the previous sessions big gains. The benchmark German 10-year bonds yield, which moves inversely to its price rose 3 basis points to -0.098...

Chart of the Day Series

Chart of the Day: Yo-Yo Yuan

Jun 30, 2016 09:43 am UTC| Commentary

Fragility in the Yuan exchange rate has been quite a visible one post-British referendum. Yuan has weakened to 6.66 per Dollar but a rumor today morning that Peoples Bank of China (PBoC) will tolerate greater weakness in...

German unemployment continues to decline, shrugs off Brexit risk

Jun 30, 2016 09:40 am UTC| Commentary

Unemployment in Germany continued to decline in June, indicating a robust economic growth of the nation, just before Britons surprisingly voted to leave membership of the European Union. The number of people out of work...

French economy likely to slow in 2017-2018; uncertainty to affect hiring decisions

Jun 30, 2016 09:35 am UTC| Commentary Economy

Since 2013, the French economy has underperformed the euro area. This year represents an end to the underperformance. It will be the first time that the jobless rate has declined since 2010. But the French economy would...

Turkish lira likely to see positive developments as Russia considers lifting sanctions against Turkey

Jun 30, 2016 09:32 am UTC| Commentary Economy

The Turkish lira is likely to witness positive developments as Russian President Vladimir Putin is planning to lift sanctions against Turkey in a few days. He assured that the Russian government will liftthe ban on tourism...