Deutsche Bank fails Fed’s stress test

Jun 30, 2016 06:34 am UTC| Commentary

Deutsche Bank and Santander failed the stress test again. Santander has now failed the stress test thrice, while Deutsche has failed it for twice now. Thirty other banks have passed the stress test, while the Fed has asked...

UK’s consumer confidence faces referendum blues

Jun 30, 2016 06:12 am UTC| Commentary

Consumer confidence in the United Kingdom dropped this week, following the countrys vote to leave the European Union in a referendum held last week, according to a private survey published Thursday that gave a first...

New Zealand bonds end firmer on rising expectations of RBNZ policy cuts

Jun 30, 2016 05:58 am UTC| Commentary

The New Zealand government bonds ended firmer on Thursday as investors increased bets that New Zealands central bank will cut its cash rate in the coming months from an already record-low 2.25 percent. The yield on...

NZ building consents decline in May; rising immigration gobbles limited supply

Jun 30, 2016 05:41 am UTC| Commentary

Residential building permits in New Zealand declined in May, following a shortage of housing supply, created by net immigration that hit record highin Auckland. New Zealands residential building consents declined 0.9...

US real consumption grows in May; but likely to dampen in future

Jun 30, 2016 05:35 am UTC| Commentary Economy

US personal consumption grew 0.4 percent on a month-on-month basis, consistent with expectations. Also, Aprils figure was revised upwards to 1.1 percent of growth from the earlier estimate of 1 percent. Real spending in...

Negative Rates Series

Negative Rates Series: $11.7 trillion government debt trades in negative

Jun 30, 2016 05:34 am UTC| Commentary Central Banks

According to data released by Fitch rating agency on Wednesday, relentless purchases from the investors led to the expansion of negative yielding government bond universe by $1 trillion so far this month and by $1.3...

Czech National Bank likely to keep monetary policy on hold for now

Jun 30, 2016 05:32 am UTC| Commentary Central Banks

The Czech National Banks board is expected to keep its policy unchanged at its meeting on Thursday, noted Societe Generale in a research report. The central bankers are likely to affirm that the forward guidance for the...