New Zealand bonds close higher as expectations of further rate cut loom

Jun 29, 2016 06:42 am UTC| Commentary

The New Zealand government bonds closed modestly higher Wednesday as investors are expecting a rate cut from the Reserve Bank of New Zealand (RBNZ) in the coming months if things worsen significantly due to ongoing Brexit...

Unemployment in Germany likely to have declined in June

Jun 29, 2016 06:27 am UTC| Commentary Economy

Unemployment in Germany is likely to have dropped in June. According to a Societe Generale research note, unemployment is expected to have fallen by 8,000, with the rate likely to have stayed steady at 6.1 percent....

South Korea retail sales decline in May steeper than expectations

Jun 29, 2016 06:19 am UTC| Commentary

Retail sales in South Korea declined for the month of May, remaining less than what the market had initially expected, backing the policymakers concerns over consumption softening in Asias fourth-largest economy. Sales...

US consumer confidence rebounds in June, but raises concern about job market

Jun 29, 2016 06:04 am UTC| Commentary Economy

The USConference Board Consumer Confidence Index rebounded in June after falling in May. The index for June came in at 98, up from Mays 92.4. Consumers seemed to have been riding high before the Brexit news shook the...

Indonesian bonds rally after Parliament approves tax amnesty bill

Jun 29, 2016 06:04 am UTC| Commentary

The Indonesian government bonds rallied Wednesday after Parliament approved a tax amnesty and revised 2016 state budget. The yield on the benchmark 10-year bonds rose more than 6-1/2 basis points to 7.548 percent, yield on...

Briferendum Series: Corbyn digs his heels in despite losing confidence of 172 MPs

Jun 29, 2016 05:58 am UTC| Commentary

United Kingdoms Labour Party leader Jeremy Corbyn has refused to step down even after he lost a no-confidence vote, where only 40 members of the parliament (MPs) voted in favor and 172 voted against. In addition to that,...

Australia new home sales fall for 2nd straight month amid glut of unsold properties

Jun 29, 2016 05:49 am UTC| Commentary

New home sales in Australia fell for the second straight month in May amid glut of unsold residential properties. The Housing Industry Association (HIA) said its survey of large-volume builders showed new home sales...