ECB likely to closely monitor Brexit developments, seek to stabilize markets

Jun 28, 2016 06:10 am UTC| Commentary Central Banks

The European Central Bank is expected to closely monitor the developments that are rising and are deemed to take place post the Brexit win in the June 23 UK referendum. Soon after the UKs unexpected decision in favor of...

Czech Republic’s economic confidence deteriorates again moderately

Jun 28, 2016 06:06 am UTC| Commentary Economy

The economic sentiment in the Czech Republic has again deteriorated moderately following a slight rebound. However, the economic mood in the country continues to be at a similarly high level as 2015. Thus, the acute sense...

Briferendum Series: Exit is not yet written

Jun 28, 2016 06:06 am UTC| Commentary

Please dont shout Brexit. At least not yet. It is not we, who asks you to do that but history urges so. Historically speaking, this is not the first referendum that has shocked the European Union. A few months back, in...

JGBs yield dips below 0.1 pct first time, long-dated yields likely to sink below zero

Jun 28, 2016 06:02 am UTC| Commentary

The Japanese government bonds gained on Tuesday, following global debt prices as investors remain uncertain after UKs decision to leave the European Union threatened to slow growth and keep the Federal Reserve from raising...

U.S. services sector growth continues to be weak in June

Jun 28, 2016 05:39 am UTC| Commentary Economy

The U.S. services sector has remained subdued again in June given the data for the month. The activity growth continues to be marginal, while job growth has eased to its one-and-a-half year low. The seasonally adjusted...

South Korea cuts 2016 GDP growth forecast, plans to inject fiscal stimulus

Jun 28, 2016 05:39 am UTC| Commentary Economy

The South Korean government has slashed its gross domestic product forecast for this year and said it would prepare fiscal stimulus to support the lackluster economy. The announcement was made by the countrys Finance...

Australian bonds rally after S&P lowers UK’s sovereign credit rating, US GDP in focus

Jun 28, 2016 05:12 am UTC| Commentary

The Australian government bonds rallied Tuesday after SP announced that it has cut the UKs sovereign credit rating to AA, from previous AAA. The yield on the benchmark 10-year Treasury note, which moves inversely to its...