Bank of England keeps interest rate on hold at 0.75 pct
Jan 30, 2020 13:50 pm UTC| Commentary Central Banks
The Bank of England kept the Bank Rate on hold today at 0.75 percent, while two MPC members voted in favour of a rate cut. The rate guidance suggests downside risk to the Bank rate short term, noted DNB Markets in a...
Norwegian retail sales fall in December, consumer demand likely to be softer in 2020
Jan 30, 2020 12:35 pm UTC| Commentary
Norwegian retail sales dropped 0.2 percent in December, adjusted for normal seasonal variations. Consensus expectations was for a fall of 0.6 percent. On a year-on-year basis, retail sales dropped 0.6 percent, where as it...
U.S. Treasuries gain ahead of Q4 GDP, weekly initial jobless claims
Jan 30, 2020 11:47 am UTC| Commentary Economy
The U.S. Treasuries gained during Thursdays afternoon session ahead of the countrys gross domestic product (GDP) for the fourth quarter of this year, due to be delivered today by 13:30GMT, in addition to the weekly initial...
German bunds surge on cheerful January unemployment change; eurozone CPI in focus
Jan 30, 2020 10:53 am UTC| Commentary Economy
The German bunds surged during European trading session Thursday after the countrys unemployment change for the month of January made investors cheerful ahead of the eurozones consumer price inflation (CPI) for the similar...
Novel coronavirus likely to drag China’s Q1 GDP lower to 5 pct, says ANZ Research
Jan 30, 2020 09:04 am UTC| Commentary Economy
Chinas novel coronavirus is expected to drag the countrys gross domestic product (GDP) for the first quarter of this year lower to 5 percent, according to the latest report from ANZ Research. The novel coronavirus...
Jan 30, 2020 06:46 am UTC| Commentary Economy
The Federal Reserves dovish stance is expected to prop up EM Asian currencies when the 2019-nCoV outbreak shows signs of stabilization in the next one to two weeks, according to the latest research report from...
Venezuela's Petro Hindered In Controversial Payment Policy And Economic Sanctions
Jan 30, 2020 06:44 am UTC| Research & Analysis Digital Currency Commentary
Crude oil has been the Venezuelas largest exporting commodity and one of the nations economic lifelines. Nevertheless, since the Venezuelan government imposed that port fees have to be borne in the countrys debatable and...