Denmark’s FX reserve falls in July to DKK 463.9 billion

Aug 02, 2017 21:39 pm UTC| Commentary Economy

Denmarks foreign exchange reserve dropped in July by DKK 0.05 billion to DKK 463.9 billion in July. The decline reflects Danmarks Nationalbanks (DN) net purchase of foreign exchange and net repayments of the governments...

Venezuela: what Chávez's mentor told me about the country's Castro-inspired road to ruin

Aug 02, 2017 17:27 pm UTC| Insights & Views Economy

Even as citizens took to the streets in their hundreds of thousands to protest and boycott it, Venezuelas president, Nicolás Maduro, declared victory in an election that could allow him to rewrite the countrys...

U.S. Treasuries tad lower ahead of private payrolls, FOMC speeches

Aug 02, 2017 12:04 pm UTC| Commentary Economy

The U.S. Treasuries plunged as investors wait to watch the countrys ADP non-farm employment data for July, due later today, besides the FOMC members Mester and Williams speech, due by 16:00 and 19:30GMT...

Central Banking Series

Slower growth likely to keep BoE on hold despite lower unemployment, says Danske Bank

Aug 02, 2017 11:45 am UTC| Commentary Central Banks Economy

Despite slower growth, the Bank of England (BoE) has turned more hawkish recently, as inflation has moved higher and the unemployment rate lower. Still, we do not expect a BoE rate hike before some time in 2019: GDP growth...

Korean inflation likely to remain stable at around 2 pct in Q3, says DBS Bank

Aug 02, 2017 10:58 am UTC| Commentary Economy

Latest data suggest that the Korean economy has maintained solid growth in Q3. Exports picked up to 19.5 percent y/y in July, compared to 13.6 percent in June and the Q2 average of 16.8 percent. This is the 9th consecutive...

UK gilts slump as investors shrug-off downbeat construction PMI; investors await BoE policy decision

Aug 02, 2017 10:23 am UTC| Commentary Economy

The UK gilts slumped Wednesday after investors largely shrugged off the downbeat lower-than-expected reading of Julys construction PMI. Also, investors are now eyeing the Bank of Englands (BoE) monetary policy decision,...

Eurozone periphery bonds lose ahead of benchmark German 10-year auction

Aug 02, 2017 08:16 am UTC| Commentary Economy

The Eurozone periphery bonds lost Wednesday as investors wait to watch the benchmark Germanys 10-year auction, scheduled to be held later today. Also, the euro areas composite PMI and retail sales for the month of June,...