Fed’s Williams signals rate hike in 2016, dismisses further Brexit risk

Jul 06, 2016 09:08 am UTC| Commentary Economy Central Banks

The Federal Reserve Bank of San Francisco President John Williams, during a telephonic interview, signaled a rate hike this year, dismissing any further risks that might emanatefrom Britains likely exit from the European...

Briferendum Aftermath Series

Briferendum Aftermath Series: Pound gets pounded as post-referendum cracks surface

Jul 06, 2016 08:57 am UTC| Commentary Economy

The British pound sterling curved a new 31 year low against the dollar today during the Asian trading hours as the pound dropped to 1.278, a low not seen since 1985. Investors are increasingly becoming nervous as...

BoE trims banks’ capital requirements as Brexit risk weighs deeper

Jul 06, 2016 07:52 am UTC| Central Banks Economy Commentary Insights & Views

The Bank of England has trimmed the capital requirements of commercial banks in its bi-annual Financial Stability report (FSR) published on Tuesday, in an attempt to waive off mounting Brexitrisks, post the June 23 UK...

German factory orders remain flat in May as demand declines

Jul 06, 2016 07:30 am UTC| Commentary Economy

German factory orders in May failed to strike a ray of hope as rising global uncertainty deterred demand for goods. Orders, adjusted for seasonal swings and inflation, were unchanged from April, when they fell a revised...

French industrial production likely to have declined in May

Jul 06, 2016 07:28 am UTC| Commentary Economy

Frances industrial output is likely to have declined in May after recovering in April. Given the industrial action in May, some of Aprils improvement is expected to have reversed. According to a Societe Generale research...

Germany’s manufacturing production likely drove industrial output in May; exports to have grown 0.5 pct

Jul 06, 2016 06:30 am UTC| Commentary Economy

Germanys industrial production is expected to have remained muted in the second quarter, following a strongbeginning to 2016. In a Societe Generales research report, industrial production in the country is likely to have...

Hong Kong PMI falls for 16th straight month in June

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

Hong Kongs Purchasing Managers Index (PMI) fell for the 16th straight month in a row during the month of June that indicated a sharp deterioration in the countrys private sector economy, following the Brexit reality that...