ECB President Draghi’s speech in focus as EZ PMI shows slowdown in momentum

Sep 23, 2015 10:48 am UTC| Insights & Views Central Banks

European Central Bank (ECB) President Mario Draghi is scheduled to speak in Brussels before Committee on Economic and Monetary affairs (ECON) of European parliament at 13:00 GMT or 15:00 CET. Market will be focusing on...

RBI inflationary expectations should soften in September

Sep 22, 2015 21:15 pm UTC| Commentary Central Banks

Apart from the monsoon and Fed hike risks, most of the domestic pre-conditions laid out at the August review have been fulfilled. Commodity prices (INR terms) have eased further, with the CRB index (Thomson Reuters/ Core...

Receding risks of US rate hikes and catch-up in rains open the window for further RBI rate cuts

Sep 22, 2015 20:46 pm UTC| Commentary Central Banks

The Fed extended its on-hold stance in September, signalling the need for more data to justify rate normalization. Risks to global growth, primarily out of China, and heightened market volatility also received a mention....

Markets still on edge after Fed decision

Sep 22, 2015 20:16 pm UTC| Commentary Central Banks

Second quarter earnings growth varied widely by sector. Healthcare earnings grew 15.3% year over year while energy companies earnings were down a whopping 55.5%. With such a wide dispersion in company performance,...

A truncated Fed due to US growth concerns could be traumatic

Sep 22, 2015 17:53 pm UTC| Commentary Central Banks

If the Feds upcoming tightening cycle were to be abridged because US growth tipped lower, unable to cope with the strain of even a modest sequence of interest rate hikes it would, at best, be problematic and, at worst,...

Despite the hawkish Fed, USD weakness ahead

Sep 22, 2015 17:27 pm UTC| Commentary Central Banks

We are witnessing the dying embers of a USD rally that once burned so bright, and we may be on the cusp of a weakening USD trend. The baseline view is that once the hawkish consensus falters the USD will weaken. The...

CNB's risk of later exit from FX regime increases

Sep 22, 2015 12:50 pm UTC| Commentary Central Banks

The central bank of Czech Republic is currently satisfied with its monetary policy. Therefore, no change is expected on moetary policy at the upcoming meeting of the banks board. The key interest rate remains at technical...