Oil in Global Economy Series: OPEC to reconsider production deal in November amid compliance slip
Aug 23, 2017 12:23 pm UTC| Commentary
OPEC members will seriously reconsider whether to continue with the current production agreement that aims to reduce global supply by 1.76 million barrels per day and was first agreed in November last year and was extended...
U.S. Treasuries jump ahead of Jackson Hole Symposium, FOMC Kaplan’s speech
Aug 23, 2017 12:11 pm UTC| Commentary Economy
The U.S. Treasuries jumped Wednesday as investors wait to watch the Federal Open Market Committee (FOMC) member Kaplans speech, scheduled to be held today by 13:05GMT. Also, markets remain focussed to observe the speeches...
Aug 23, 2017 11:58 am UTC| Commentary
The United States government is facing a serious risk of a shut down this year as Democrats prepare to oppose President budget and tax reforms and would look for concession in these two areas as well as in healthcare in...
UK gilts continue to remain flat ahead of Q2 GDP
Aug 23, 2017 11:16 am UTC| Commentary Economy
The UK gilts traded flat as investors wait to watch the countrys second-quarter gross domestic product, due to be released on August 24 by 08:30GMT. The yield on the benchmark 10-year gilts, hovered around 1.08 percent,...
German bonds slump after manufacturing PMI surges in August; Q2 GDP in focus
Aug 23, 2017 10:04 am UTC| Commentary Economy
The German government bonds slumped Tuesday after the countrys manufacturing PMI surged during the month of August. Also, investors remained focussed to read the countrys second-quarter gross domestic product, scheduled to...
Aug 23, 2017 09:18 am UTC| Commentary Economy
The Australian economy has enjoyed 25-1/2 years of economic growth without a recession. It is an impressive achievement, with Australia having overtaken the Netherlands previous record for the longest stretch of economic...
Global Geo-political Series: Trump takes jab at NAFTA during Phoenix rally
Aug 23, 2017 08:54 am UTC| Commentary
The U.S. President Donald Trump has once again taken a jab at the North American Free Trade Agreement (NAFTA) during a firebrand rally in Phoenix, Arizona. This is for the first time the President has revived the idea of...