Central Banking Series

ECB’s deviations from capital key quite large; further deviation likely if QE continues

Aug 08, 2017 12:15 pm UTC| Commentary Central Banks

When the European Central Bank (ECB), the latecomer in the Quantitative Easing (QE) program announced its Public Sector Purchase Program (PSPP) in 2015, it was said that the program would follow the central banks capital...

Global Geopolitics Series

Global Geo-political Series: Japan officially upgrades North Korea threat levels

Aug 08, 2017 11:08 am UTC| Commentary

Japan, in its annual defense white paper, has upgraded its official warning status on North Korea by saying that the threat has entered a new stage. Japan reassessed the threat level from Pyongyang after two nuclear tests...

USD/ZAR likely to remain volatile on persisting high political uncertainty, says Commerzbank

Aug 08, 2017 10:52 am UTC| Commentary Economy

Yesterday afternoon the spokesperson of the South African parliament announced that today parliament would vote on the oppositions motion of no confidence against President Zuma, for the first time in a secret ballot. As a...

Oil in Global Economy Series

Oil in Global Economy Series: Saudi Arabia to reduce crude allocations by more than half a million barrel in September

Aug 08, 2017 10:44 am UTC| Commentary

Saudi Arabia is set to reduce oil supplies to its customers by more than half a million barrels per day in September, according to industry sources familiar with the matter. After promising to cut production by 486,000...

Oil in Global Economy Series: Nigerian oil and condensate production set to cross 2 million barrels per day in July

Aug 08, 2017 10:23 am UTC| Commentary

The OPEC monthly oil market report for July is yet to be published but unofficial data from Nigeria suggests that the crude oil and condensate production has crossed 2 million barrels per day threshold and reached as high...

German bunds flat despite wider-than-expected trade surplus; investors eye 5-year auction

Aug 08, 2017 09:16 am UTC| Commentary Economy

The German bonds remained flat in European session Tuesday despite the countrys surplus growing wider than market anticipations. Also, investors are closely eyeing the 5-year auction, scheduled to be held on August 9 by...

Malaysia industrial production likely to moderate 3.3 pct y/y in June, says DBS Bank

Aug 08, 2017 08:21 am UTC| Commentary Economy

Malaysias industrial output growth for June is likely to moderate, with the index expected to register an expansion of 3.3 percent y/y, down from 4.7 percent y/y in the previous month, partially due to the high base last...