U.K. claimant count surprises on the downside in March, wages pick-up

Apr 12, 2017 14:05 pm UTC| Commentary

U.K.s claimant count surprised markets to the downside, the Office for National Statistics noted on Wednesday. The number of people claiming jobless benefits increased sharply by 25.5k in March, against expectations of a...

Singapore's retail sales miss expectations, unexpectedly fall 2.5 pct y/y in February

Apr 12, 2017 13:36 pm UTC| Commentary

Singapores retail sales missed forecasts for a rise and fell unexpectedly in February, data released by the Department of Statistics revealed Thursday. Singapores retail sales fell 2.5 percent y/y in February, reversing a...

Central Banking Series

Fed likely to commence reducing its balance sheet later this year or in early 2018, says ANZ

Apr 12, 2017 12:53 pm UTC| Economy Commentary Central Banks

The Fed looks set to commence reducing its balance sheet later this year or in early 2018, reported ANZ in its research note. The Fed to phase out its reinvestments because ceasing immediately would provide too abrupt a...

U.S. Treasuries gain ahead of FOMC member Kaplan’s speech

Apr 12, 2017 12:34 pm UTC| Commentary Economy

The U.S. Treasuries gained Wednesday ahead of the Federal Open Market Committee (FOMC) member Robert Kaplans scheduled speech later in the day. The yield on the benchmark 10-year Treasury remained slumped nearly 2 basis...

Central Banking Series

Bank of Canada monetary policy preview

Apr 12, 2017 11:42 am UTC| Commentary Economy Central Banks

Today Bank of Canada (BoC) is to provide further guidance in policy meet. The result of the monetary policy meeting is scheduled to be announced at 14:00 GMT, followed by a press conference with the governor at 15:15...

API reports deficit while the market awaits EIA report

Apr 12, 2017 11:32 am UTC| Commentary

As the WTI recovers from the slump of $47 per barrel, it has found support in the recent rise in geopolitical tensions in the Middle East. Last Week, the US President Donald Trump launched missile strikes on Syria in...

UK gilts continue to fall post February unemployment rate, BoE Governor Carney’s speech

Apr 12, 2017 11:13 am UTC| Commentary Economy

The UK gilts continued to fall Wednesday after reading the countrys unemployment report, for the month of February. The yield on the benchmark 10-year gilts, which moves inversely to its price, rose 1 basis point to...