Briferendum Aftermath Series

Briferendum Aftermath Series: Door remains open to second Brexit referendum

Jan 19, 2017 09:28 am UTC| Commentary

UK Prime Minister Theresa Mays Brexit speech on Tuesday left the door opened for a second referendum. However, last year she repeatedly said that there wont be a general election until 2020. However, she conceded to the...

German bunds sag ahead of ECB policy decision; mild sell-off seen post Yellen’s hawkish remarks

Jan 19, 2017 09:27 am UTC| Commentary

The German bunds sunk Thursday as investors wait to watch the European Central Bank (ECB) monetary policy meeting scheduled for later in the day. Also, a mild amount of sell-off was observed in the debt market post the...

Bank Negara Malaysia keeps interest rate unchanged, citing strong household demand

Jan 19, 2017 09:15 am UTC| Central Banks Economy Commentary

The Bank Negara Malaysia (BNM) in its first monetary policy meeting of 2017 on Thursday maintained its overnight policy rate (OPR) at 3.00 percent, as it was widely expected. This decision was supported by stronger...

Indian 10-year bond yields hit 4-week high on Fed Chair Yellen’s hawkish remarks

Jan 19, 2017 08:42 am UTC| Commentary

The Indian 10-year government bond yields hit 4-week high Thursday, following hawkish comments delivered by the Federal Reserve Chair Janet Yellen late Wednesday. Also, investors are awaiting the government bond auction...

Reserve Bank of Australia likely to keep monetary policy stance intact in 2017

Jan 19, 2017 08:42 am UTC| Economy Commentary Central Banks

The Reserve Bank of Australia (RBA) is expected to hold its first monetary policy meeting of 2017 on February 7. It is widely expected to maintain its bank rate at a historic low of 1.50 percent amid global market...

U.S. builder confidence falls slightly in January, homes sales likely to improve gradually in 2017

Jan 19, 2017 08:40 am UTC| Commentary

U.S. builder confidence for newly-built single-family homes continued to stay firm in January. The NAHB Housing Market Index dropped 2 points to 67 in January from a downwardly revised December reading of 69. Sentiment...

Renminbi Series

Renminbi Series: Record outflows from China

Jan 19, 2017 08:38 am UTC| Commentary Economy

According to the latest estimates, China faced massive outflows of money from its economy for a second consecutive year, despite a positive foreign direct investment and a large positive current account. In 2015, $744...