Malaysia to grow by 4.4 pct in 2016, 4.5 pct in 2017, says World Bank

Sep 28, 2016 10:11 am UTC| Commentary Economy

The Malaysian economy is likely to grow by 4.4 percent in 2016, ticking higher in the year ahead, by 4.5 percent, reports from the World Bank prediction showed recently. The outlook reflects a gradual deceleration in...

UK gilts steady in subdued trade, BoE's Shafik dovish remarks show no reaction

Sep 28, 2016 09:56 am UTC| Commentary

The UK gilts traded nearly flat Wednesday, succumbing to thin trading activity during a relatively quiet session that witnessed data of little significance. Also, investors did not react to the dovish remarks from Bank of...

FxWirePro: Buy Swiss franc with 2:7 risk reward ratio

Sep 28, 2016 09:51 am UTC| Commentary Economy Central Banks

We expect the Swiss franc to be an outperformer among the group of majors, even if the U.S. Federal Reserve moves with a hike in rates. Swiss franc, thanks to the intervention of the Swiss National Bank (SNB) remains quite...

Swedish consumers upbeat about economy, confidence indicator rises to 100.4 in September

Sep 28, 2016 09:44 am UTC| Commentary

Swedens consumers are quite upbeat about the Swedish economy. The confidence indicator rose quite significantly in September. It rose 5.8 points to 100.4 from 94.6 in August. However, the indicator still shows that the...

S&P lends positive outlook to Indonesia, re-affirms Indonesia’s sovereign credit rating

Sep 28, 2016 09:31 am UTC| Commentary Economy

The Standard Poors, a credit-rating agency has affirmed the credit rating outlook for Indonesia at BB+, while lending a positive outlook to the country. However, the rating authority still left the economy one notch below...

German jobless rate likely remained stable in September, inflation expected to have edged up

Sep 28, 2016 09:07 am UTC| Commentary

Germanys unemployment is expected to have fallen marginally in September. According to a Societe Generale research report, unemployment is likely to have dropped by 2000 keeping the jobless rate stable at 6.1 percent....

SEK records the weakest performance this year despite recovery in economic growth

Sep 28, 2016 08:49 am UTC| Commentary Economy

The Swedish Krona recorded the weakest performance among the G10 currencies this year despite a comparatively high rate of economic growth. Moreover, inflation has been rising since the end of 2015 although it still...