Philippines' BSP keeps interest rate on hold; revises 2016 inflation outlook

Jun 23, 2016 10:29 am UTC| Commentary Central Banks

[Correction: The first paragraph has been edited to include additional information] The Philippines central bank has kept its interest rate on the overnight reverse repurchase (RRP) facility at 3 percent. Last month,...

UK gilts slide as investors presume Bremain in referendum result

Jun 23, 2016 10:05 am UTC| Commentary

The UK gilts continue to trade lower on Thursday as investors were guardedly optimistic about a Remain vote in Britains make-or-break European Union referendum. The yield on the benchmark 10-year gilts rose more than 4...

Eurozone Markit flash manufacturing PMI inches higher in June

Jun 23, 2016 09:47 am UTC| Economy Commentary

Eurozones manufacturing sector bounced surprisingly in June on slight support from the global economy, but the counter political uncertainty in the entire euro area has sparked more of a disappointment, driving down...

Norges Bank keeps key policy rate unchanged; signals rate cut in September

Jun 23, 2016 09:34 am UTC| Commentary Central Banks

As expected, the Norwegian central banks Executive Board today maintained the key policy rate at 0.5 percent. The Norges Banks forecast for the key interest rate, the interest rate path was a bit revised upwardly. The...

German bunds trade flat as UK starts voting on referendum, investors eye results

Jun 23, 2016 09:20 am UTC| Commentary

The German bunds were little changed on Thursday, with traders focusing on Thursdays referendum on whether Britain will remain part of the European Union. It is expected to stay in the middle of a 0.00 to 0.10 percent...

German service sector remains muted in June on weakness in business, output

Jun 23, 2016 09:14 am UTC| Economy Commentary

Services in Germany remained muted in the month of June on prevailing weakness in business and output, as humming factories in the private sector failed to take up pace, but the index remained stable suggesting Europes...

Saudi Arabia’s new oil minister indicates return to balancing act

Jun 23, 2016 09:06 am UTC| Commentary

Saudi Arabias new oil minister Khalid al- Falih, who replace two-decade old veteran Ali al-Naimi speaking to Houston Chronicle during his visit to the United States has indicated that worlds largest oil exporter may once...