Bank Indonesia keeps reference rate on hold at 6.75 pct, but likely to lower again in 2016

Apr 21, 2016 11:31 am UTC| Commentary

Indonesian central bank kept the reference rate on hold at 6.75% today, on par with expectations, after lowering the rate three straight times in Q1 by 75bps. Bank Indonesia had kept the rates on hold for most part of last...

German economy likely grew around 0.7% q/q in Q1 2016, but to weaken in Q2

Apr 21, 2016 10:52 am UTC| Commentary

German economy has likely fared well and above expectations in the first quarter of this year, based on the data released in recent weeks. The nations trade continue to face headwinds, while the heightened uncertainty and...

Russian bonds rally on strong oil prices, CBR easing expectations

Apr 21, 2016 10:47 am UTC| Commentary

The Russian bonds jumped on Thursday, as the ruble was bolstered by a rebound in crude oil prices, pushing the yield on 10-year bonds down 8 bps. The benchmark 10-year bonds yield, which is inversely proportional to the...

Lower inventories, solid home sales to drive China’s construction sector recovery

Apr 21, 2016 10:22 am UTC| Commentary

There are growing signals of the rebound in Chinas economy, particularly being supported by the construction sector. Now, there are growing indications that the recovery in Chinese economy is being spilled over to emerging...

“Where-about and How-about” of EUR/USD ahead Draghi’s monetary policy decision

Apr 21, 2016 10:05 am UTC| Insights & Views Commentary

The ECB shortly announces their interest rate decision and it is expected to leave unchanged, having announced further stimulus measures only last month. Focus will be on the press conference with President Draghi and...

U.K Gilts plunge on rallying crude, despite weak retail sales

Apr 21, 2016 10:05 am UTC| Commentary

The British 10-year bond yield jumped on Thursday as crude oil prices recovered after Energy Information Administrations (EIA) showed that crude stock rose lower than the market expectation, has helped shore up concerns...

UK March retail sales below expectations

Apr 21, 2016 09:53 am UTC| Commentary

UKs retail sales data was published today, showing that sales volume fell last month by 1.3% month-on-month, as compared with consensus forecast of a fall of 0.1%. Retail sales had declined 0.5% in February. In the first...