More QE from ECB could postpone Danish rate hike
Sep 30, 2015 07:39 am UTC| Commentary
Currently, a 10 bp increase in short-dated Danish money market rates is priced in within the next 2-3 months. Whether that is too aggressive to a large extent depends on the ECB and a possible enlargement of the ongoing QE...
Sep 30, 2015 07:35 am UTC| Commentary
Sweden krona is likely to remain crucial for the Swedish inflation outlook. Hence the Riksbank will continue to prevent any undue SEK strength. The SEK has at most been 3.5% stronger than the Riksbank has expected this...
Germany Finance ministry to allocate Fy-15 surplus to refugee crisis
Sep 30, 2015 07:25 am UTC| Commentary
Siemens announced an ambitious programme for integrating some of the refugees arriving in Germany. This includes expanding its internship programme, setting up special classes for giving career advice as well as asking for...
Financial shocks to UK could be triggered by climate change?
Sep 30, 2015 07:21 am UTC| Commentary
BoE Governor Carney has urged the UKs biggest insurance companies and investors to help counteract the financial shocks that could be triggered by climate change, saying "once climate change becomes a defining issue for...
Euro area inflation likely to fall into negative territory in September
Sep 30, 2015 07:12 am UTC| Commentary
Preliminary consumer prices for Germany came in even weaker than expected. The HICP inflation rate of German fell to -0.2% in September, from +0.1% previously, weaker than consensus (0.0%) projections."Euro area "flash"...
PBoC interventions reduces CNH liquidity
Sep 30, 2015 07:10 am UTC| Commentary
The strong selling USD flows from Chinese banks in CNH market sent USD/CNH to as low as 6.3330 yesterday afternoon. USD/CNH is traded 180 pips lower than USD/CNY and CNY/CNH spread inverted for the second straight...
Will Fed provide further clues?
Sep 30, 2015 07:06 am UTC| Commentary
In the US attention will today focus less on the two PMIs from Milwaukee and Chicago and more on the speeches by FOMC members. Things will be kicked off as early as 8:30 am local time by William Dudley in New York.In the...