Russian Ruble recovers due to rise in oil price

Aug 28, 2015 07:17 am UTC| Commentary

RUB was able to recover very notably due to strong rise in the oil price. The central banks (CBR) decision not to support the FX market for the time being has turned out to be correct for the time being. The FX reserves...

Is US rate hike still on the table?

Aug 28, 2015 07:08 am UTC| Commentary

Yesterdays positive US GDP data matches the positive sentiment on the markets. The data illustrated once again that first estimates from the US are not very resilient. A rather small rise in Q2 of annualised 2.3% turned...

Rising disinflationary pressure should lead to cautious ECB

Aug 28, 2015 07:06 am UTC| Commentary

In Euribor futures, the strip has bear steepened over the past few days, as it has probably been affected by the sell-off in the EGB market, with the Schatze cheapening 3bp and the 10y Bund yield rising 15bp since the end...

Euro reference rates to remain low and stable

Aug 28, 2015 07:00 am UTC| Commentary

With the curves already pricing Eonia rates close to the depo facility on expectations of a further increase in the surplus, the room for reducing Eonia and Euribor fixings further is limited absent a new policy rates...

India GDP growth to be lower in Q1 FY16 than previous quarter

Aug 28, 2015 06:58 am UTC| Commentary

Lower oil prices apart, weak demand has meant consistently low inflation for Indian manufactured products as manufacturers do not have adequate pricing power. This is also reflected in persistently weak IIP data. Even the...

3M Euribor fixing likely to decline to -7bp

Aug 28, 2015 06:57 am UTC| Commentary

Euribor fixings have continued to decline, more pronounced at the short tenors, with the 1m dropping 0.8bp over the past week to -9.9bp, while 12m Euribor posted a marginal increase (+0.1bp to 16bp).Since Euribor panel...

Eonia starts to creep down on increase in Eonia volumes

Aug 28, 2015 06:48 am UTC| Commentary

Over the past few days, Eonia (Euro OverNight Index Average) fixing has crept down (in the 12.6-13.5bp range) in a context of increasing Eonia volumes. This supports the view that the main reason behind Eonia fixing...