Austria’s bank troubles will have euro-zone repercussions

Apr 22, 2015 18:33 pm UTC| Commentary

Heta Asset Resolution is a "bad bank" created to wind down the assets of the nationalised Hypo Alpe-Adria Bank International (HAA). But it was thrown into disarray last month after an audit pointed to an impairment of...

Upbeat job market will continue to support U.S. housing recovery

Apr 22, 2015 18:17 pm UTC| Commentary

After a winter in the doldrums, the housing market is showing signs of life. Sales of existing homes surged 6.1 percent to a 5.19 million annual rate in March, the quickest pace in 18 months. "Credit is still tight, but...

US oil production continues to fall

Apr 22, 2015 17:49 pm UTC| Commentary

EIAs weekly US Petroleum Report, released earlier today, shows that stocks of oil rose again last week. However, the amount of crude oil in commercial storage tanks increased by a modest 5.3 million barrels to 489.0...

U.S. homebuyers are coming out of hibernation

Apr 22, 2015 17:36 pm UTC| Commentary

U.S. existing home sales doubled expectations in March, jumping 6.1% to 5.19 mln units annualized, the largest % increase since December 2010 and the highest since September 2013 (or 1½ years). The increase (for...

SNB adds pressure on the CHF

Apr 22, 2015 17:13 pm UTC| Commentary

The SNB reduced the group of sight deposit account holders that are exempt from negative interest rates in an attempt to increase to effectiveness of the negative interest rate policy as a meaningful disincentive to hold...

CAD review

Apr 22, 2015 16:33 pm UTC| Commentary

An indecisive greenback helped the loonie eke out a gain though it remained largely little changed on the week.The loonie has consolidated its big gain from last week that stemmed from a less dovish sounding Bank of Canada...

AUD review

Apr 22, 2015 16:30 pm UTC| Commentary

Like the U.K. pound, the Aussie dollar was another session star after an unexpected uptick in core inflation suggested a slightly lower risk of an imminent interest rate cut by the nations central bank.The main headline...