UK gilts rally as investors shrug-off wider-than-expected rise in April retail sales
May 18, 2017 10:04 am UTC| Commentary Economy
The UK gilts rallied Thursday as investors largely shrugged off the wider-than-expected rise in the countrys retail sales for the month of April. The yield on the benchmark 10-year gilts, slumped 3 basis points to 1.10...
German bunds jump ahead of ECB President Draghi’s speech
May 18, 2017 09:05 am UTC| Commentary Economy
The German bunds jumped Thursday as investors look forward to the European Central Bank (ECB) President Mario Draghis speech, scheduled to be held later today. The yield on the benchmark 10-year bond, which moves...
USD/MYR likely to remain supported in near-term at 4.30–4.35 region, says Commerzbank
May 18, 2017 06:56 am UTC| Commentary Economy
The Malaysian ringgit has emerged as the best performing Asia currency on a quarter-to-date basis. It is up by 2.4 percent against the USD, followed by INR (1.2 percent) and PHP (0.9 percent). Sentiment towards the MYR...
JGBs trade lower after reading higher-than-expected Q1 GDP
May 18, 2017 06:24 am UTC| Commentary Economy
The Japanese government bonds trade lower Thursday after reading a higher-than-expected gross domestic product (GDP) for the first quarter of this year. The benchmark 10-year bond yield, which moves inversely to its...
May 18, 2017 05:37 am UTC| Commentary Economy
The Australian bonds jumped Thursday, following a drop in the countrys inflation expectations for the month of May. However, investors have largely shrugged off the fall in the unemployment rate for the month of...
Euro area inflation accelerates further in April on fuel prices
May 17, 2017 22:43 pm UTC| Commentary Economy
Euro area inflation accelerated further in April. The consumer price index rose to 1.9 percent from Marchs 1.5 percent, showed Eurostat. The rate in April 2016 was 0.2 percent. In the European Union, the rate of inflation...
Euro area construction output drops sequentially in March, rises year-on-year
May 17, 2017 22:17 pm UTC| Commentary Economy
The seasonally adjusted production in the euro area construction sector dropped in March on a sequential basis. The construction output fell 1.1 percent, showed the first estimate from Eurostat. On a year-on-year basis,...
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Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects