ECB unlikely to raise rates this year or next despite Macron’s victory, says Commerzbank
May 08, 2017 06:39 am UTC| Commentary Central Banks Economy
The European Central Bank (ECB) is expected not to raise its benchmark interest rate either this year or next despite the mesmerising victory achieved by Emmanuel Macron at the French election held yesterday. So far,...
New Zealand bonds close mixed ahead of RBNZ’s monetary policy decision
May 08, 2017 06:03 am UTC| Commentary Economy
The New Zealand bonds ended the first trading session of the week on a slightly mixed tone as investors wait to watch the Reserve Bank of New Zealands (RBNZ) monetary policy decision, scheduled to be unveiled on May...
Australian bonds plunge post Macron’s win in French election as riskier assets take lead
May 08, 2017 05:11 am UTC| Commentary Economy
The Australian government bonds plunged on the first trading day of the week as investors moved away from safe-haven assets, following the expected victory of Emmanuel Macron in the French election held over the weekend....
Moody's: China's shadow banking sector impacted by increasingly tight systemic liquidity
May 08, 2017 01:15 am UTC| Research & Analysis Economy
Moodys Investors Service says that liquidity in Chinas financial system is increasingly tightening, as stricter regulatory measures seek to constrain the growth of leverage in the country. At the same time, the...
FxWirePro: The Day Ahead- 8th May 2017
May 07, 2017 22:48 pm UTC| Commentary Economy Central Banks
Not many economic data and events scheduled for today but some with high volatility risks associated. Data released so far: France: Emmanuel Macron beats Le Pen to Presidency. Upcoming: China: Trade...
Does a lower pound boost manufacturing?
May 07, 2017 09:05 am UTC| Insights & Views Economy
The idea that a lower currency boosts manufacturing and a countrys exports is pervasive. So the 15% fall in the pound following the UKs Brexit vote is seen by many to be beneficial for this section of the economy....
The EU's farming policy is hated – but what comes next may be worse
May 06, 2017 02:13 am UTC| Insights & Views Politics Economy
Out of all the EUs policies, the Common Agricultural Policy has consistently received the worst press in the UK. Politicians and papers of both the left and the right have variously attacked it for being too costly, too...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects