China launches 350 billion yuan restructuring fund to support State-Owned Enterprises

Sep 26, 2016 15:40 pm UTC| Commentary Economy Central Banks

PBoC adviser Huang Yiping said over the weekend that Chinas deleveraging has not made any significant progress, which implies that China still relies on credit-fuelled growth model, posing a long-term risk to Chinas...

Russia’s economic growth most likely to see down trend this year, says ACRA

Sep 26, 2016 12:45 pm UTC| Commentary Economy

Economic growth in Russia is expected to decline in 2016 and next year, before returning to growth in 2018 and the years ahead. However, the ongoing recessionary phase is expected to last until early 2017 as activity in a...

FxWirePro: Double whammy for TRY from CBRT and Moody’s, USD/TRY spikes - OTM calls in diagonal credit spreads to fetch exponential yields

Sep 26, 2016 12:17 pm UTC| Central Banks Economy Insights & Views

After CBRTs rate cut in last week, Moodys downgrading has been thedouble whammy for USDTRY, as the pair has been spiking considerably. President Tayyip Erdogan unsettled markets briefly on Friday when he appeared to...

Italy retail sales decline in July, defying market expectations for a flat reading

Sep 26, 2016 12:12 pm UTC| Commentary Economy

Retail sales in Italy declined during the month of July, defying expectations for a flat reading, as shoppers held back spending, not contributing enough to help the countrys stalling economic recovery. Italys retail...

UK mortgage approvals at 20-month low in August, consumer credit rises

Sep 26, 2016 11:30 am UTC| Commentary Economy

Mortgage approvals in the United Kingdom declined to almost 20-month low in August, dropping for the third consecutive month this year, reflecting both the slowdown in housing market growth after the April spike and...

EUR/HUF seen to lose its rallying trend on profit-booking, Fed policy effect subsides

Sep 26, 2016 10:26 am UTC| Commentary Economy

The Hungarian forint is expected to lose its rallying steam against the euro, following profit-booking at the start of the week Monday amid washing off the effect of the Federal Reserves monetary policy decision to keep...

German business sentiment hits 2-year high following corporate optimism despite Brexit

Sep 26, 2016 09:48 am UTC| Commentary Economy

Business sentiments in Germany unexpectedly soared to a two-year high during the month of September, as corporate organizations remain optimistic over the business outlook for the economy, despite a Brexit vote that seemed...