US economy likely to slow, Fed seen keeping rates on hold in 2016 following Brexit

Jun 24, 2016 09:27 am UTC| Commentary Economy Central Banks

US Fed Chair Janet Yellen had mentioned during the June FOMC meeting that the UK exiting from EU might have consequences for the outlook of the U.S. economy and financial market developments. Earlier, the U.S. economy had...

Danish wage growth likely to accelerate slightly; consumer prices to remain stable

Jun 24, 2016 09:25 am UTC| Commentary Economy

Danish consumer prices had increased a mere 0.1 percent year-on-year in May. A sharp decline in clothing prices was quite a surprise. Womens clothes prices, for instance, dropped 7.3 percent year-on-year. It alone lowered...

German business confidence improves despite Britain’s exit from the EU

Jun 24, 2016 09:15 am UTC| Commentary Economy

Business sentiment in Germany improved Friday, despite decision by the United Kingdom to leave membership of the European Union. It seems that companies have shrugged off the risk of Britons voting to leave the European...

Brexit decision may drive technical recession in euro area in H2 2016

Jun 24, 2016 09:02 am UTC| Commentary Economy Central Banks

With UK voting to leave the EU, the euro area is likely to experience a technical recession due to higher uncertainty and declining investment. The euro area is now likely to grow 1.2 percent in 2016 and 0.7 percent the...

Stability seen in Norwegian labor market

Jun 24, 2016 08:27 am UTC| Commentary Economy

The Norwegian labor market has weakened due to the downturn in the oil sector; however, a flexible labor market in other sectors growth is absorbing some of the shock. Rise in unemployment is slower in 2016 than last year,...

FX Hedging Strategy Series

FxWirePro: When all eyes on Brexit, umpteen reasons to hedge dollar’s bullish risks in H2

Jun 24, 2016 07:12 am UTC| Insights & Views Economy

On the result day of Brexit referendum, the globalmarkets buckled up as Britains vote on European Union membership infected almost all asset class. But on along run, a sharp fall in real bond yields and a bounce in oil...

Uncertainties likely to prevail for some time post Brexit decision

Jun 24, 2016 07:04 am UTC| Commentary Economy

The UK has voted to exit the EU. As expected, the UK was quite divided in the decision. Northern Ireland, London, Scotland and Wales were predominantly voting for staying in the EU. Excluding London, England was mainly...