ECB’s another rate cut likely in March
Dec 04, 2015 10:00 am UTC| Commentary Central Banks
The ECB declared a deposit rate cut of 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for further 6 month and decided to reinvest the principal payments on the...
Russia's CBR to cut rates again to support the tumbling economy?
Dec 04, 2015 09:28 am UTC| Commentary Central Banks
Ruble came under increased pressure again over last week. USD-RUB, being at 68, previous highs of 2015 as in January, February and August are not far away, which is more than inconvenient for the central bank. CBR would...
Post ECB: All currencies bow to Euro
Dec 04, 2015 06:45 am UTC| Commentary
European Central Bank (ECB), unsettled markets all around globe, as it clearly under delivered, while promising to over deliver in prior communications. This is the first time, ECB has under delivered on promises, so...
ECB may hold current policy rates in near future
Dec 04, 2015 06:28 am UTC| Commentary Central Banks
The ECB declared a deposit rate cut of 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for further 6 month and decided to reinvest the principal payments on the...
ECB’s policy easing underwhelms
Dec 04, 2015 02:54 am UTC| Commentary Central Banks
Reaction in the overnight European markets would have you believe that the European Central Bank (ECB) did not act on policy. Equity markets ended in red, bond yields inched up and the euro was back above 1.08/dollar after...
Draghi sure took some pressure off the Fed, didn’t he?
Dec 04, 2015 02:47 am UTC| Commentary Central Banks
Draghi sure took some pressure off the Fed, didnt he? No big change to QE after all and the euro surges to $1.094 from $1.055 - a 3.8% strengthening that makes the RMB move back in August look like kid stuff, even if it...
Barring a negative economic shock, the Fed seems ready for its first hike since 2006 in December
Dec 04, 2015 00:37 am UTC| Commentary
US nonfarm payrolls increased by 271k in October, the largest rise since December 2014, with cumulative upward revisions for August and September of 12k. Civilian household employment gained 320k, while the civilian labor...
UK Inflation Stabilizes: November CPI at 2.6%, Signaling Economic Recovery
FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update