Minutes of the US Federal Reserve Bank’s January meeting bumped equities across the globe slightly higher. On Thursday morning, futures on the S&P 500 rose to the highest level since 3 December, while European futures were also wearing green. The Eurostoxx 50 was up 0.25%, the German DAX 0...
The South African rand remains under heavy pressures, as investors are worried. Today’s budget announcement will be closely watched. Among the three major rating agencies, only Moody’s maintains the investment grade rating to government debt...
UK Prime Minister Theresa May is heading back to Brussels for what we see as a way to collect air-miles. There is zero evidence that anything has changed on either side of Brexit: concessions from the EU are highly unlikely...
Since trade talks have resumed at the end of January 2019, it seems that nothing much has advanced. Yet the new round of talks in Washington starting today should provide a clear breakthrough as the March 1 deadline nears, while investors remain highly optimistic on the matter...
After a disappointing end to 2018, Swiss external trade started the year on a solid footing with exports rising 1.1% m/m (nominal, seasonally adjusted) to CHF 18.9 billion, thanks to a bounce back in demand from Asian countries (+9.3% m/m). Imports increased 3.4% to CHF 17.5 billion...
This Wednesday should bring news of the US Federal Reserve’s normalization strategy. The Fed’s January meeting dropped its tightening bias. Yet with interest rates on hold for now, investors will watch balance sheet management...
Following mid-2018 talk between US President Donald Trump and European Commission President Jean-Claude Juncker that avoided duties on EU car imports to the US, the story now resumes...
Ведущий оператор рынка валютной наличности FastMatch, Inc. и его основатель и бывший генеральный директор Дмитрий Галинов сообщили о достижении мирового соглашения по иску, поданному г-ном Галиновым против FastMatch и материнской компании Euronext US...
The rise in inventories continues, and attention is turning to OPEC+ members which have tightened supply, pushing Brent, WTI and Shanghai future up by 4.15%, 3.13% and 2.95%, their highest in 3 months...
December’s retail sales gave a stark reminder that the economy is not rosy anymore. They contracted 1.2% monthly in December versus +0.1% expected, and November’s figures were downwardly revised. This is the largest contraction since September 2009...
Brexit deadlock remains. Will Prime Minister Theresa May maintain political support and win concessions from the EU? We’ll see at the next vote, scheduled for 27 February. We expect GBP/USD to decline further as Brexit fatigue weighs on traders. Currently trading at 1...
Following January’s Bank of Canada’s (BoC) meeting, which decided to maintain its key rate at 1.75% for the second consecutive time, the loonie is holding up against the greenback...
Brexit is going down to the wire. We are hurtling towards 29 March with scant evidence the EU-UK are closer to resolution. Political brinkmanship has damaged GBP (although Euro has not performed well either), with traders selling upticks and buying low volatility...
The Swiss economy remains robust and Swiss companies are optimistic, with order backlogs, stable employment and high capacity utilization. Inflation was quiet in January, with headline consumer prices +0.60% and -0.30% in yearly and monthly terms. Overall prices advanced 0.50% annually (prior: 0...
Three months ahead of general elections, the new Reserve Bank of India (RBI) Governor Das surprised the marketplace with a rate cut of 0.25%, putting the Current Rate at 6.25%. No change had been expected...
50 days before the official divorce of the UK from the EU, it seems that nothing has fundamentally evolved from 2 months ago, when controversies over the initial Withdrawal Agreement forced Prime Minister Theresa May to postpone the vote to January 2019...
Inflation outlook cuts by the Bank of Japan for 2019 don’t seem to bother investors, who are favouring JPY as a safe haven currency, after US President Trump’s State of the Union address that didn’t provide any news on trade talks with China...
After rising as much as 1% yesterday, the Australian dollar tumbled to 0.7125 against the greenback on Wednesday morning after an unexpected dovish switch from the central bank...
