The Third Wave of Deflation is Over – Fidelity Dominic Rossi, Global Chief Investment Officer at Fidelity International, suggests that the developed economies have stood up well to the latest wave of deflation emanating from emerging economies that has seen a combined volume and price shock depre...
BOJ’s Kuroda Says Not Conducting Monetary Policy to Underwrite Govt Debt Comments from BOJ Governor Kuroda crossing the wires yet again, as his speech to the upper house financial affairs committee continues...
New Zealand Business Confidence Dips In March Business confidence in New Zealand weakened again in March, the latest survey from ANZ Bank showed Thursday. The business confidence index fell to 3.2 in March from 7.1 in the previous month. At the same time, the activity outlook improved in March...
Asian Markets Trading on a Mix Note, Gold Finds Support Above $1222 Asian markets are trading on a mix note on Thursday after U.S. released ADP job data with flat numbers at 200K vs 195K expected. On the other side, Gold fails to sustain above $1242 and trading around $1226 marks...
Normalization of Interest Rates will not End Fed’s Headaches – Nomura Richard Koo, Chief Economist at Nomura, suggests that as the Fed normalizes interest rates, it will also have to pay even higher interest on the $2.3trn in excess reserves...
Japan Bond Holdings Reduced to Lowest Ssince June '15 – Reuters Poll The latest Reuters poll showed the results of stock and bond holdings by the Japanese fund managers in Feb and March. Key Findings: Japan fund managers raise overall stock holdings in March to 43...
BOJ’s Kuroda: No limits or Obstacles to BOJ's Monetary Policy More comments from BOJ Chief Kuroda hitting the wires, as he continues to speak in parliament today...
Asia Defends Mild Gains, Australian Stocks Outperform The stocks on the Asian bourses are seen posting moderate gains, tracking modest gains on the Wall Street overnight after Fed officials backed Yellen’s dovish tone, while month-end as well as quarter-end repatriation flows also keep the sentim...
China Investment Bank Defaults on ‘Dim Sum Bond' - FT The Financial Times reports thata a unit of Guosen Securities, China's eighth-largest investment bank, has defaulted on a Hong Kong-traded renminbi bond...
Bank of China: PBOC Should Cut RRR by 0.5% in Q2 In its outlook report published earlier today, Bank of China revealed China’s GDP forecasts for Q1 & Q2, while noted that the Chinese central bank should lowering RRR in Q2. Key Quotes: China Q1 GDP growth at about 6.6%, Q2 at about 6...
Japan's Manufacturing Activity Will Likely Contract This Quarter Data released earlier today by Japan's Ministry of Economy, Trade and Industry (METI) showed that Japanese industrial output fell sharply in February, falling by fastest rate since 2011...
U.S. Economy Requires a Hike in June - BBH Analysts at Brown Brothers Harriman explained that the US economy has evolved largely as the Federal Reserve anticipated. Key Quotes: "The slowdown in Q4 2015 was temporary; the underpinnings of the economy remain firm...
WTI Eyes $40.00 on EIA Report The barrel of West Texas Intermediate is advancing further on Wednesday, currently up more than 3% and posting daily highs near $39.80. WTI up post-EIA report Prices for the barrel of American light sweet crude have ticked higher after inventories have increased by 2...
In March, meetings of the G-20, the Chinese National People’s Congress, and multiple think tanks all reflected a growing awareness of the risks to the global economy posed by deflation and intensifying financial instability...
Changes in exchange rates directly affect import prices. Since the beginning of 2014, the U.S. dollar has strengthened by 17 percent against the currencies of its major trading partners while import prices have fallen by 4 percent...
US: Yellen Manages to Up Her Dovishness Even Further - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the Fed Chair Yellen managing to escalate her dovish stance even further with comments yesterday that would make you wonder what it is that Chair Yellen knows that we all don’t...
XAU/USD: Risks for Economic Growth in the USA Yesterday’s speech by the head of the US fed Janet Yellen obviously disappointed market participants, as it indicated that chances of the interest rate increase in the USA in April are low...
Euro Zone Sentiment Sours Despite Being captured Before Brussels Attack Euro Zone sentiment report showed confidence tilted despite additional stimulus from European Central Bank. Moreover the data were collected before recent terror attack on Brussels...
Fed: On the Wings of a Dove - Investec Research Team at Investec, suggests that despite hawkish comments from various Federal Reserve members since the decidedly dovish FOMC statement earlier this month, Fed Chair Janet Yellen stuck to her dovish tone from the central bank meeting in a speech yes...
