German Inflation Likely to Snap Out of Negative Territory - TDS Research Team at TDS, notes that the regional German CPI data point to a positive print for the HICP release. Key Quotes “We had gone into the day flagging upside risks to the consensus of 0...
Economic Sentiment Tumbles for Eurozone - ING Bert Colijn, Research Analyst at ING, notes that the economic sentiment indicator for the Eurozone decreased by 0.9 points to 103 in March...
ECB's Weidmann Warns Against Brexit In an interview to Germany's Funke Mediengruppe, published via Reuters on Wednesday, ECB policymaker and Bundesbank President Jens Weidmann issued a warning against Britain’s exit from EU...
Eurozone Economic Confidence At 13-Month Low Eurozone economic sentiment fell to a 13-month low in March, survey results from the European Commission showed Wednesday. The economic sentiment index came in at 103 versus 103.9 in February. This was the lowest reading since February 2015...
Euro Zone is Not in Deflation – ECB’s Villeroy ECB’s Governing Council member Francois Villeroy de Galhaud has argued that negative inflation figures in the region are temporary, while he sees them picking up pace in the second half of the year...
US ADP Employment and Eurozone Confidence Main Market Movers Today – Danske Bank Research Team at Danske Bank, suggests that the release of the ADP employment data for March should give us an early indication of what to expect from the official job report for March due on Friday although, admitte...
Expect Downward Pressure on the JPY Going Forward - NAB Research Team at NAB, notes that the Japan’s foreign exchange reserves remain high, and at USD1.25 trillion are the second highest in the world, after China...
BOJ’s Negative Rates Drive Japanese Lending Rates to Record Low On Wednesday, Reuters reported the data released by Bank of Japan (BOJ), which showed the Japanese lending rates hit a record low in February, and highlighted its negative impact on the commercial banks' profit margins...
Oil Rebounds in Asia, EIA Inventory Report Eyed Oil benchmarks on both sides of Atlantic posed a minor rebound in the Asian trades, bringing a halt to the five consecutive sessions of declines...
ECB Coeure: Won’t take Rates into 'Absurdly Negative Territory' More ECB Coeure headlines from Politico interview published on ECB site: Not short of instruments; choice quite large Won’t take rates into 'absurdly negative territory' 'Helicopter money' not part of Gov council discussion...
Japan’s Current Account Surges to a Recent High - NAB Research Team at NAB, notes that the Japan’s current account surplus surged to ¥16.64 trillion in 2015 (3.3% of GDP), the strongest outcome since 2010. Key Quotes “The goods account improved by ¥11.3 trillion (to -¥643...
JPY: Impact on Economy of Strong Yen – Nomura FX strategy team at Nomura, had lowered its end-2016 USD/JPY forecast to 122, from 130...
Investors returned to the big banks to push up the local market, after the dovish comments from US Federal Reserve Chair Janet Yellen overnight. The ASX 200 was up 42 points in early trade, or 0.8%, at 5047, while the All Ordinaries was up 41 points at 5117...
Nikkei 225 Drops, Rest of Asia Climb on Cautious Yellen The stocks on the Asian bourses climbed on Wednesday, taking the positive lead from the Wall Street overnight on dovish Yellen, which smashed April Fed rate hike expectations...
Asian Development Bank Cuts its China Growth Forecast Asian Development Bank (ADB) lowered its forecasts for China’s economic growth to 6.5% in 2016 from 6.7% seen in its December forecast. While GDP growth forecast for 2017 stood at 6.3...
Japan: More Expanded QE to Come - NAB John Sharma, CFA, Macro Economist – Sovereign Risk at National Bank of Australia argued that, overall, the picture is of a Japanese economy struggling to generate any momentum. Key Quotes: "Japanese GDP declined by -0...
Japan Industrial Output Tumbles 6.2% In February Industrial production in Japan fell a seasonally adjusted 6.2 percent on month in February, the Ministry of Economy, Trade and Industry said in Wednesday's preliminary reading - marking the largest single-month decline in five years...
When Makis Gounaris, a financial consultant based in Athens, decided to hire Spartan Security Ltd. to protect his apartment in September, he was told to choose from three payment options: cash, credit, or barter. Gounaris paid his entire bill in “TradePoints” using Greek barter network TradeNow...
It's official: June is off the table. On Tuesday, Federal Reserve Chair Janet Yellen delivered remarks before the Economic Club of New York. The tone was decidedly dovish, with the dollar falling, Treasurys rallying, and stocks moving higher following the speech's release...
