For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington ----------------------------------------------------------- This Diary is filed daily. MONDAY, JUNE 25. BISHKEK - National Bank of the Kyrgyzstan holds board meetings on monetary policy rate.
For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington. ----------------------------------------------------------- This Diary is filed daily.
Speculators turned bullish on the dollar for the first time since July last year, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday, as sentiment improved after the Federal Reserve forecast two more interest rate hikes this year.
The U.S. Federal Reserve may consider tweaking again a tool to control the level of excess bank reserves if a key overnight borrowing cost rises further from current levels, TD Securities strategists said on Friday.
Fed Chairman Powell had expected first fix would have been enough. The Federal Reserve may soon have to make a second adjustment to its tools for lifting interest rates only days after Fed Chairman Jerome Powell had said he didn't expect another tweak was needed. Because the Fed bought so many assets during the financial crisis, it had to create a brand new system for pushing rates up when the tightening cycle started in 2015. More than two years later, it is finding it still doesn't...
GLENDALE, Calif. Export Portal CEO, Ms. Ally Spinu was buoyed by what she saw at this year's event held in Moscow but was disappointed not to be able to attend the St. Petersburg International Economic Forum held on the same day as ECOM EXPO. The ECOM EXPO event was inspiring on several fronts and very different from other events Export Portal has attended this year.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. The question is: What might authorities do? These policy easing expectations are partly driving the yuan's slide, but investors are wondering now how far the weakness could go. A weak yuan might help offset the trade impact.
As rhetoric on global trade ratchets higher, here's a look at what new tariffs have been imposed and what has been threatened. The context of these tariffs is the trade deficit the U.S. runs, which totaled $568 billion in 2017. The Trump administration maintains that the size of that gap is due to unfair trade agreements. President Trump first announced his intention to impose steel and aluminum tariffs on March 1, and the Dow Jones Industrial Average has lost about 1% since that...
An economic index that measures business trends declined slightly in June as U.S. private sector firms experienced a strong end to the second quarter and manufacturing production growth continued to slow to its lowest since September 2017.. The IHS Markit Flash U.S. Composite PMI Output Index slid in June to 56 from May's 56.6, a 37- month high.
A trade war could cut short the Fed's tightening cycle, BAML analysts say. Analysts at Bank of America Merrill Lynch have offered a neat way to make sense of the bond market's reaction in the event of a trade war, which has confused investors who say tariffs can tug Treasury yields in opposite directions. A global economy reeling from a trade-driven slowdown could prompt the Federal Reserve to cut the number of interest- rate hikes in its current tightening cycle, stirring a rally in...
OTTAWA-- Canada's annual inflation rate remained above 2% for a fourth straight month in May but came in well below market expectations, while measures of underlying price growth cooled slightly. Canada's consumer-price index rose 2.2% on a one-year basis in May, Statistics Canada said Friday, matching the increase in April. The May result came in well below market expectations for a 2.6% advance, according to economists at Royal Bank of Canada.
MEXICO CITY--Mexican consumer prices rose less than expected in early June, as lower services prices partially offset higher fuel costs. The consumer-price index rose 0.13% in the first half of June, pushing the annual inflation rate slightly up to 4.54% from 4.51% at the end of May, the national statistics agency said Friday. Analysts were expecting a 0.14% increase.
China's central bank said on Friday trade disputes, geopolitics and monetary policies of major economies are the key uncertainties in its economic outlook even as the global economy picks up speed.
An index that tracks U.S. manufacturers and a gauge for service-oriented companies both tapered off slightly in June but still showed the U.S. economy expanding at a strong pace, according to IHS Markit's flash PMIs. The manufacturing index slipped to a seven-month low of 54.6 from 56.5. The services barometer dropped to a two-month low of 56.5 from 56.8.
An unexpected plunge in Canada's retail sales in April and flat inflation figures for May drove the Canadian dollar to a year-low on Friday and cut expectations for a July rate hike to 50-50 at best.
OTTAWA-- Canada's annual inflation rate remained above 2% for a fourth straight month in May, while measures of underlying price growth cooled slightly. Canada's consumer-price index rose 2.2% on a one-year basis in May, Statistics Canada said Friday, matching the increase in April. The May result came in well below market expectations for a 2.6% advance, according to economists at Royal Bank of Canada.
NEW YORK, June 22, 2018 The Conference Board Leading Economic Index® for India increased 0.6 percent in May 2018 to 111.7. The Conference Board Coincident Economic Index® for India increased 2.5 percent in May 2018 to 112.8. The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle.
Canada's annual inflation rate stayed unchanged at 2.2 percent in May, the fourth consecutive month it has exceeded the Bank of Canada's 2.0 percent target, Statistics Canada data indicated on Friday. The rate was less than the 2.5 percent forecast by analysts in a Reuters poll.
Morocco's consumer price inflation slowed to 2.6 percent year-on-year in May, down from 2.7 percent in April, the High Planning Commission said on Friday. Food inflation stood at 3.4 percent in May, compared to 3.7 percent in April. Communication costs were flat in May, while inflation of goods and miscellaneous services stood at 6.5 percent after 6.8 percent in April, the data showed.
Business activity in the eurozone picked up in June for the first month in five--a first sign that the currency area's economy may be shaking off a sluggish start to the year. The eurozone economy entered 2018 on a high, having recorded its fastest expansion in a decade during 2017 as it outpaced the U.S. for the second straight year. But official figures for the first three months of the year recorded a sharp slowdown and there have been few signs of a rebound in data released since...
The 30- year fixed-rate mortgage has averaged 4.40% so far this year, up from 3.99% in 2017. Rates for home loans pulled back in line with bond yields as trade war fears sent investors piling into safe assets. The 30- year fixed-rate mortgage averaged 4.57% during the June 21 week, down from 4.62%, mortgage provider Freddie Mac said Thursday.
Transparency Market Research, June 22, 2018 Transparency Market Research has published a new report titled "Automotive Braking Component Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026". The global braking component market is projected to be driven by increase in demand for occupant safety.
It's a golden age for drug development, but the major pharmaceutical companies aren't enjoying the good times. U.S. health-care spending regularly grows faster than inflation and has reached about 18% of gross domestic product. Prescription drugs are a major component of that sum.
Despite seven interest-rate increases by the Federal Reserve since 2015, many banks have resisted rewarding deposit customers with higher rates. Some customers, however, are getting a far better deal. The recent moves from the Fed have set off a battle for deposits for the first time since the financial crisis.
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. The pound rose to a six-day high on Friday after a Bank of England meeting revived expectations of a rate hike this year, but sterling's gains were checked by fears of a breakdown in Brexit talks next week.
PUTRAJAYA, Malaysia--Malaysia named Nor Shamsiah Mohd Yunus, a former central-bank official involved in an investigation into state-investment fund 1 Malaysia Development Bhd., as governor of Bank Negara Malaysia. The appointment Friday confirms a Wall Street Journal report that Ms. Nor Shamsiah would replace Muhammad Ibrahim, who resigned from the central bank earlier this month.
To describe 2018 so far as eventful would be a massive understatement. Barclay Ballard explores Russias stagnating economy in the aftermath of President Vladimir Putins fourth re-election, which sees the president extending his control over the country and its finances.
KUALA LUMPUR, Malaysia--Malaysia has named Nor Shamsiah Mohd Yunus, a former central-bank official involved in an investigation into state-investment fund 1 Malaysia Development Bhd., as governor of the regulator, a spokesman for the prime minister said Friday. The appointment confirms a Wall Street Journal report that Ms. Nor Shamsiah would replace Muhammad Ibrahim, who resigned as Bank Negara Malaysia governor earlier this month.
Japan May Core CPI +0.7% on Year. Japan's consumer prices rose in May at the same pace as in the previous month, failing to pick up speed toward the Bank of Japan's 2% target. SEC Wants More Power to Get Funds Back for Bilked Investors.
* May core CPI +0.7 pct yr/yr, matches forecast and April. * CPI excluding food and energy +0.3 pct y/y, slowing for 2 months. * BOJ looking into structural factors behind weak inflation. * Weak prices keep BOJ from tapering massive monetary stimulus. By Tetsushi Kajimoto.
For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington ----------------------------------------------------------- This Diary is filed daily. ULAANBAATAR - Central Bank of Mongolia holds Monetary Policy Committee Meeting. MONDAY, JUNE 25.
For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington. ----------------------------------------------------------- This Diary is filed daily.
The President of the European Central Bank welcomed on Friday a deal reached by eurozone finance ministers on new debt relief for Greece and said the measures will improve the sustainability of the Greek debt "in the medium term".
Britain's top central bankers held an unusual vote during their policy deliberations this week - to decide which country is most likely to win the World Cup taking place in Russia.
The interest rates derivatives market needs to develop contingency plans in its contracts in case the London interbank offered bank rate ceases to exist, a special adviser at the Federal Reserve said on Thursday. LIBOR is a rate benchmark for $200 trillion of dollar-denominated financial products, mostly in interest rate swaps.
Mexico'S peso firmed
slightly on Thursday, supported by an interest rate hike by the
central bank, while the stock market in Argentina soared after
index provider MSCI upgraded the country to ...
All of the banks met the regulatory minimums for capital after undergoing what's called the "severely adverse" stress test that would cause $578 billion in losses for 35 lenders, the Federal Reserve announced Thursday. The Fed said the aggregate common equity tier 1 capital ratio would fall from an actual level of 12.3% in the fourth quarter of 2017 to 7.9%. That is just the first round of the stress tests, as the results of the Comprehensive Capital Analysis and Review are announced...
Banks would have suffered cumulative $578 billion in losses under hypothetical recession. All of the banks tested by the Federal Reserve met the regulatory minimums for capital after being tested for the impact of a severe recession, the central bank announced Thursday. The Fed said banks met the minimums after a "severely adverse" stress test that would cause $578 billion in losses for 35 lenders.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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