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Tuesday, 03 May 2016
Asia Pacific rates
EU Cuts Euro-Area Inflation Forecast, Warns on Debt
21:18 | 3/5/16
The European Commission told the euro area's largest economies to reduce debt and modernize labor markets as it again slashed its inflation forecast and warned of slower-than-predicted growth across the 19-nation bloc.
European stocks slammed as euro jumps, banks sag
21:11 | 3/5/16
European stocks were shoved lower Tuesday, hurt as the euro hit a roughly nine-month against U.S. dollar, and as bank shares drove lower following financial results in the sector.
EU Commission cuts euro zone growth forecast
21:01 | 3/5/16
It now sees euro zone gross domestic product (GDP) in 2016 at 1.6 percent from a previous forecast of 1.7 percent growth. It also lowered its 2017 forecast to 1.8 percent from 1.9 percent.
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Currency traders are no longer worried about Brexit
20:03 | 3/5/16
Business Insider UK
The pound has erased its losses for 2016, as investors spooked by the fear of Brexit start to see the chances of Britain actually leaving the EU getting less and less likely, making the bearish outlook on the pound less prominent. The pound crashed to ...
Straumann Says Growth Reflects Ability to Adjust to Strong Swiss Franc
19:52 | 3/5/16
Wall Street Journal
The Basel-based company said that revenues rose 15% during the first quarter compared with the previous year, to 223 million Swiss francs ($235 million). Organic sales growth, which excludes the effects of currencies and acquisitions, was 12.2%, up ...
South Africa's rand firmer, stocks set to open higher
19:07 | 3/5/16
JOHANNESBURG May 3 (Reuters) - South Africa's rand firmed slightly against the dollar early on Tuesday, edging back towards five-month highs hit on Friday as investors positioned for a slew of domestic and foreign economic data.
Mainstream Renewable plans 100 mln euro equity fundraising for expansion
18:00 | 3/5/16
The green energy company, created in 2008 from the proceeds of the 2 billion euro sale of renewable energy firm Airtricity to utilities SSE and E.ON, wants to raise capital from one or more investors to finance its expansion in South America, Africa ...
Australian Dollar Falls, Stocks Surge After Reserve Bank Rate Cut
17:48 | 3/5/16
In doing so it cited "uncertainty about the global economic outlook and policy settings among the major jurisdictions" and "unexpectedly low" Australian inflation data. Quarterly central bank data put the inflation rate in March - after stripping out ...
Aussie sinks against US, Singapore dollar on surprise rate cut
17:35 | 3/5/16
The Straits Times
It also slid sharply against the Singapore dollar, trading at 1.0163 to the Singdollar as of 1:55 pm, down 0.8 per cent from its close of 1.0243 on Monday.
Indian rupee firms up 13 paise to 66.31 against dollar in early trade
17:03 | 3/5/16
Indian rupee firms up 13 paise to 66.31 against dollar in early trade. Indian rupee vs US dollar: Weakness in dollar against some other currencies overseas and a higher opening in the domestic equity market supported the rupee, forex traders said.
The Australian dollar is rallying like there's no RBA rate cut coming today
15:11 | 3/5/16
Business Insider Australia
In line with this pickup in the dollar, cash rate futures are currently pricing a 42% chance of a rate cut today. That's a significant intraday fall from the 53% it stood at earlier this morning.
Cash-strapped IS sells chickens and eggs to raise funds in Libya
14:30 | 3/5/16
Middle East Eye
Although Libyans across the country are struggling for money, with banks limiting withdrawals to between 200 and 500 Libyan dinars ($150-$370) depending on the region, cash shortages for people living under IS rule, where banks remain closed, are ...
Morning Report APAC: Watch for Australian dollar volatility today
14:15 | 3/5/16
US: ISM Manufacturing came in below expectations in April at 50.8; down from 51.8, but remains the second highest result in the past eight months.
U.S. ECONOMICS: Dollar Erodes, Swiss Franc Dismisses Central Banker Jawboning ...
11:26 | 3/5/16
Sonoran Weekly Review
The dollar is even lower against the Swiss franc despite remarks from Swiss National Bank president Thomas Jordan calling the franc “significantly overvalued” and hinting that the central bank will intervene if needed to cheapen the currency.
Goldman Succumbs to a Stronger Yen, Mirroring Euro Call Misfire
11:15 | 3/5/16
Both the euro and the yen have jumped even as policy makers in Europe and Japan unveil further stimulus, while the dollar has posted its worst string of monthly losses in two years following the first Federal Reserve rate-increase in a decade.
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