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Quotes from Standard Chartered:-EM credit markets, along with other risk assets, have widened significantly over the past couple of weeks as investors fret about Greece's possible exit from EMU.
Prime Minister Mariano Rajoy said Spain does not intend to seek bailout funds for the country's troubled banks He added that the current cost of borrowing was unsustainable and that doubts over the euro must be dissipated. The material has been provided by Instaforex Company - instaforex.
Canadian retail sales rose 0.4 pct, more than expected 0.3 pct rise, as consumers bought more cars The volume of total retail sale also rose 0.4 pct Excluding autos, sales were up just 0.1 pct, with gains in seven of the 11 retail sub-sectors. Motor vehicles and parts dealers reported a 1.
Canada's composite leading indicator rose by 0.3 pct in April from March, marking a 10th consecutive monthly increase Leading indicator rise was led by a rise in housing starts. However the rise was lesser-than-expected 0.4 pctThe material has been provided by Instaforex Company - instaforex.
Quotes from Standard Chartered:-India Q4-FY12 GDP is likely to disappoint at 6%, thwarting expectations that growth has already bottomed out-Widespread slowdown is apparent in the industrial and services sectors -Slower growth and low core inflation are likely to trigger a 25bps repo rate cut o...
Quotes from Standard Chartered:-A slowdown in GDP growth to its lowest level since March 2009 would be a wake-up call for the Indian authorities. Both the Reserve Bank of India (RBI) and the government previously believed that economic growth had bottomed out in Q3-FY12.
US mortgage market index rose 3.8 pct to SA 804.9 in week ended may 18 - MBA The MBA's SA refinance applications index gained 5.6 pct, but the gauge of loan requests for home purchases fell for the second week in a row and was down 3.0 pct.
Germany's Bundesbank said Greece situation is extremely worrying, non-implementation of reforms jeopardizes further aid The c bank warned against Europe easing the conditions for Greece to access aid.
BoE deputy said that the bank feels uncomfortable to buy private sector assets and added that it is political territory for central bank Bean also said that a lack of confidence, not tight credit, is a major factor holding back UK's economic recoveryQuotes "Underlying domestic inflation pressu...
Quotes from Societe Generale Cross Asset Research:-A move in EUR/NOK above 7.60 this month (3-month vol up to 7.70) should in theory satisfy the central bank as inflation is currently too low.
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