By mid-summer Bund yields could drop to 3.0 percent. |
Can interest rates shore up the euro? Not so far, |
Europe has had an image problem. It has seemed unable to change and adapt to the world. |
It really requires joint intervention (with the U.S. Federal Reserve), and no U.S. official is going to sanction that in a presidential election year. |
It shows that the system is more relaxed for the yuan to move. |
It's definitely the case that the yuan is going to be allowed to appreciate as the economy grows. We're expecting some good growth. |
Overall, the long-term trend is going to worsen. All indicators are pointing to a possible recession. |
The data is very good and is a sign of a strong, resilient economy with sound fundamentals. |
The key factor is that there is still a soft tone to the U.K. economy and a clear absence of inflation, |
The key factor is that there is still a soft tone to the U.K. economy and a clear absence of inflation. |
The market will interpret [those comments] that the bank has gone towards a tightening bias. |
The services-oriented sector of the economy is still looking fairly robust, averaging a 3.9 percent increase year-on-year. This is above the trend rate of inflation so that is upward pressure for the retail price index. |
The Singapore dollar will continue to appreciate because of the economy -- there's no question about that. |
There is a bloodbath in retailing in terms of competition. |
There is a persistent trend that we are seeing in Asian currencies and it has got to do with more than a view on Fed policy. |