SNB Ready for BoE and ECB Easing Says Jordan

The Swiss National Bank is keeping a close watch on its U.K. and euro-area counterparts and has leeway to adjust policy if needed in the wake of the Brexit vote, President Thomas Jordan said. “We are monitoring the situation very carefully: what are the consequences for inflation and growth in Switzerland, what are our policy options,” […]

Oil Falls After Over Supply Concerns Rise

Oil prices slipped on Thursday after a rise in U.S. gasoline inventories helped push U.S. oil stocks to a record high, reinforcing worries of a global oversupply. U.S. crude and oil product stocks rose 2.62 million barrels in the week to July 15 to an all-time high of 2.08 billion barrels, the U.S. Energy Department […]

Japanese Government Eyeing $188 Billion Stimulus Package

The Japanese government is arranging to compile a stimulus package of at least 20 trillion yen ($188 billion) to help the domestic economy emerge from deflation and fend off possible adverse effects of Brexit, sources close to the matter said Wednesday. The government initially envisaged compiling a stimulus package of somewhat more than 10 trillion […]

USD Rises to 107 JPY After Strong Equity Boost

The U.S. dollar climbed to the mid-107 yen zone Thursday morning in Tokyo, reaching the level for the first time since early June as buying was prompted by buoyant global stock markets and expectations that the Bank of Japan will further ease its monetary grip as early as next week. The dollar briefly traded at […]

ECB Faces Brexit Challenge

The UK EU Referendum Aftermath Has Reduced the impact of ECB Stimulus The European Central Bank (ECB) is expected to keep rates and quantitative easing (QE) measures unchanged with the focus for investors being the words of President Mario Draghi that will address the central bank’s response to Brexit risks which he has already said […]