Financial News

UK growth likely to slow to 1.1 pct this year, to pick up to 1.5 pct in 2020: Schroders

The United Kingdom’s economic growth is expected to slow to 1.1 percent this year from 1.4 percent in 2018. Assuming that a Brexit deal with the EU passes parliament ahead of a transition period that preserves the status quo of single market and customs union membership, growth is expected to pick up to 1.5 percent in 2020, according to a recent research report from Schroders.

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Bank Indonesia likely to be patient and make its move only in the second half of this year, says ANZ Research

Bank Indonesia (BI) is expected to be patient and make its move only in the second half of this year, after unsurprisingly keeping its 7-day reverse repo rate unchanged at 6.00 percent at its monetary policy meeting, held last week, according to a recent report from ANZ Research.

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Asia Roundup: Aussie rebounds as conservative coalition secures parliamentary majority; dollar at 2-week peak against yen as U.S. lifts tariffs on Canadian, Mexican metals; Asian shares rally - Monday, May 20th, 2019

Market Roundup

  • Australia's conservative coalition secures parliamentary majority
  • Trump says tariffs making companies leave China, a deal can't be '50-50'
  • U.S. warship sails in disputed South China Sea amid trade tensions
  • India's Modi set to return to power with a bigger majority, exit polls show
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FxWirePro: INR, Nifty gain on exit polls predicating victory for PM Modi

India’s benchmark stock index Nifty50 and Indian rupee are up substantially as the majority of the exit polls released after the end of the month-long voting cycle on Sunday predicted a sweeping victory for Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) government.

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FxWirePro: Asian markets mixed, gold stabilizes below $1,280 mark

All the major Asian indices were trading on a mixed note on Monday. Gold was trading around $1,276 mark while silver was trading around $14.42 mark. Silver touches $14.27 mark in early hours of Asia.

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