Articles by Boby Michael

Boby Michael

Email : b.michael@ibtimes.co.uk

China services sector

China services PMI off six-month low, India's up to eight-month high

New business growth seen strong in China and India pushing up key indices.

Mar 4, 2015

Stacks of Swiss franc, Euro and U.S. dollar banknotes

Swiss franc falls to fresh 6-week lows despite stronger than expected GDP data

Swiss economy expands 1.9% y/y in Q4 when the consensus was for 1.7% growth.

Mar 3, 2015

Reliance Communications

Reliance Com: First time ratings weighed by high leverage and weak market share

Fitch rated the firm 'BB-' and Moody's 'Ba3'.

Mar 3, 2015

Gold

Technical analysis: Gold downside risks increase with dollar index at 12-year high

Gold declined by 5.5% in February and the support near $1200 does not seem strong enough to prevent deeper lows.

Mar 3, 2015

Reserve Bank of Australia Governor Glenn Stevens

RBA surprises by holding rates, Australian dollar rises

The central bank left the rate at 2.25% while market had been expecting a 25 bps cut.

Mar 3, 2015

A US factory

JP Morgan survey: Global manufacturing conditions improve for 27th straight month

The JP Morgan global manufacturing PMI has risen to 52.0 in February, from 51.7 in January.

Mar 3, 2015

$A general view of Pakistan\'s Gwadar deep-sea port on the Arabian Sea$

Moody's: Economic corridor to China to boost investments in Pakistan, ease energy crisis

Pakistan has approved the project linking the country with China via rail, road and an oil and gas pipeline.

Mar 2, 2015

Euro notes

Euro bounces from near multi-year lows on inflation; PMI and jobs data surprise

German and Italian manufacturing PMI and Eurozone CPI rate came higher than expected.

Mar 2, 2015

A woman holds Indonesian rupiah

Indonesian rupiah plummets to new multi-year low as inflation slows, PMI at record low

USD/IDR has broken above the 13,000 barrier as inflation rate drops to three-month low.

Mar 2, 2015

China Yuan US Dollar

China's yuan plunges to new low as PBoC rate cut takes effect

Chinese yuan which has been on a losing streak since November has so far lost 2.6% against the dollar..

Mar 2, 2015

$India\'s manufacturing falls in August$

Asia PMI summary: China manufacturing rebounds, India slows, Indonesia falls to record low

Japan, Taiwan and Korea witness improvement, while Vietnam maintained its growth rate.

Mar 2, 2015

China manufacturing PMI

China's official manufacturing PMI rebounds from 28-month low

With PMI at 49.9, manufacturing is still in contraction territory while the services index is up to 53.9.

Mar 1, 2015

Major currencies and dollar

Central banks watch: Australia, Canada, UK and eurozone to set rates; Yellen, Bernanke and Draghi to speak

RBA expected to cut rate further while the rest of G10 central banks likely to hold.

Feb 28, 2015

Indian rupee

India Budget 2015: Shares trade choppy, Arun Jaitley's proposals seen as rupee-neutral

Rupee will also be influenced by RBI intervention policy as weak euro has affected Indian exporters who trade with eurozone.

Feb 28, 2015

India rupee bundles

India rupee holds 3-week high as equities rally on Union Budget optimism

Economic survey a day ahead of the budget has kept fiscal deficit targets.

Feb 27, 2015

Swedish krona

Swedish krona rises against majors on GDP and retail sales data surprise

Swedish economy expanded 2.7% year-on-year from 2.3% in Q3 giving a boost to the krona.

Feb 27, 2015

Danish krone

Denmark's currency falls to multi-year lows vs dollar, pound after surprise rate cut

Denmark cuts the benchmark deposit rate by 15 basis points to -0.35%.

Feb 27, 2015

EUR/USD 30 minutes

Euro plunges to new 11-year low against dollar on ECB bond buyback plan

Together with the new plan, the ECB will inject €60bn every month into the economy.

Feb 27, 2015

South African Rand

South African rand rallies to three-week high but big picture points to persistent weakness

New highs for USD/ZAR beyond early February peaks can't be ruled out, technically.

Feb 26, 2015

NZD Notes

NZ dollar headed for fourth straight week of gains as trade balance swings to surplus

The country was in trade deficit from July to December.

Feb 26, 2015

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