Chapter 2 Financial markets
|
|
|
- Kerry Cannon
- 7 years ago
- Views:
Transcription
1 Chapter Financial markets Hovedstyret desember,,,,,.a Exchange rates against USD Daily figures,,,,, JPY per USD (left-hand scale),, USD per euro (right-hand scale), jan jul jan jul jan jul, Source: EcoWin Hovedstyret desember
2 .b Nominal effective exchange rates A rising value denotes an appreciating exchange rate. January = Daily figures USD EUR jan jul jan jul jan jul Sources: EcoWin, ECB and Norges Bank Hovedstyret desember Hovedstyret desember.a Three-month money market rates Nominal interest rates. Daily figures - - NOK GBP EUR USD JPY - jan jul jan jul jan jul /Troll -
3 .b Yields on -year government bonds Effective rates. Daily figures US Germany Japan October-December jan jul jan jul jan jul Sources: Norges Bank and EcoWin Hovedstyret desember. Norges Bank's interest rates and short money market rates Nominal market rates. Daily figures Overnight rate -week rate Deposit rate -month rate jan jul jan jul jan jul Hovedstyret desember
4 - -. Interest rate differentials against NOK: NOK/EUR and NOK/ Main trading partners -month nominal rates. Daily figures NOK/main trading partners NOK/EUR jan mai sep jan mai sep Hovedstyret desember. Three-month forward rates Forward rate agreements (FRA rates)... September. October December.. Sep Dec Mar Jun Sep Hovedstyret desember
5 . Three-month FRA rates January - December. Daily figures... December March June. September. Jan Mar May Jul Sep Nov. Hovedstyret desember. Norges Bank's sight deposit rate, actual -month rates and FRA rates. -month rate.. Deposit rate.. FRA rates December. Jan Jul Jan Jul Jan Jul Jan Jul Hovedstyret desember
6 .a Forward rates in Norway Implied forward Norwegian short-term interest rates... October December September... Hovedstyret desember.b Forward rates in Norway, the US and Germany December Norway Germany US Hovedstyret desember
7 .c Differential between Norwegian and German forward rates... September..... October December.. Hovedstyret desember.d Differential between Norwegian and German -year forward rates Jan Jul Jan Jul Jan Jul Hovedstyret desember
8 ,. Yields on Norwegian government bonds Effective yields. Daily figures,, -year rate,,,,,, -year rate,, jan jul jan jul jan jul Hovedstyret desember,. Yield spreads on government bonds -year maturity. Daily figures. NOK/DEM.. NOK/GBP.. NOK/USD NOK/SEK. -. Jan Jul Jan Jul Jan Jul -. Source: EcoWin Hovedstyret desember
9 Monthly figures. Exchange rates Index. Daily figures. January - December Import-weighted exchange rate, countries (=) Trade-weighted exchange rate (=) Jan Apr Jul Oct Jan Apr Jul Oct Hovedstyret desember. Nominal effective exchange rates A rising value denotes an appreciating currency January =. Monthly figures Norway * Australia New Zealand Canada * * The figure for December is the average so far in December Jan Jul Jan Jul Jan Jul Sources: Norges Bank and EcoWin Hovedstyret desember
10 . The oil price and the trade-weighted exchange rate index (TWI) Oil price (left-hand scale) TWI (right-hand scale) Hovedstyret desember. Krone exchange rate (TWI) and -month interest rate differential,,,, -month interest rate differential (left-hand scale),, TWI (right-hand scale), jan jul jan jul jan jul jan jul Hovedstyret desember
11 . Krone exchange rate (TWI) and global risk indicator (GRI) TWI (right-hand scale) GRI (left-hand scale) Hovedstyret desember. Implied volatility for NOK/EUR Annualised expected standard deviation. Per cent mth mth mth Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: EcoWin Hovedstyret desember
12 . Probability for the effective krone exchange rate Probability per. point.. Implied probability in one month.. NOK/EUR=% NOK/USD=% NOK/SEK=% NOK/GBP=%.. Hovedstyret desember. Credit indicator C (domestic sources) -month growth. Per cent - - C, adjusted - - C sep nov jan mar mai jul sep Hovedstyret desember
13 . C by borrower sector -month growth. Per cent Share of loan debt in October Households Non-fin. corp. Local governments Non-financial corporations Households Local governments - Sources: Norges Bank Hovedstyret desember -. Total credit C (Domestic and foreign sources) -month growth. Per cent C C mainland Norway Adjusted growth rates sep des mar jun sep Hovedstyret desember
14 . Money supply (M) -month growth. Per cent - - Sep Dec Mar Jun Sep Hovedstyret desember. Movements of sub-indices on the Oslo Stock Exchange. Daily figures,..... Indexed,.. = Norway OSEBX Energy Financials Manufac. ICT Jan May Sep Jan May Sep Source: EcoWin * The ICT index is calculated as the average of the IT and telecom indices Hovedstyret desember
15 . Movements on international stock indices Daily figures,..... Indexed,.. = Wilshire,US FTSE,UK DAX,Germany Topix,Japan Jan May Sep Jan May Sep Source: EcoWin Hovedstyret desember. Yield spreads between government bonds and corporate bonds. Percentage points UK US Euro area Jan Jul Jan Jul Jan Jul Jan Jul Source: Datastream Hovedstyret desember
16 . Yield differentials against US government bonds Percentage points USD-denominated government bonds in emerging economies High-risk US corporate bonds Sources: Datastream and EcoWin Hovedstyret desember. Implied volatility of options on the S&P index Per cent Sources: EcoWin / CBOE Hovedstyret desember
Chapter 2 Financial markets
Chapter Financial markets Executive Board May....a Exchange rates against USD Daily figures.... JPY per USD (left-hand scale) USD per euro (right-hand scale).. Executive Board May. Source: EcoWin .b Nominal
Consumer prices and the money supply
Consumer prices and the money supply Annual rise. Per cent. -year moving average Money supply Consumer prices - - 9 9 9 96 98 Sources: Statistics Norway and Norges Bank JB Terra Kapitalmarkedsdager, Gardermoen.
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun
AT&T Global Network Client for Windows Product Support Matrix January 29, 2015
AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 Product Support Matrix Following is the Product Support Matrix for the AT&T Global Network Client. See the AT&T Global Network
Monetary policy, inflation and the outlook for the Norwegian economy
Monetary policy, inflation and the outlook for the Norwegian economy DnB, Haugesund Svein Gjedrem, Governor of Norges Bank, April Effective exchange rates January 99= GBP NOK 9 8 NZD 9 8 7 SEK 7 99 99
Money market portfolio
1 Money market portfolio April 11 Management of Norges Bank s money market portfolio Report for the fourth quarter 1 Contents 1 Key figures Market value and return 3 3 Market risk and management guidelines
Monetary policy and the economic outlook Governor Svein Gjedrem SR-banken, Stavanger 19 March 2004
Monetary policy and the economic outlook Governor Svein Gjedrem SR-banken, Stavanger 9 March SG SR-banken Stavanger, 9 March Monetary policy regulation. Monetary policy shall be aimed at stability in the
Business cycles, monetary policy and property markets Governor Svein Gjedrem Næringseiendom 2005 26 April 2005
Business cycles, monetary policy and property markets Governor Svein Gjedrem Næringseiendom 5 April 5 Projected consumer price inflation 5-year horizon. Annual rise. Per cent Employers organisations Employees
The economic outlook and monetary policy
The economic outlook and monetary policy Governor Svein Gjedrem SR-Bank, Stavanger March 5 Interest rates and inflation Per cent Market rate Real interest rate Neutral real interest rate Inflation SR-Bank
The economic outlook for Norway. Governor Øystein Olsen Sparebanken Hedmark 7 September 2011
The economic outlook for Norway Governor Øystein Olsen Sparebanken Hedmark 7 September GDP Index, = Euro area US Brazil India China Sources: IMF and Norges Bank GDP Index, = Euro area US Brazil India China
Tables. Standard symbols:. Category not applicable.. Data not available... Data not yet available Nil 0 Less than half the 0.0 final digit shown
Tables 1. Norges Bank. Balance sheet. In millions of NOK 2. Norges Bank. Investments for Government Pension Fund - Global. In millions of NOK 3. Banks. Balance sheet. In millions of NOK 4. Banks. Loans
Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8
Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138 Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 2 of 138 Domain Name: CELLULARVERISON.COM Updated Date: 12-dec-2007
Analysis One Code Desc. Transaction Amount. Fiscal Period
Analysis One Code Desc Transaction Amount Fiscal Period 57.63 Oct-12 12.13 Oct-12-38.90 Oct-12-773.00 Oct-12-800.00 Oct-12-187.00 Oct-12-82.00 Oct-12-82.00 Oct-12-110.00 Oct-12-1115.25 Oct-12-71.00 Oct-12-41.00
Eurozone Economic dashboard
Eurozone Economic dashboard Our Economic Dashboard is designed to help investors understand the true state of the eurozone economy. It is not meant to serve as a direct prediction regarding the future
Enhanced Vessel Traffic Management System Booking Slots Available and Vessels Booked per Day From 12-JAN-2016 To 30-JUN-2017
From -JAN- To -JUN- -JAN- VIRP Page Period Period Period -JAN- 8 -JAN- 8 9 -JAN- 8 8 -JAN- -JAN- -JAN- 8-JAN- 9-JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- 8-JAN- 9-JAN- -JAN- -JAN- -FEB- : days
CAFIS REPORT 2015.10
CAFIS REPORT 2015.10 INDEX Message CAFIS Inbound 03-06 07-08 CAFIS Arch 09-10 CAFIS Brain 11-12 CAFIS Global 13-14 What We Do 15-16 About CAFIS 17-18 Services for Member Stores 19-34 Services for Card
FINANCIAL RESULTS Q1 2016
FINANCIAL RESULTS Q1 2016 CFO Hallvard Granheim 28 th April 2016 Highlights Q1 Increase in underlying results (EBITDA) - Nordic prices are down 15% Q-on-Q - High production from Nordic hydropower assets
UPDATE ON CURRENT MACRO ENVIRONMENT
1 Oct 213 Macro & Strategy Equity Credit Commodities 13 13 #1 Global Strategy #1 Multi Asset Research #3 Global Economics #2 Equity Quant #2 Index Analysis #3 SRI Research 12 sector teams in the Top 1
Outlook for the Norwegian business sector and the role of Norges Bank
Outlook for the Norwegian business sector and the role of Norges Bank Central Bank Governor Svein Gjedrem Kongsvinger, March Effective exchange rates 199=1 1 1 11 NOK 11 1 GBP 1 9 8 NZD 9 8 7 SEK 7 199
Chapter 3 Demand and production
Chapter 3 Demand and production 3.1 Goods consumption index 1995=1. Seasonally adjusted volume 4 2 22 4 2 21 118 2 118 11 11 114 114 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: Statistics
96 97 98 99 00 01 02 03 04 05 06 07 08* FDI Portfolio Investment Other investment
Chartbook Contact: Sebastian Becker +49 69 91-3664 Global Risk Analysis The unwinding of Yen carry trades Some empirical evidence 3 2 1-1 -2-3 -4 October 31, 28 Many years before the sub-prime crisis hit
Monetary Policy and Mortgage Interest rates
Monetary Policy and Mortgage Interest rates July 2014 Key Points: Monetary policy, which operates through changes in the official cash rate (OCR), is the main lever of macroeconomic management in Australia
The outlook for the Norwegian economy with particular focus on the business sector in Vesterålen
The outlook for the Norwegian economy with particular focus on the business sector in Vesterålen Governor Svein Gjedrem Sortland, October Mainland GDP in Norway Annual growth. Per cent 99 99 99 99 99 Sources:
The ECB s operations amid the financial turmoil: experience and policy lessons
The ECB s operations amid the financial turmoil: experience and policy lessons Francisco Ramon-Ballester Advisor, European Central Bank Office at the International Monetary Fund Mexico DF, 24 April 2008
An Overview of Offshore RMB Market. Nov 2013
An Overview of Offshore RMB Market Nov 2013 Contents 1. Outlook of RMB Internationalisation 2. Implications for Offshore RMB Bonds 2 Section 1 Outlook of RMB Internationalisation 3 RMB The next international
Presentation on Results for the 1st Quarter FY 2014. Idemitsu Kosan Co.,Ltd. August 5, 2014
Presentation on Results for the 1st Quarter FY 2014 Idemitsu Kosan Co.,Ltd. August 5, 2014 Table of Contents 1. FY 2014 1 st Quarter Financials (1) Overview (2) Segment Information (3) Streamlining (4)
Financial Stability 2/12. Charts
Financial Stability /1 Charts Chart 1.1 Vulnerabilities in the Norwegian banking sector and external sources of risk to the banking sector 1) Vulnerability in banking sector External sources of risk to
Deutsche Bundesbank Interest rate statistics 01.12.2015
01.12.2015 period SUD113 7 SUD114 7 SUD115 7 SUD116 7 SUD117 7 SUD118 7 SUD119 7 SUD120 7 SUD121 7 SUD122 7 2015 June 4.83 4.98 7.33 2.11 1.81 1.72 1.92 1.69 2.74 2.05 July 5.09 5.01 7.47 2.17 1.91 1.86
Italy Spain. France Germany. Percent (%)
March Commentary from Pacific Asset Management, the subadvisor to the Pacific Funds SM Fixed-Income Funds. The Euros Are Coming The gap between U.S. and European bond yields presents an interesting value
Quest for Growth Results for Q3, January-March 2003
Quest for Growth Results for Q3, January-March 2003 1 Jan Keuppens joins Quest Management Investment Manager Quoted Portfolio of Quest for Growth Former technology analyst with AXA Investment Managers,
Bond Snapshot with Kathy Jones The Year of the Taper
Bond Snapshot with Kathy Jones The Year of the Taper Kathy Jones, Vice President Fixed Income Strategist Schwab Center for Financial Research February 2014 Overview of Topics Tapering Implications Where
Fearnley Securities. 28 th Annual Marine Money Week. New Issuance through the Norwegian Bond Market. June 2015
Fearnley Securities New Issuance through the Norwegian Bond Market 28 th Annual Marine Money Week June 215 IMPORTANT / DISCLAIMER: This presentation is prepared by Fearnley Securities, an Astrup Fearnley
FINANCIAL RESULTS Q2 2015
FINANCIAL RESULTS Q2 2015 CEO CHRISTIAN RYNNING-TØNNESEN CFO HALLVARD GRANHEIM 23 July 2015 Highlights Solid underlying results (EBITDA) - Lower Nordic prices offset by increased production and contribution
Deutsche Bundesbank Interest rate statistics 02.06.2016
02.06.2016 period SUD113 7 SUD114 7 SUD115 7 SUD116 7 SUD117 7 SUD118 7 SUD119 7 SUD120 7 SUD121 7 SUD122 7 2015 June 4.83 4.98 7.33 2.11 1.81 1.72 1.92 1.69 2.74 2.05 July 5.09 5.01 7.47 2.17 1.91 1.86
Greek banks and corporate funding costs
NATIONAL BANK OF GREECE Greek banks and corporate funding costs January 214 Paul Mylonas CRO & Chief Economist National Bank of Greece NBG: ECONOMIC ANALYSIS DEPARTMENT Economic Analysis Department Roadmap
Presentation on Results for the 2nd Quarter FY 2015. Idemitsu Kosan Co.,Ltd. November 4, 2015
Presentation on Results for the 2nd Quarter FY 2015 Idemitsu Kosan Co.,Ltd. November 4, 2015 Table of Contents 1. 2 nd Quarter FY 2015 Financials (1) Overview (2) Segment Information (3) Streamlining 2.
The Norwegian economy
The Norwegian economy Slower speed ahead, but still growth Strong mechanisms support mainland economy Wriggle room to smooth business cycles Rune Bjerke CEO Just how bad is it? Slower speed ahead but still
Fixed Income 2015 Update. Kathy Jones, Senior Vice President Chief Fixed Income Strategist, Schwab Center for Financial Research
Fixed Income 2015 Update Kathy Jones, Senior Vice President Chief Fixed Income Strategist, Schwab Center for Financial Research 1 Fed: Slow and Low 2015 Fixed Income Outlook 2 Yield Curve Flattening 3
Taking stock of China s external debt: low indebtedness, but rapid growth is a concern
1991 1993 1995 1997 1999 21 23 25 27 29 211 213 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 ECONOMIC ANALYSIS Taking stock of China s external debt: low indebtedness,
Recent Developments and Outlook for the Mexican Economy Credit Suisse, 2016 Macro Conference April 19, 2016
Credit Suisse, Macro Conference April 19, Outline 1 Inflation and Monetary Policy 2 Recent Developments and Outlook for the Mexican Economy 3 Final Remarks 2 In line with its constitutional mandate, the
High interest rates have contributed to a stronger currency
Financial markets and Central Bank measures: 1 High interest rates have contributed to a stronger currency The króna has appreciated after the extension of the exchange rate band and the Central Bank s
Ashley Institute of Training Schedule of VET Tuition Fees 2015
Ashley Institute of Training Schedule of VET Fees Year of Study Group ID:DECE15G1 Total Course Fees $ 12,000 29-Aug- 17-Oct- 50 14-Sep- 0.167 blended various $2,000 CHC02 Best practice 24-Oct- 12-Dec-
1. 2015 Gross Borrowing Requirements and Funding Plan
1 1. 2015 Gross Borrowing Requirements and Funding Plan 1.1 Gross Borrowing requirements The Treasury expects its 2015 gross borrowing requirements to amount to EUR 39.90 billion. This represents an increase
Factors that influence the krone exchange rate
Factors that influence the krone exchange rate Tom Bernhardsen and Øistein Røisland, senior economists in the Economics Department, Norges Bank 1) This article examines how the krone exchange rate is influenced
ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES
NUMBER 99 JULY 21 ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES MACROECONOMIC PROJECTIONS 1 7 8 11 12 Directorate general for economics, statistics
OIL AND THE NORWEGIAN ECONOMY GOVERNOR ØYSTEIN OLSEN NTNU, 29 SEPTEMBER 2015
OIL AND THE NORWEGIAN ECONOMY GOVERNOR ØYSTEIN OLSEN NTNU, 9 SEPTEMBER 15 GDP per capita relative to OECD Index. OECD = 1. Purchasing power adjusted 15 Norway Mainland Norway 15 1 1 5 197 1975 198 1985
The Money Market. Juan Barragan ECP January 2009
The Money Market Juan Barragan ECP January 2009 The Money Market Central Banks They drive the Money Market. They make funds available to commercial banks. They ensure liquidity. Funds available for a short
Implications of a recession in the US. Torgeir Høien, Portfolio Manager SKAGEN Tellus
Implications of a recession in the US Torgeir Høien, Portfolio Manager SKAGEN Tellus What is a recession? A period of lower production and higher unemployment. Often, but not always, a period of more than
GE Capital. Liquidity and Funding Overview. Global issuer of long and short term debt. 2012 third quarter
Liquidity and Funding Overview Global issuer of long and short term debt This document contains forward-looking statements - that is, statements related to future, not past, events. In this context, forward-looking
HSBC Global Investment Funds Global High Yield Bond
Important information: For certain classes of the Fund, the Fund may pay dividends out of capital or pay dividends gross of expenses. Investors should note that the payment of dividends out of capital
Canadian Life Insurance Industry
A.M. Best Company s 9 th Annual Insurance Market Briefing Canada Canadian Life Insurance Industry Edward Kohlberg, CPA, FLMI Senior Financial Analyst Richard McMillan Senior Financial Analyst September
ECONOMIC COMMENTARIES. A decomposition of NIBOR NR. 3 2015 KRISTIAN TAFJORD MARKET OPERATIONS AND ANALYSIS
A decomposition of NR. 3 2015 KRISTIAN TAFJORD MARKET OPERATIONS AND ANALYSIS The views expressed are those of the author and do not necessarily reflect those of Norges Bank This commentary discusses the
2014 Asia Securities Forum Presented by the Korea Financial Investment Association
2014 Asia Securities Forum Presented by the K O R E A I. Korean Capital Market I. Current Status II. Prospects II. Korean Financial Investment Industry C O N T E N T S III. Capital Market Regulations 2
Robeco High Yield Bonds
Important Information 1. Robeco High Yield Bonds (the Fund aims to provide long term capital growth. The Fund invests at least two thirds of its total assets in bonds, asset backed securities and similar
Gold Recap. Spread JAN6 FEB6 APR6 JUN6 DEC5 1.3 1.3 0.6-0.3 JAN6 - -0.7-1.6 FEB6-0.7-1.6 APR6-0.9. OI Gold. Chg.
Economic Data December 21, 2015 Country Economic Data Actual Expected Previous JPY All Industry Activity Index M/M Oct 1.00% 0.80% -0.20% JPY BoJ Monthly Report EUR German PPI M/M Nov -0.20% -0.20% -0.40%
International competition will change mortgage lending
Pentti Hakkarainen Deputy Governor, Bank of Finland International competition will change mortgage lending Nordic Mortgage Council Helsinki, 28 August 2015 28.8.2015 Unrestricted 1 Financial stability
Annual Borrowing Plan
20154 Bosnia and Herzegovina Federation of Bosnia and Herzegovina Federal Ministry of Finance Annual Borrowing Plan 2016 January 2016 www.fmf.gov.ba INTRODUCTION In order to increase transparency, fiscal
Main Indicators for the Finnish Economy
BANK OF FINLAND Monetary Policy and Research - Financial Markets and Statistics Main Indicators for the Finnish Economy 1/11 January 1 January 11 Monetary Policy and Research - Financial Markets and Statistics
Small Business Lending *
Reserve Small Business Bank of Lending Australia Bulletin Small Business Lending * These notes were prepared in response to a request from the House of Representatives Standing Committee on Financial Institutions
Main Indicators for the Finnish Economy
BANK OF FINLAND Monetary Policy and Research - Financial Markets and Statistics Main Indicators for the Finnish Economy 3/11 17 March 11 Main Indicators for the Finnish Economy is produced jointly by the
Ghana's Economic Performance 2010
GHANA STATISTICAL SERVICE (GSS) Statistics for Development and Progress Ghana's Economic Performance 21 i n f i g u r e s P.O. Box GP 198, Accra www. statsghana.gov.gh 211 Ghana's Economic Performance
Debt Markets Sell Off Despite RBA Silence
FINANCIAL MARKET UPDATE Debt Markets Sell Off Despite RBA Silence RBA leaves cash rate unchanged but local debt market sells off anyway Implied yields on 2006 bill futures strip up by between 6 and 20
Introduction to Interest Rate Trading. Andrew Wilkinson
Introduction to Interest Rate Trading Andrew Wilkinson Risk Disclosure Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures,
The table below shows Capita Asset Services forecast of the expected movement in medium term interest rates:
Annex A Forecast of interest rates as at September 2015 The table below shows Capita Asset Services forecast of the expected movement in medium term interest rates: NOW Sep-15 Dec-15 Mar-16 Jun-16 Sep-16
PRESS RELEASE REFINANCING OPERATIONS
PRESS RELEASE ECB PUBLISHES LEGAL ACT RELATING TO TARGETED LONGER-TERM REFINANCING OPERATIONS The European Central Bank (ECB) is publishing a legal act that has been adopted today relating to the targeted
CENTERPOINT ENERGY TEXARKANA SERVICE AREA GAS SUPPLY RATE (GSR) JULY 2015. Small Commercial Service (SCS-1) GSR
JULY 2015 Area (RS-1) GSR GSR (LCS-1) Texarkana Incorporated July-15 $0.50690/Ccf $0.45450/Ccf $0.00000/Ccf $2.85090/MMBtu $17.52070/MMBtu Texarkana Unincorporated July-15 $0.56370/Ccf $0.26110/Ccf $1.66900/Ccf
ECONOMIC COMMENTARIES
Negative interest rates: Central bank reserves and liquidity management NO. 5 TOM BERNHARDSEN AND KATHRINE LUND, MARKET OPERATIONS AND ANALYSIS The views expressed are those of the authors and do not necessarily
Main Indicators for the Finnish Economy
BANK OF FINLAND Monetary Policy and Research - Financial Markets and Statistics Main Indicators for the Finnish Economy /1 13 April 1 13 April 1 Monetary Policy and Research - Financial Markets and Statistics
Kames Absolute Return Bond Fund
Kames Absolute Return Bond Fund March 2014 Colin Finlayson Investment Manager, Fixed Income Kames Absolute Return Bond Fund Performance target: 3 month GBP LIBOR +2-3% p.a. net of fees over rolling 3 years
Chart 1.1 GDP for trading partners. Volume. Four quarter change. Percent. 2000 Q1 2015 Q2 15
Chart. GDP for trading partners. Volume. Four quarter change. Percent. Q Q Advanced economies Emerging economies 6 9 Sources: Thomson Reuters and Norges Bank Chart. Euro area. Consumer confidence and expectations
Appendix 1 to Fish Pool Rulebook. Product Specifications and Trading schedule for Trading at Fish Pool markets
Appendix 1 to Fish Pool Rulebook Product Specifications and Trading schedule for Trading at Fish Pool markets Table of contents General provisions:... 2 Product Specifications Forwards and Futures:...
2 CALCULATION OF BORROWING LIMITS
TARGETED LONGER-TERM REFINANCING OPERATIONS Updated modalities Following a decision by the ECB s Governing Council, the Eurosystem will conduct eight targeted longer-term refinancing operations (TLTROs)
2015 ONTARIO BUDGET Schedule of Debt
2015 ONTARIO BUDGET Schedule of Debt Outstanding Debt - Consolidated Summary Interim 2015 ($ Millions) Province OEFC 2014-15 2013-14 Debt Non-Public Debt Issued by the Province Guaranteed by the Province
Global Equity Trading Volumes Surge 36% in 1 st half 2015 driven by Mainland China
Global Equity Trading Volumes Surge 36% in 1 st half 215 driven by Mainland China Global Equity Trading Volumes Ex Mainland China Up 5% Mainland China Share Trading Vols Rise 166% in H1 215 vs H2 214 The
HSBC Asian High Yield Bond Fund
Important information: HSBC Asian High Yield Bond Fund (the Fund ) invests primarily in a broad range of higher yielding Asian fixed income securities and instruments. Investments of the Fund may include
Analysts and Investors conference call Q1 2014 results 15 May 2014
Analysts and Investors conference call Q1 2014 results 15 May 2014 DISCLAIMER This presentation has been prepared by Air Berlin PLC. No representation, warranty or undertaking, express or implied, is made
Inflation. Credit. Coincident indicator (Ita-coin) and Italian GDP (1) (percentage changes)
NUMBER 16 FEBRUARY 216 Economic activity and employment Foreign trade and competitiveness Inflation Credit The Public Finances Macroeconomic projections 1 7 8 11 12 Directorate general for economics, statistics
Registration no. 33 36 97 94
Registration no. 33 36 97 94 Viking Supply Ships A/S Financial Report Contents Page Summary of events 3 Operational highlights 3 Financial highlights 3 Financing and capital structure 4 Subsequent events
The Central Bank from the Viewpoint of Law and Economics
The Central Bank from the Viewpoint of Law and Economics Handout for Special Lecture, Financial Law at the Faculty of Law, the University of Tokyo Masaaki Shirakawa Governor of the Bank of Japan October
Appendix - OPERA SOFTWARE - IR DAY 2015
Appendix - OPERA SOFTWARE - IR DAY 2015 # Description 1 2012-2014 AdColony Historical Revenue 2 2014 Opera Advertising-AdColony pro-forma and Opera pro-forma 3 Breakdown of Opera Advertising Revenue: Video
JPMorgan Global Bond Fund. Global investing - A less volatile choice NEW. SFC-authorised global bond fund with RMB-hedged share classes*!
AVAILABLE FOR PUBLIC CIRCULATION NEW JPMorgan Global Bond Fund December 2015 Asset Management Company of the Year 2014 Fundamental Strategies, Asia + Important information 1. The Fund invests primarily
Economic indicators dashboard
AS OF NOVEMBER 17, 2015 Economic indicators dashboard Vist www.blog.helpingadvisors.com for the full commentary of the Economic Indicators Dashboard. MOST RECENT 3-MO. trend TYPICAL range EXTREME range
On the turbulences in the money and financial markets Governor Erkki Liikanen. Moscow University 10.10.2007
On the turbulences in the money and financial markets Governor Erkki Liikanen Moscow University 10.10.2007 1 Northern Rock Plc share price NORTHERN ROCK PLC 1400 1200 1000 800 600 400 200 0 Jan07 Feb07
October 2013 - Bottled Water Exports and Imports continue to grow!
October 13 - Bottled Water Exports and Imports continue to grow! Annualised exports for the year to October 13 continue an upwards climb following their break through NZD1m last month. Leading markets
DANMARKS NATIONALBANK DANISH GOVERNMENT DEBT MANAGEMENT POLICY
DANMARKS NATIONALBANK DANISH GOVERNMENT DEBT MANAGEMENT POLICY Strategy 2nd half of 2014 Published 24 June 2014 - Translation KEY ISSUES, 2ND HALF OF 2014 The strategy for the central government debt policy
FIRST COMMAND FINANCIAL BEHAVIORS INDEX
FIRST COMMAND FINANCIAL BEHAVIORS INDEX Third Quarter 2015 FIRST COMMAND FINANCIAL SERVICES, INC. with SENTIENT DECISION SCIENCE, INC WWW.SENTIENTDECISIONSCIENCE.COM POSITIVE TRENDING ON THE FINANCIAL
Update on HKEx Equity Derivatives Market. Derivatives Trading Global Markets Division 24 April 2015
Update on HKEx Equity Derivatives Market Derivatives Trading Global Markets Division 24 April 215 Exchange Participants Global Distribution Distribution of the Origins of HKFE Exchange Participants America
Volatility Tracker: No Surprises in Gold
11/22/2 : No Surprises in Gold 1. Comment News-making price changes in gold [11] have not been accompanied by any particularly noteworthy behavior in the options market. While it would be wrong to suggest
Brazil Economic Overview
Brazil Economic Overview New York Alexandre Tombini Governor February 2013 1 Macroeconomic Policy and Social Development Macroeconomic fundamentals, combined with adequate prudential policies and strong
Working Capital and the Financing Decision C H A P T E R S I X
Working Capital and the Financing Decision C H A P T E R S I X Limited 2000 Figure 6-1a The nature of asset growth A. Stage I: Limited or no Growth PPT 6-1 Dollars Temporary current assets Capital assets
Managing Currency Mismatch. May 2010
Managing Currency Mismatch May 2010 FX Volatility 2 Very High Volatility in Asian Currencies Currency Performance % 140 130 120 110 100 90 80 70 60 50 40 Jan-06 Jun-06 Dec-06 Jun-07 Dec-07 May-08 Nov-08
Changes to China s Renminbi Exchange Rate. Wednesday, August 12, 2015
Changes to China s Renminbi Exchange Rate Wednesday, August 12, 2015 WHAT HAVE CHINESE POLICY MAKERS DONE IN REGARD TO SETTING THEIR EXCHANGE RATE? Each day at 9.15am in Beijing the People s Bank of China
2015 FUZZY DAY CONFERENCE Facts that are Not Facts. The US dollar Safe Haven Myth and the United States Hedge Fund.
2015 FUZZY DAY CONFERENCE Facts that are Not Facts The US dollar Safe Haven Myth and the United States Hedge Fund Alessio de Longis 1 The Role of Currency in Institutional Portfolios, edited by Momtchil
Staying alive: Bond strategies for a normalising world
Staying alive: Bond strategies for a normalising world Dr Peter Westaway Chief Economist, Europe Vanguard Asset Management November 2013 This document is directed at investment professionals and should
What moves if oil moves? Be aware of indirect oil exposure and make use of it
What moves if oil moves? Be aware of indirect oil exposure and make use of it DR BERND MEYER CFA HEAD OF CROSS ASSET STRATEGY dr.bernd.meyer@ commerzbank.com Large changes in the oil price and elevated
Aurora Updates Aurora Dividend Income Trust (Managed Fund) vs. Listed Investment Companies
Aurora Updates Aurora Dividend Income Trust (Managed Fund) vs. Listed Investment Companies Executive Summary 21 January 2014 The Aurora Dividend Income Trust (Managed Fund) is an efficient and low risk
Investing in Bonds challenges and opportunities in 2015
For Financial Brokers and Advisors Only Investing in Bonds challenges and opportunities in 2015 March 2015 Andy Ivory-Corr, QFA, Grad Dip, CFP Head of Investments New Ireland Assurance What exactly is
Mainland GDP in Norway Annual growth. Per cent
The outlook for the Norwegian economy and the business sector in southwestern Norway Governor Svein Gjedrem Vats, October Mainland GDP in Norway Annual growth. Per cent 99 99 99 99 99 Sources: Statistics
Presentation on Results for FY 2015. Idemitsu Kosan Co.,Ltd. May 10, 2016
Presentation on Results for FY 2015 Idemitsu Kosan Co.,Ltd. May 10, 2016 Table of Contents 1. FY 2015 Financials (1) Overview (2) Segment Information 2. Forecast for FY 2016 Performance (1) Overview (2)