IEA Predicts Lower Global Demand for Oil
The International Energy Agency (IEA) lowered its five-year forecast for global demand for crude oil saying that the current economic slump will keep demand in check until 2012. More
US Bond Demand on the Rise
According to the 16 primary bond dealers that trade directly with the US Federal Reserve, demand for Treasuries is on the rise.
“We have seen an incredible amount of demand,” said Richard Tang, head of fixed-income sales at primary dealer RBS Securities Inc. in Stamford, Connecticut. “A lot of it is asset reallocation, out of risk assets and commodities. It’s been significant.” More
Japan’s Industrial Production Rises 5.9%
Japan’s industrial output rose 5.9 percent in May compared to April making this the third consecutive month that output increased. More
ECB Expected to Maintain Current Rates
Analysts predict the European Central Bank will leave rates unchanged when the Bank meets later this week. The ECB recently auctioned 442 billion euro ($621.6 billion) and experts say more time is required for the benefits of the increased liquidity to work its way into the region’s financial system. More
