Reports of BOJ ETFs buying lifts Nikkei higher

The Japanese benchmark, the Nikkei 225 index, turns positive and reverts towards daily tops of 19,597.50, having staged a recovery from 19,498 lows. The recovery is mainly attributed to the latest headlines, citing that the Bank of Japan (BOJ) is said to be buying ETFs of the Japanese stocks.

May 19, 2017

US inflation expectations drop to lowest since November

The bond market’s gauge of inflation expectations, i.e. the 10-year breakeven rate, or the yield difference between 10-year Treasury Inflation Protect

US: Strong reading of Philly Fed Survey points to strong economic momentum - Nomura

Analysts at Nomura note that the US headline Philly Fed index rebounded strongly to 38.8 in May from 22.0 in April, above expectations (Nomura: 22.0,