Will the BOJ Be Next to Hike Rates?
The US current account deficit fell 3.1% to US$112.4 billion in the fourth quarter, its lowest level in more than a year. The fourth quarter current account deficit is 2.4% of GDP, down from 2.5% in third quarter. The current account deficit for 2016 stood at US$481.2 billion, a 3.9% increase from 2015. This accounts for 2.6% of GDP, a significant drop from record high of 6.3% of GDP in fourth quarter of 2005.
US mortgage application activity fell 2.7% to 406.8 in the week ending March 17 from 418.1 the week prior. It fell from a near four-month high as the cost for 30-year home loans rose to their highest level in three years. Read More
Are Central Banks Losing Relevance?
Asad Dossani discusses how central banks are no longer the primary drivers of financial markets. Read More
Doubled Your Money In D-Mart? Read This Before It's Too Late
Apurva breaks down the historic performance of initial public offerings in the context of D-Mart. Read More