Top Headlines

IMF Cuts Global Growth Forecast to 3.4% in Year of ‘Great Challenges’ – Bloomberg The International Monetary Fund cut its world growth outlook, as the commodities slump and political gridlock push Brazil deeper into recession, plunging oil prices hobble Mideast crude producers, and the rising dollar curbs U.S. prospects.

China Fourth-Quarter Growth Slows to 6.8 percent, Weakest Since 2009 – Reuters China’s economy grew 6.8 percent in the fourth quarter from a year earlier, matching expectations and the slowest since the global financial crisis, putting pressure on Beijing to roll out more support measures as fears of a sharper slowdown panic investors.

Report Criticizes Riksbank Inflation Measure, Urges Sweeping Changes – Reuters Sweden’s central bank should have a clearer role in policing economic threats like household debt levels, a long-anticipated report said on Monday, while recommending a change to an inflation target that may allow less aggressive monetary policy.

Deutsche Bank to Face British Lawsuit Over High-Speed Trading – New York Times (subscription) Deutsche Bank, already troubled by lawsuits and official investigations, faces another challenge. A group of lawyers said on Monday that they planned to sue the company in British court, accusing the bank of using high-speed trading software to profit in foreign currency markets at the expense of customers.

BOE’s Vlieghe Patient on Timing of Rate Increase – Bloomberg Bank of England policy maker Gertjan Vlieghe said he’s “patient” on interest rates and wants to see evidence of stronger price pressures before tightening policy.

Greece: Pensions Row Brewing With IMF – Kathimerini Following reports that the IMF is unconvinced by the Greek government’s pension reform proposals, Fin Min Tsakalotos on Monday called on the Washington-based organization to make its position clear in public and to help avoid delays to the upcoming bailout review.



Regulatory News

Regulatory Changes Improving Swap Market Liquidity: Study – Profit & Loss A new Bank of England Staff Working Paper argues that recent regulatory change has had a positive impact on the global interest rate swap market by both improving liquidity and reducing transaction costs.

EU Securities Chief Says One-Year Mifid II Delay May Not be Enough – Reuters Europe’s top securities regulator expects the European Commission to propose a delay to the introduction of sweeping new trading rules “within weeks” but warned on Monday that a 12-month postponement may not be enough.



Company News

Knight to Work with XTX Markets – Profit & Loss XTX Markets has announced it has “secured the services” of Market Partners  and its director, Chris Knight, to lead its e-FX sales push in the Asia-Pacific region. The engagement begins at the end of the month.

TradAir Appoints Bahuguna – Profit & Loss TradAir has appointed Vibhanshu Bahuguna as its new regional manager for APAC.



Market Savvy  

European Stocks Snap 3-Day Decline as Commodity Producers Rally – Bloomberg Gains in miners and exporters buoyed European stocks from their lowest level in more than a year, amid bets that China will act to support its weakening economy.

Report Sees Changing Bond Markets – Profit & Loss A new report from the Tabb Group says that 2016 is shaping up to be the year of fundamental and organic market structure changes for the US OTC fixed income markets.

IEA Sees Risk of World Drowning in Oil – Bloomberg Global oil markets could “drown in oversupply,” sending prices even lower as demand growth slows and Iran revives exports with the end of sanctions, according to the International Energy Agency.

A Hint of Trouble in European Debt – Wall Street Journal (subscription) Corporate-bond spreads rise to levels typically seen in recessions.

Loonie Tunes: Citi Warns Dollar Could Hit C$1.66 – Financial Times (subscription) The US dollar is already flying high against its Canadian cousin, trading at around C$1.4460. If that’s not enough to make you wince, Citi is warning that a rise to C$1.66 is “not out of the question”.



Press Releases

FlexTrade Adds Two – Profit & Loss FlexTrade has made two appointments to its sales team in Europe. Glen Sargeant and Marek Lewandowski are joining the firm as FX sales managers for the company’s EMEA region.



Industry Events