U.S. motor vehicle sales likely to have risen in April, consumption to rebound in Q2 – Barclays
May 02, 2017 16:05 pm UTC| Commentary
The U.S. motor vehicle sales for April is expected to have come in at 16.9 million at an annual rate after the April sales of Ford, GM, Fiat Chrysler, Nissan and Toyota, noted Barclays in a research report. This is not a...
China's factory sector loses momentum in April, Caixin manufacturing PMI hits 7-month low of 50.3
May 02, 2017 13:51 pm UTC| Commentary
Data released earlier on Tuesday showed that the China Caixin/Markit Manufacturing Purchasing Managers index (PMI) fell to 50.3 in April, missing economists forecasts of 51.0. Aprils data was a significant decline from a...
UK manufacturing growth beats forecasts, hits 3-year high in April
May 02, 2017 13:42 pm UTC| Commentary
British manufacturing PMI rose sharply in April aided by weaker pound. Data released earlier today showed Markit/CIPS UK Manufacturing Purchasing Managers Index (PMI) rose to 57.3 from 54.2 in March, beating forecasts...

US VIX declines to decade low as stock grinds to record high
May 02, 2017 13:09 pm UTC| Commentary
Chicago Board of Options Exchanges implied volatility index, popularly known as simply VIX index has touched the lowest point since February 2007 as the US stock indices grind higher. Over the past six trading days, the...

Commodities snapshot (precious & industrial)
May 02, 2017 12:34 pm UTC| Commentary
The metal pack is down today. Performance this week at a glance in chart table - Gold: Gold continuing its slide due to lack of demand over risk-on sentiment. Todays range $1252-1259 We expect the gold price to...

May 02, 2017 12:27 pm UTC| Commentary
Energy pack is mixed in todays trading. Weekly performance at a glance in chart table, Oil (WTI) WTI is struggling to gain grounds; there could be sell breakout ahead. We expect the WTI to reach $43 per barrel....

Currency snapshot (commodity pairs)
May 02, 2017 12:11 pm UTC| Commentary
Dollar index trading at 99.08 (-0.05%) Strength meter (today so far) Aussie -0.21%, Kiwi -0.13%, Loonie -0.05% Strength meter (since last week) Aussie +0.41%, Kiwi +0.73%, Loonie -0.23% AUD/USD Trading at...