Metals consumption likely to continue rising in China on expected growth of investment
Mar 04, 2016 10:15 am UTC| Commentary
Chinas future commodity consumption will mainly depend on the path of its income growth. Chinas population, while its huge in terms of level, the growth is slowing. This implies that Chinas increased commodity consumption...
Fall in moving average of US initial jobless claims show low trend level of labor market separations
Mar 04, 2016 09:39 am UTC| Commentary
In the week ended 27 February, the initial jobless claims in the US increased to 278k, rising by 6k. This was moderately more than consensus expectations of 270k. The four-week moving average of initial claims fell to...

Oil in global economy series: Middle East customer base is more diversified than Russia
Mar 04, 2016 09:27 am UTC| Commentary
As oil price has dropped about 70% from its 2014 summer peak, all in all global oil producers are in tough position. However, situation and level of risks differs from region to region. Like biggest threat to Saudi Arabia...
US productivity growth continues to be sluggish
Mar 04, 2016 09:12 am UTC| Commentary
In the second estimate of Q4 2015 data the US nonfarm business output per hour was revised to -2/2% q/q saar. This report mainly shows revisions to nonfarm business output that were covered in the recent second estimate of...
Brazil’s real GDP likely to contract at lower magnitude in H1 2016, but downside risk remains
Mar 04, 2016 09:11 am UTC| Commentary
Brazils real GDP growth contracted 1.4% sa in Q4 2015, as compared with consensus forecast of a contraction of 1.6% sa and Barclays forecast of 1.3% sa contraction. The downward surprise in Q4 2015s real GDP was due to...
Oil prices likely to rise in H2 2016 as supply glut starts to contract
Mar 04, 2016 08:03 am UTC| Commentary
Oil prices are expected to have bottomed out in January and are likely to increase throughout 2016 and 2017. A sharper rise in the prices is expected in H2 2016 as the huge supply glut is beginning to shrink. We have...

Oil in global economy series: Asia’s long oil is biggest prize for producers
Mar 04, 2016 07:53 am UTC| Commentary
One of the many reasons, why oil price is struggling to recover is continued fight for market share among the top producers namely Saudi Arabia, Iran, Iraq and Russia. US can also be considered to have joined the fight...