Trade War Series

Possible ECB monetary policy easing in March to benefit gold in euros

Jan 22, 2016 12:02 pm UTC| Commentary Central Banks

Appreciation in US dollar and stock markets, along with rebound in oil prices led the gold prices to drop below the $1,100 per troy ounce at the end of this trading week. However, gold in euro terms touched a 2-week high...

Eurozone’s PMI to recover in 2016

Jan 22, 2016 11:28 am UTC| Commentary

Eurozones January composite PMI declined from 54.3 to 53.5, falling to its lowest level since last February. The fall was larger than expected and it is likely to deteriorate further suggesting a slow growth in the...

Eurozone’s HICP inflation likely to average +0.1% in 2016

Jan 22, 2016 10:46 am UTC| Commentary

The eurozone economy has witnessed deteriorating inflation over the past years; however, the disinflationary period is seen fading away as core inflation started stabilizing in 2015, although at a very low...

Probability rises for Japan’s consumption tax hike in April 2017

Jan 22, 2016 10:28 am UTC| Commentary Economy

According to latest estimates from the Council on Economic and Fiscal Policy (CEFP), Japan is expected to have a 9.2 trillion yen deficit (1.7% of GDP) in the fiscal accounts of the central and local governments in FY18,...

Oil in Global Economy Series

Saudi Aramco calls $30/barrel oil irrational

Jan 22, 2016 10:18 am UTC| Commentary

Saudi Arabia since the oil price rout has been pursuing overproduction strategy and to push prices to such extend that high cost producers are forced to get out of the market. However, situation might be getting tense even...

Japanese manufacturing starts the year in positive tone

Jan 22, 2016 09:52 am UTC| Commentary

Japanese manufacturing sector probably started the year on a positive note according to purchasing managers report from Nikkei/Market economics. While the growth has been less than expected, it is important to note...

French public deficit likely to reach 3.5% of GDP in 2016, 3.2% in 2017

Jan 22, 2016 09:31 am UTC| Commentary

Frances public deficit has improved in the first three quarters of 2015. The main reasons for the improvement are a sharper drop in public investment and a lower debt servicing costs. Both the factors are likely to drop by...