Currency War Series

Russia keeps interest rate unchanged as economy is waiting for inflation to decelerate

Dec 11, 2015 15:31 pm UTC| Commentary Central Banks

The Bank of Russia (CBR) decided to keep its key rate unchanged at 11.0%, in line with forecast and the split consensus. The press statement and Governor Nabiullinas news conference provided a clear description of the CBRs...

US retail sales solid in November

Dec 11, 2015 15:24 pm UTC| Commentary

The modest 0.2% m/m gain in headline sales in November was partly due to a price-related drop in gasoline station sales and a slight dip in the value of motor vehicle sales, which remain close to a decade high. In...

November retail sales shows a healthy US consumer demand

Dec 11, 2015 14:49 pm UTC| Commentary

US retail sales rose 0.2% m/m in November (previous: 0.1%), in line with forecast and one-tenth below median consensus expectations. Broad-based strength across many core categories drove the retail control group,...

November US retail sales a touch below expectations, but details are far more encouraging

Dec 11, 2015 14:43 pm UTC| Commentary

Retail sales rose by 0.2% in November according to the advance report, or just shy of the 0.3% expected by economists. Octobers 0.1% advance print was largely unrevised. Sales were higher after excluding autos (+0.4%...

Bank of England to hike rates in Q2 2016, likely in May

Dec 11, 2015 11:51 am UTC| Commentary Central Banks

The key takeaways from Thursdays meeting is that The Bank of England is now no longer tagging along with the Fed. The minutes show that As in previous months, there was a range of views among Committee members about the...

Supply deficit to lead higher cotton price in global market

Dec 11, 2015 11:18 am UTC| Commentary

The cotton price hit 3½-month high of more than 65 US cents per pound in mid of this month. Yesterday, the price level fell down to below 64 US cents due to fall in exports. Last week, only 78,700 bales of cotton...

Oil in Global Economy Series

Oil prices falls back to new 7-year lows

Dec 11, 2015 10:44 am UTC| Commentary

After yesterdays recovery in the Brent price, it again came under renewed pressure during the time of trading, today morning it finds itself at a new 7-year low at $39.5 per barrel. Sell-offs were triggered ahead by the...