Precious metals lose a large part of their gains again
Dec 08, 2015 10:36 am UTC| Commentary
The precious metal markets are swinging on either sides of profits and losses. After sharp rise at end of last week, precious metals have lost most of their gains again. Gold slipped by 1% and is currently trading at...
China records its highest ever crude oil imports in November at 27.3 mn tons
Dec 08, 2015 10:30 am UTC| Commentary
The decline in US shale oil production plays an important role in medium and long term appraisal of oil prices as there still strong level of global oil demand. China recorded highest ever imports in November, at 27.3mn...
US shale oil production likely to fall further in January
Dec 08, 2015 10:23 am UTC| Commentary
The oil prices dropped yesterday after OPEC refrained from cutting down the production on Friday, along with other reasons like USD strength, declining US equity markets and the prices that dropped below key support...
Russian consumer turmoil likely to ease in 2016
Dec 08, 2015 09:42 am UTC| Commentary
Russian private consumption growth continued to be in negative zone through January-October 15, due to demand-side shocks impacts. Loans access to households became very limited with high interest rates.With high...
Rio Tinto slashes CAPEX budget amid commodity rout
Dec 08, 2015 09:38 am UTC| Commentary
Before a key Aluminium conference in London, Rio Tinto, Australias mining giant announced that it will be slashing the capital expenditure further next year and beyond. With no recovery in sight for commodities, this is...
BoE rate hike - sooner or later?
Dec 08, 2015 09:30 am UTC| Commentary Central Banks
UKs growth is comparable to that of U.S., andinflation is similar to that of Euro zone. Positve economic momentum will be shown throughthe central bank ratessooner or later. BoE recently indicated that it will raise...
USD/RUB and oil prices display remarkable correlation
Dec 08, 2015 09:20 am UTC| Commentary
CBR had adopted free float this year, and since then USD/RUB and oil prices dispaly remarkable correlation, which is not surprising. Energy products make up a huge share in Russian exports. The slippage in oil prices...
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