Canadian manufacturing sales disappoint in September

Nov 16, 2015 15:20 pm UTC| Commentary

Canadian manufacturing sales took a tumble in September, declining 1.5%. This follows a downwardly revised contraction of -0.6% in August. In real terms, sales were down 1.6%, implying that the volume of sales was lower on...

Empire State manufacturing continues to struggle in November

Nov 16, 2015 15:15 pm UTC| Commentary

The Empire State manufacturing index came in at -10.7 in November (previous: -11.4), below forecast (-5.0) and consensus expectations (-6.5) for a modest bounce from last months reading. All indications point to a regional...

Global coffee deficit likely to widen in 2016/17

Nov 16, 2015 12:59 pm UTC| Commentary

Marex Spectron, a trading company, had issued a deficit forecast for the coffee market in 2015/16 last week. This is supported by Olam now. According to Olam, the global deficit of coffee is set to total 4.8 million...

Oil market likely to balance by 2016

Nov 16, 2015 12:40 pm UTC| Commentary

The Brent price has been inched up to $45 per barrel today morning after having hit a 2½-month low of $43.6 on Friday. The International Energy Agency (IEA) observes the oil market is over supplied. In 2016, the...

OECD countries’ oil stocks reached record high

Nov 16, 2015 11:51 am UTC| Commentary

Recovery is seen in the oil market at the start of the new week in response to the increased geopolitical risks due to the terrorist attacks in Paris on Saturday. The Brent price has been inched up to $45 per barrel today...

U.K. retail sales likely to fall in October

Nov 16, 2015 07:45 am UTC| Commentary

In the United Kingdom, the retail sales data for October is due this week. The sales increased by 1.7% month on month in September were above market expectation. The reading for October is likely to come down due to...

German’s ZEW sentiment likely to turn positive in November

Nov 16, 2015 07:16 am UTC| Commentary

November ZEW investor economic sentiment indicator for German will draw markets attention tomorrow. The indicator recorded 1.9% in October is expected to escalate to 8.4% in November for the first time in past 7 months,...