OPEC expects balanced oil market in 2016

Nov 10, 2015 13:21 pm UTC| Commentary

The IEA expects a further reduction in investment next year due to continious fall in oil price. Never before in the past 25 years have there been two years of declining investment. The IEA anticipates this to have an...

U.S. shale oil production down for eight months

Nov 10, 2015 13:14 pm UTC| Commentary

According to the World Energy Outlook published today, the International Energy Agency (IEA) believes that the oil price does not seem to reach to $80 per barrel before the end of the decade. The reason for this cited...

High inflation standing in Norges Bank's way

Nov 10, 2015 13:08 pm UTC| Commentary Central Banks

The underlying inflation rate in Norway currently stands at 3.1%. The Norges Bank believes the krone that is weaker than it had expected is mainly responsible for the development. The currency is highly volatile...

Weak industrial production to affect Turkish Lira

Nov 10, 2015 12:59 pm UTC| Commentary

Turkeys recent industrial production data disappointed in September as the output growth recorded a sharp fall of 2.8% y/y against 7.2% y/y in previous month. The data indicates the economy fell into serious recession...

Multi year highs in USD-ZAR

Nov 10, 2015 12:47 pm UTC| Commentary

SARB Governor Kganyago yesterday indicated that the recent contraction in the current account deficit will not be sustained over the next 2 years. On the contrary, SARB expect the current account deficit to average 4.5% of...

PBoC likely to cut rate further

Nov 10, 2015 09:25 am UTC| Commentary Central Banks

In China, PPI inflation posted negative growth rate of -5.9% yoy in October, which is straight contraction for 44 months. The producer goods index increased slightly to -7.6% from -7.7% previously. Similarly, the CPI...

Inflation expectations falling in Japan

Nov 10, 2015 07:23 am UTC| Commentary

In Japan, inflation rate is expected to weaker in future; therefore, the BoJ is unlikely to lower its current inflation target of 2% for H2 FY 16 at its January review. Household inflation rate is likely to post 2.5% in...