U.K. August IP data hints moderate GDP growth rate in Q3

Oct 07, 2015 12:08 pm UTC| Commentary

U.K. industrial production rebounded in August after two consecutive months of decline, rising at its fastest pace since February 2014. Mining quarrying output (6.0% m/m, +0.9pp contribution) was the main driver, also...

Corn price rises to a 2-month high in anticipation of a lower US crop

Oct 07, 2015 09:39 am UTC| Commentary

Survey respondents anticipate that the USDA will downwardly correct both the corn yield and acreage estimates. So far, the USDA has estimated a figure of 13.6 billion bushels, which is 4.5% less than last year. However,...

US EIA raises forecast for global oil demand

Oct 07, 2015 09:37 am UTC| Commentary

Oil demand is growing more sharply than anticipated, as the US Energy Information Administrations (EIA) upward revision of its demand estimate yesterday showed. First and foremost it is likely to be US oil production which...

ECB sets out communication guidelines

Oct 07, 2015 09:20 am UTC| Commentary Central Banks

The ECB has set out guidelines for how board members should interact with the private sector, after a disagreement over information divulged by one of its board members at a private event earlier this year. In a press...

Gold pushes the entire precious metals sector up

Oct 07, 2015 09:16 am UTC| Commentary

The entire precious metals sector has made noticeable gains, with gold leading the way. Gold climbed to a 1½-week high of over $1,150 per troy ounce, crossing the technically important 100-day moving average in the...

Brent price rises 6% to a five-week high

Oct 07, 2015 09:05 am UTC| Commentary

Significantly greater risk appetite among market participants, the escalation of the conflict in Syria, a weaker US dollar or the breaking through of the psychologically important $50 mark - all of these are good...

IMF sees slower growth as economy adjust to lower commodity prices

Oct 07, 2015 07:50 am UTC| Commentary

In IMFs World Economic Outlook published yesterday ahead of the IMF/World Bank annual meetings in Lima."Global growth for 2015 is projected at 3.1%, 0.3pp lower than in 2014, and 0.2pp below the forecasts in the July 2015...