Germany feels slowdown in China, but France sees small rebound

Sep 24, 2015 10:41 am UTC| Commentary

Germanys PMIs fell more than expected, pulled down particularly by lower manufacturing confidence, but the levels are still high indicating a growth rate around 0.4 % in the third quarter of 2015."Domestic demand appear to...

Norges Bank cut its rate, this is not likely to be the last

Sep 24, 2015 10:30 am UTC| Commentary Central Banks

NOK weakened significantly on todays decision and is already much weaker than Norges Banks Q4 forecast for import weighted NOK (I-44). Norges Banks forecast is 104,5 and currently I-44 is 107,6. This strengthens the case...

EU wheat prices rises due to dryness in Ukraine and Russia

Sep 24, 2015 09:58 am UTC| Commentary

According to the Ukrainian agricultural ministry, almost 26% of the grain acreage has been planted, 100,000 hectares less than the 2 million hectares that had already been sown by this time last year. 56% of the acreage...

China's FX intervention unlikely to sustain

Sep 24, 2015 09:22 am UTC| Commentary Central Banks

The Chinese authorities may have bought some time by implementing macroprudential measures to make it more costly and difficult for domestic entities to buy USD, but the efficacy of such measures will likely fade over time...

China drags global manufacturing confidence lower in September

Sep 24, 2015 09:10 am UTC| Commentary

Chinas performance continued to worsen as it fell to a fresh low since March 2009. The flash manufacturing PMI came in at a 78-month low of 47.0, led by a fall in the output sub-index to a six-and-a-half year low. New...

Shadow over diesel market short- and long-term

Sep 24, 2015 09:03 am UTC| Commentary

The scandal over manipulated emissions data in VW diesel vehicles will cast a long shadow over the diesel market because it could put the brakes on demand for diesel cars and thus reduce the consumption of diesel....

Slightly higher US oil production leads to disillusion

Sep 24, 2015 08:59 am UTC| Commentary

Yesterdays US inventory report caused oil prices to fall by a good $2 in the late course of trading. After all, the decline in crude oil stocks should really have suggested higher prices given that it totalled nearly 2...