Temporary recovery of oil prices was driven by speculation
Sep 16, 2015 04:28 am UTC| Commentary
The ICE and CFTC statistics show that the previous increase in oil prices was largely attributable to short covering. Since mid-August, the number of speculative short positions in Brent on the ICE has fallen from...
Low oil prices not sustainable because they pose "a risk" to supply
Sep 16, 2015 04:27 am UTC| Commentary
The phase of high price volatility and falling prices continued on the oil market yesterday, the Brent price in particular shedding 3.7% and dropping below $47 per barrel. Alongside the disappointing economic data from...
India trade weakness continues
Sep 16, 2015 04:25 am UTC| Commentary
Indias goods trade deficit came in at USD12.5bn for August. The performances of both exports and imports remained in negative territory, with exports falling by 20.7% y/y while imports were down by 9.9% y/y. Gold imports...
UK CPI inflation likely to average 0.1% this year
Sep 16, 2015 04:16 am UTC| Commentary
Given the August consumer and producer price data came in largely in line with the forecast and consistent with the view that underlying inflation pressures remain fairly muted across the price chain, the inflation profile...
US industrial output remains sluggish, while motor vehicles distort headline
Sep 16, 2015 04:05 am UTC| Commentary Economy
US total industrial production fell 0.4% m/m in August. Manufacturing output fell sharply by 0.5% as the seasonal boost to July motor vehicle output was unwound. Motor vehicle and parts production fell 6.4% m/m in August...
US Q3 GDP tracking unchanged at 2.4% after July business inventories
Sep 16, 2015 04:01 am UTC| Commentary
US total business inventories rose 0.1% m/m in July. Retail inventories, the data first released with the business inventories report, expanded 0.6% m/m in July.Much of this growth, however, was driven by a second month of...
Canada housing's annual price growth likely to moderate 3% to 4% next year
Sep 16, 2015 03:59 am UTC| Commentary
Canadian housing market has outperformed general economic conditions through the first half of the year. With the economy in a technical recession, housing activity and new home construction continued to top long-run...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects