Coal price slightly recovered, more upside potential only in the medium term
Jun 24, 2015 09:15 am UTC| Commentary
The coal price has managed to recover somewhat in recent days, though at just short of $60 per ton it remains close to its six-year low on account of Chinas weak import pull.The market will remain oversupplied in the short...
Heavy rainfalls in the US lead to rising US wheat prices
Jun 24, 2015 09:10 am UTC| Commentary
The September contract for US wheat gained by 4.2% yesterday to 527 US cents per bushel. The heavy rainfall in the US growing regions in the past few weeks has increased the risk of plant diseases, thereby lending renewed...
Oil price under the spell of the nuclear negotiations, US inventory drop supports prices
Jun 24, 2015 09:09 am UTC| Commentary
Brent gained by nearly 2% in price yesterday and at just shy of $65 per barrel this morning is right back in the middle of the corridor in which it has been trading over the past two months.The nuclear negotiations with...
Bank of Japan targets inflation rate at 2%
Jun 24, 2015 08:55 am UTC| Commentary
Last night the Bank of Japan (BoJ) published the minutes of its May meeting. As had already been known the majority of central bankers expect the 2% inflation target to be reached during Q2 or Q3 2016. And everyone seems...
Weaker Mexican peso due to USD strength; sound macro policy guidelines
Jun 24, 2015 08:47 am UTC| Commentary
The Mexican peso traded with a slightly weaker tone yesterday on the back of generalized USD strength closing at USD-MXN 15.40. The peso disregarded the explicit guidance of the National Council of Financial Sector...
China to further tighten coal quality controls on 1 July
Jun 24, 2015 08:36 am UTC| Commentary
Chinas move to tighten coal quality, effective 1 January 2015, led to a significant decline in Chinas coal imports in Q1.Coal imports consumed by the domestic market were limited to coal with ash content below 40% and...
New regulation on domestic IDR transactions raises concerns
Jun 24, 2015 08:06 am UTC| Commentary
Regulation BI 17/2015 was issued as part of BIs efforts to clarify and implement Law No. 7 of 2011 on Currency, which requires the use of the IDR for domestic financial transactions. "We believe the new regulation is also...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects