Positive news from the Euro zone's economy

Jun 23, 2015 10:07 am UTC| Commentary

The euro-zone economy appears to be posting quite reasonable growth again in the second quarter.The index for the manufacturing sector rose from 52.2 to 52.5, while in the service sector the index picked up from 53.8 to...

Brazil likely continue tightening cycle

Jun 23, 2015 10:06 am UTC| Commentary

The weekly central bank survey shows that Brazils inflation continues to be under pressure.The highlight of the latest survey published on Monday shows that markets see inflation at 8.97% by the end of the year from 8.37%...

Plant condition of corn, winter wheat and soybeans deteriorates again in the US

Jun 23, 2015 10:01 am UTC| Commentary

The heavy rainfall in the US of late has prompted the US Department of Agriculture (USDA) to undertake a further downward revision of plant quality.Corn and soybeans gained by 1.9% and 2.1% respectively yesterday.The...

Central Bank of Turkey likely keep rates unchanged as lira calms down

Jun 23, 2015 10:00 am UTC| Commentary

The inflation outlook is deteriorating in Turkey because of past FX pass-through. Therefore, Commerzbank forecasts CBT to raise rates by 150bps to ensure a stable lira during H2 2015. Moreover, the CBT is expected to keep...

Platinum cheapest since March 2009, palladium price falls to 21-month low

Jun 23, 2015 09:55 am UTC| Commentary

Platinum and palladium were also dragged down by gold and in some cases weak base metal prices.Platinum dropped to around $1,060 per troy ounce, its lowest level since March 2009, while palladium hit a 21-month low of $695...

Possible agreement in the Greek debt dispute puts gold under pressure

Jun 23, 2015 09:51 am UTC| Commentary

The toing and froing of the Greek debt crisis is also keeping the precious metal markets on tenterhooks.Although no final agreement was reached, gold found itself under noticeable pressure. It is now hoped that a solution...

Singapore's May headline inflation stronger than expected

Jun 23, 2015 09:50 am UTC| Commentary

The slight pickup in Singapores headline inflation came on the back of marginally higher CoEs and petrol prices, while the drop in core inflation was due primarily to the 50% reduction in the Foreign Domestic Worker levy...