INR corporate bonds are an attractive alternative to IGBs

May 27, 2015 10:30 am UTC| Commentary

The Indian LCY corporate bond market is one of the largest in Asia, after Chinas and Koreas (Figure 3). It is also arguably deeper and more liquid than all other LCY corporate bond markets in South/Southeast Asia. It has...

Trade balance not yet responding to the BRL depreciation

May 27, 2015 10:00 am UTC| Commentary

The improvement in the current account balance of Brazil (dollar terms) has occurred without any visible improvement in the trade balance year-to-date and despite the fact that imports have contracted heavily during this...

The UK economy after the election

May 27, 2015 09:26 am UTC| Commentary

While the Conservatives victory removed some of the uncertainty hanging over the economy, it has some more worrying implications - such as the renewed fiscal squeeze and the EU referendum. But we think that the recovery...

Surprisingly good plant conditions push US wheat price lower

May 27, 2015 09:24 am UTC| Commentary

Despite the heavy rainfall in the US wheat growing areas, the US wheat price shed nearly 4.5% yesterday to close at 493 US cents per bushel - the first time in two weeks that it has fallen below the 500 US cents per bushel...

Gold and silver fall to 2-week lows

May 27, 2015 09:22 am UTC| Commentary

Gold and the other precious metals were unable to resist the selling pressure on the commodities markets yesterday and likewise suffered significantlosses. The firm US dollar was chiefly to blame for the sliding prices, as...

Brent oil price falls to lowest level in more than a month

May 27, 2015 09:19 am UTC| Commentary

A significantly appreciating US dollar put pressure on commodity prices across the board yesterday. Brent shed just shy of 3% and closed trading at $63.7per barrel, its lowest level in at least a month. WTI fell to a...

Australia's Q1 mining capex still sliding, but focus is on plans in other industries

May 27, 2015 09:16 am UTC| Commentary

Given the medium-term investment plans of the mining sector and considering the relentless declines in both iron ore and coal prices in the latter part of 2014, a further sharp decline in mining investment looks almost...