Energy Market Review: Commerzbank
Mar 18, 2015 12:43 pm UTC| Commentary
Brent this morning is trading at $53 per barrel, i.e. only marginally above the six-week low it recorded at the beginning of the week. In other words, the "gains" generated by the contract rollover are already evaporated....
First hike from BoE likely in August
Mar 18, 2015 12:40 pm UTC| Commentary
The economy is growing at a solid pace, the slack in the labour market is diminishing and inflation is mainly being pulled down by temporary factors.The falls in energy and food prices should drop out of the inflation rate...
Appreciation of sterling worries the BoE MPC
Mar 18, 2015 12:37 pm UTC| Commentary
The most important news from the minutes is that the MPC has become a bit more worried about the appreciation of sterling.The minutes states that divergent monetary policy trends, as well as stronger prospects for growth...
Mar 18, 2015 10:39 am UTC| Commentary
No surprises from the BoE minutes as all nine MPC members voted to keep policy unchanged.Comments on GBP made a more prominent appearance given the currencys appreciation in February. The Committee acknowledged that...
Germany growth forecasts: Nordea
Mar 18, 2015 09:53 am UTC| Commentary
Nordea Research has released growth forecasts for Germany. It notes... We have raised our growth forecast for Germany quite substantially to 1.7% for this year (from 1.1%). It seems that we had become too pessimistic...
SNB likely on hold for now; but lackluster performance in EUR-CHF adds pressure to act
Mar 18, 2015 09:47 am UTC| Commentary
The SNB is likely to maintain the Libor target rate unchanged in its meeting this Thursday. However, the recent developments on the domestic-price front and EUR-CHF must have been perceived as very unwelcome by the central...
Significant downside risks in Europe from politics
Mar 18, 2015 09:44 am UTC| Commentary
Societe Generale notes the downside risks for Europe as follows: Our baseline scenario assumes Greece will not default, the UK will not hold a referendum on EU membership and that none of the key elections on the...
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