Fears about US oil storage capacity constraints seem overdone: Capital Economics
Mar 04, 2015 16:50 pm UTC| Commentary
Quotes from Capital Economics:- The EIAs weekly US Petroleum Report, released earlier today, shows that stocks of oil surged again last week. This is the sixth consecutive week that oil stocks have reached a new record....
US ADP data points to mild slowdown in jobs growth: Capital Economics
Mar 04, 2015 16:36 pm UTC| Commentary
Quotes from Capital Economics:- The 212,000 rise in US ADP private employment in Feb, down from 250,000 in Jan, suggests that the risk to our forecast that official payrolls rose by 230,000 (data due on Friday) are tilted...
US ISM non-manufacturing index suggests economy remains in good health: Capital Economics
Mar 04, 2015 15:53 pm UTC| Commentary
Quotes from Capital Economics:- US ISM non-manufacturing index was basically unchanged in Feb, at 56.9 versus 56.7 in Jan, mainly as a boost to activity from lower energy prices offset the disruptions caused by the West...
Mar 04, 2015 13:00 pm UTC| Commentary
Quotes from Nordea Across the Euro area 10-year yields rose (excluding Greek yields) ranging from 1 bp to 8 bp depending on the proximity to Germany. The surprise of the day was that Greece will get financing from the...
Societe Generale: UK gilts to underperform further
Mar 04, 2015 12:58 pm UTC| Commentary
Quotes from Societe Generale Position for 5s10s curve steepening as political risks support the front-end safe-haven bidwhile risk premium is inserted into 10Y. Position for wider 10Y breakevens. Linkers should protect...
Societe Generale: Sterling – OK for now, but dangers lurk
Mar 04, 2015 12:55 pm UTC| Commentary
Quotes from Societe Generale We recommend re-setting long-term strategic short positions in GBP/USD close to theelection, hopefully at a level close to 1.60. We favour trading any post-election sterling strength...
Societe Generale: Heavily short Copper
Mar 04, 2015 12:53 pm UTC| Commentary
Quotes from Societe Generale Chinese growth is known as an important driver for prices of base metals such as copper. The heavy short positions (chart on page 10) convey the unease about the deceleration of Chinese...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight