Oil in Global Economy Series

Oil in Global Economy Series: Shale oil break-evens for various oil producing regions in the United States

Mar 01, 2017 10:50 am UTC| Commentary

Since the onset of the decline in oil prices in the summer of 2014, the shale oil companies in the United States have taken up unprecedented steps to ramp up their efficiencies. Many went bankrupt, mostly small and...

Oil in Global Economy Series

Oil in Global Economy Series: Rising production in US continue to eclipse OPEC deal

Mar 01, 2017 10:19 am UTC| Commentary

The OPEC deal and the non-OPEC deal that was agreed last year and are being implemented since January this year to reduce production by as much as 1.76 million barrels per day continue to be undermined by the rise in the...

UK gilts plunge after investors shrug off lower-than-expected manufacturing PMI

Mar 01, 2017 10:06 am UTC| Commentary

The UK gilts plunged Wednesday after investors largely shrugged off lower-than-expected manufacturing Purchasing Managers Index (PMI) for the month of February. Also, investors will be eyeing the release of construction...

German bunds plunge on expectations of rebound in February CPI; jobless rate in focus

Mar 01, 2017 08:27 am UTC| Commentary

The German government bunds plunged Wednesday, following expectations of a rebound in the countrys consumer price inflation (CPI), scheduled to be released later in the day. Also, investors are eyeing the release of...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: Key commentaries from New York Fed President

Mar 01, 2017 07:34 am UTC| Commentary Central Banks

One of the most influential policymakers at the FOMC, the New York Fed President William Dudley, a known dove who has a permanent vote in the FOMC seems to be changing sides. Speaking on Tuesday he said that there has been...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: Key commentaries from San Francisco Fed President

Mar 01, 2017 07:11 am UTC| Commentary Central Banks

San Francisco Fed President John Williams said that he is confident that the economy would continue to grow at a healthy pace even if the Fed increases interest rates. He thinks that the Fed is very close to reaching its...

EUR/HUF likely to trade around 320.00 by end-2017, says Commerzbank

Mar 01, 2017 06:34 am UTC| Commentary Economy

CE3 economies are strongly geared to German demand; they export around 30 percent of their total exports to Germany and another 35 percent to other developed European Union nations. Still, the acceleration in German demand...