The Fed’s LMCI rises on strong October payrolls
Nov 09, 2015 15:46 pm UTC| Commentary Central Banks
The Federal Reserves Labor Market Conditions Index (LMCI) rose 1.6pts in October, mirroring the US labor market strength evident in last Fridays October employment report. Monthly estimates for Q3 were revised up by a...
Canadian new home construction moving at top speed
Nov 09, 2015 15:39 pm UTC| Commentary
Canadian housing starts declined to 198,065 annualized units in October, from a healthy 231,304 units in September. Given the rising importance of multi-unit construction, housing starts have become more unpredictable and...
Saudi Prince Abdulaziz is an oil bull
Nov 09, 2015 13:48 pm UTC| Commentary
According to Saudi prince and nations deputy oil minister, oil bears are likely to be proven wrong. The Prince sighted $200/barrel forecast, suggesting similar is in store for the oil bears and doom sayers. According to...
Weaker demand pushes US corn price to 2.5-week low
Nov 09, 2015 13:21 pm UTC| Commentary
In Chicago, the corn price ended at a 2½-week low of 373 US cents per bushel on Friday. The US Department of Agriculture (USDA) had released its export figures on Thursday. The figure showed a disappointing result...
Gold price under strong pressure
Nov 09, 2015 13:07 pm UTC| Commentary
In dollar term, the gold price fell to a three-month low of $1,086 per troy ounce on Friday and is thus nearing its end of July multi-year low. A marginally recovery is seen in this morning and still trading below the...
U.S. drilling activity on downward trend
Nov 09, 2015 12:46 pm UTC| Commentary
Brent is trading at below $48 per barrel as the week begins, while WTI is priced at less than $45 per barrel. In the wake of surprisingly strong US labur market data, the oil prices have come under pressure from a firmer...
Chinese crude oil imports continue to increase
Nov 09, 2015 12:35 pm UTC| Commentary
In October, China alone has imported 6.21 million barrels of crude oil per day. The volume is 9% less than previous month, the figure is 9% up on the year and year figure. Chinas total oil imports 275 million tons since...
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