US crude oil production falls to lowest level since end of November 2014
Oct 01, 2015 09:01 am UTC| Commentary
Oil prices have gained by more than 1% this morning. Brent has risen to $49 per barrel and WTI to just shy of $46 per barrel. Russias military intervention in the Syrian conflict has increased the geopolitical risks, which...
Chinese PMI shows tentative signs of cyclical bottom
Oct 01, 2015 08:10 am UTC| Commentary
The Peoples Bank of China cut the required mortgage deposit from 30% to 25% for first-time buyers. This should add more fuel to the housing recovery. This adds to stimulus from interest rate cuts, reductions of reserve...
Deficit reduction to remain focused on France's expenditure cuts
Oct 01, 2015 07:35 am UTC| Commentary
The public deficit trajectory and strategy of France government have been left broadly unchanged since PM Valls took office and France gained two more years to comply with the Maastricht criteria. The government projects...
Oct 01, 2015 07:22 am UTC| Commentary
Policy divergence and US growth outperformance are likely to underpin the dollar, even if downside risks in China are realized."EUR/USD are forecast at 1.05 for year-end 2015 after the Fed held, but still parity is seen at...
China’s PMI will improve market mood
Oct 01, 2015 07:10 am UTC| Commentary
Chinas official manufacturing PMI came in better than expected, at 49.8 in September, slightly higher than 49.7 in the prior month, and will help improve the market mood in the near term. The production index rose by 0.6pt...
JPY likely to depreciate further against USD
Oct 01, 2015 07:09 am UTC| Commentary
Kikuo Iwata, Former Deputy Governor of the BoJ says, the Japanese economy is in a much weaker position than the current head of the BoJ Haruhiko Kuroda is trying to tell us and in the foreseeable future the BoJ will have...
Stronger GDP revision uplifts CZK
Oct 01, 2015 07:09 am UTC| Commentary
CZK gained against peers such as PLN yesterday after Czech GDP data for H1 2015 were revised stronger, Q1 growth was revised up 0.1pp to 4.1% y/y and Q2 0.2pp to 4.6% y/y. Stronger fixed asset investment numbers were the...
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