Chicago PMI suggest a contraction in Midwest activity
Sep 30, 2015 14:54 pm UTC| Commentary
The Chicago PMI fell sharply to 48.7 in September from 54.4 last month, well below both consensus expectations (53.0) and forecast (53.5). Production (43.6, previous: 59) after having recovered over the summer. New orders...
Inflation and employment data heap pressure on ECB
Sep 30, 2015 12:20 pm UTC| Commentary
The euro-zones unemployment rate was revised up from 10.9% to 11.0% in July and it remained at that level in August, well above its 1999-2007 average of 8.8%. Among the regions largest economies, the unemployment rate fell...
Significantly lower coffee crop in Brazil supports coffee prices
Sep 30, 2015 12:06 pm UTC| Commentary
Lower estimates of the Brazilian forecasting agency Conab with respect to the almost complete Brazilian 2015/16 coffee harvest drove coffee prices up yesterday. What is more, the Council of Brazilian Coffee Exporters...
Sep 30, 2015 12:00 pm UTC| Commentary
Euro area HICP inflation declined back into deflation territory in September. Headline inflation was -0.1% y/y, down from +0.1% y/y in August. Core inflation was unchanged at 0.9% y/y in September, notes Danske Bank.The...
PBoC increases gold reserves by buying 16 tons in August
Sep 30, 2015 09:43 am UTC| Commentary
The gold price is trading largely unchanged at $1,125 and 1,000 per troy ounce this morning. Market participants will be focusing their attention today on several speeches to be given by members of the US Federal Reserve...
Weak external environment catches up Thailand
Sep 30, 2015 09:04 am UTC| Commentary
The Bank of Thailands August economic report states, the countrys domestic demand stayed largely within its recent range, external conditions remain weak and other domestic indicators are modest. The slowdown is...
Iraqi oil production continues to rise sharply
Sep 30, 2015 08:57 am UTC| Commentary
The aimless sideways trading on the oil market continues: prices climbed by just shy of 2% yesterday and are shedding some of these gains again today. Brent is trading at below $48 per barrel again, while WTI is priced at...
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