Rainfall in Brazil improve prospects for coffee crop
Sep 29, 2015 09:17 am UTC| Commentary
Unlike the raw sugar price, coffee prices are responding negatively to the rainfall in the key growing regions of Brazil. Harvesting of this years coffee crop will soon be finished, so attention is shifting increasingly to...
Gold under pressure despite a weaker USD and falling stock markets
Sep 29, 2015 08:52 am UTC| Commentary
Despite a slightly weaker US dollar and equity markets that find themselves under pressure, in some cases considerable pressure, gold has dropped below $1,130 per troy ounce. In euro terms, gold is trading back below the...
Speculative net long positions in Brent rises to 9-week high
Sep 29, 2015 08:44 am UTC| Commentary
The Kuwaiti oil minister currently sees no basis for a meeting of OPEC and non-OPEC producers given that there is no willingness on the part of non-OPEC producers to curb their oil production."The battle for market shares...
No signs of voluntary production cuts from larger oil producers still
Sep 29, 2015 08:41 am UTC| Commentary
According to Fatih Birol, the executive director of the International Energy Agency, the oil price looks set to remain at its current level for quite some time. There are still no signs that the major oil producers might...
South Korea's current account surplus to reach USD84bn in 2016
Sep 29, 2015 07:51 am UTC| Commentary
SouthKorean governments efforts to recycle the current account surplus more aggressively are bearing fruit. On the external balance, the current account surplus remains elevated - the cumulative surplus for the first seven...
South Korean economy likely to post slow growth rate in 2015-16
Sep 29, 2015 07:42 am UTC| Commentary
South Koreas H1 soft patch extended well into Q3. Exports came under further pressure in July and August, as more weakness was seen in China and broader EM. With Q3 GDP growth likely to be below 1% q/q (Q2: 0.3%; Q1:...
Modest increase in U.K. September mortgage approvals likely
Sep 29, 2015 07:29 am UTC| Commentary
United Kingdoms credit and monsy supply data is scheduled to release today."The Money and Credit release of the country should show broad money growth (M4 exIOFCs) proceeding at a healthy pace of close to 4% 3mth p.a, more...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects