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...

Turkey's inverted yield curve reflects expectations of rate tightening

Sep 29, 2015 07:22 am UTC| Commentary

With USD/TRY rising to 3.06 during trading yesterday and bond yields rising sharply alongside, the liras woes are continuing this week. The shorter durations, for example, the 2-year yield, rose sharply by 22bps, while...

U.K. bank holiday boost to sales

Sep 29, 2015 07:21 am UTC| Commentary

The CBI Distributive Trades survey reports U.K. sales volumes compared to a year earlier. The balance of reported sales actually rose from 21 to 24 in August, even though the official data showed a fall in yoy growth from...