China's cotton crop expected to fall by 1M tons this year
Aug 20, 2015 10:29 am UTC| Commentary
The cotton price briefly shed somewhat more than 1% yesterday but was soon able to recoup this loss and ultimately closed largely unchanged at 66.5 US cents per pound. Despite weak Chinese demand, the cotton price has...
Gold price rises strongly on dovish Fed minutes
Aug 20, 2015 10:17 am UTC| Commentary
Gold has climbed this morning to a five-week high of a good $1,140 per troy ounce after having already gained by 1.4% yesterday. The price rally was sparked by dovish perceived minutes of the latest Fed meeting at the end...
Saudi Arabia exported considerably more crude oil in June
Aug 20, 2015 10:11 am UTC| Commentary
The crude oil imports climbed by 465,000 barrels per day, which in itself was already enough to drive stocks up by 3.2 million barrels. Imports exceeded 8 million barrels per day for the first time since early April and...
Oil prices nose-dive after surprising build in US crude oil stocks
Aug 20, 2015 10:09 am UTC| Commentary
Oil prices came under massive pressure yesterday. Brent shed more than 3% and is trading this morning at a seven-month low of less than $47 per barrel. WTI fell by a good 4% yesterday, and at $40.3 per barrel now finds...
Norges Bank to lower short rates
Aug 20, 2015 09:24 am UTC| Commentary Central Banks
Norwegian economy growth has been below trend for a couple of years now and unemployment on the rise since 2013. This means that the economy already is in a situation with considerable slack and low wage pressure....
More rate cuts by Norges Bank to come
Aug 20, 2015 08:55 am UTC| Commentary
There is no doubt that the oil related weakness is hitting the Norwegian economy. Manufacturing production is falling due to lower production in industries producing capital goods for the oil industry. Unemployment is...
Weaker SEK to boost Sweden Inflation?
Aug 20, 2015 07:24 am UTC| Commentary
Just like Norges Bank, the Riksbank should be content, if for other reasons. It is hoping that a weaker krona might boost inflation. Following last weeks somewhat higher-than-expected inflation figures for July, the SEK...
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