Russia recession deepening, solid growth elsewhere
Jul 01, 2015 11:15 am UTC| Commentary
While Russia is sinking into recession, other countries are enjoying reasonable growth within the 2.5-3.5% range. Central Europe growth has been gaining momentum and now leads the region.Economic growth is expected in...
China: More easing to support growth stabilisation
Jul 01, 2015 11:08 am UTC| Commentary
The latest economic data point to continued soft growth into the second quarter, reflecting sluggish domestic as well as external demand. Fixed asset investment growth slowed more than expected to 11.4% YTD in May, a...
The first Fed rate hike is probably a red herring
Jul 01, 2015 10:35 am UTC| Commentary
Inflation has been below the Feds target for years and does not seem likely to exceed it in the near future. Simply put, Fed officials believe that the economy no longer requires extraordinary monetary support and also...
Euro area final manufacturing PMIs post highest reading
Jul 01, 2015 09:57 am UTC| Commentary
Euro area final manufacturing PMIs were confirmed at 52.5 in June, posting the highest reading since April 2014. Over the month, better output supported the headline rise, while new orders and employment remained broadly...
Massive increase in OPEC production puts oil prices under pressure
Jul 01, 2015 09:17 am UTC| Commentary
Oil prices find themselves under pressure this morning and are thus shedding most of yesterdays gains again. Brent has dropped to $62.5 per barrel and WTI to below $58.5 per barrel. Prices were given a boost yesterday amid...
USDA data lead to soaring grain and soybean prices
Jul 01, 2015 09:05 am UTC| Commentary
The figures published by the US Department of Agriculture (USDA) yesterday evening gave a renewed boost to the rally enjoyed by grains and oilseeds. US stocks of corn and soybeans as per 1 June were reported as being...
Gold price still unimpressed by now de facto Greek default
Jul 01, 2015 09:00 am UTC| Commentary
Gold dipped for a time to a 3½-week low of $1,170 per troy ounce yesterday but is trading slightly above this level again this morning.In euro terms, gold fell at times to 1,040 per troy ounce. As already announced...
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