Financial investors increasingly skeptical about gold
Jun 15, 2015 09:51 am UTC| Commentary
Gold is still trading at around $1,180 per troy ounce as the new week gets underway and is thus continuing to ignore the ever escalating debt crisis in Greece.New negotiations between the Greek government and the EU at the...
Oil rig count in US fell for 27th week running
Jun 15, 2015 09:46 am UTC| Commentary
Oil prices are beginning the new week of trading down, Brent falling to $63.5 per barrel and WTI dipping below $60 per barrel. The reason for the downswing is the ongoing oversupply: according to the IEA, OPEC is currently...
Philippines remittances recovery loses momentum
Jun 15, 2015 09:32 am UTC| Commentary
The Philippines remittances recovery stalled in April, following a strong rebound in March. While remittances - which are reported in USD - continue to be weighed by the near 20% decline in EURUSD over the past year,...
India posts negative inflation in May
Jun 15, 2015 09:22 am UTC| Commentary
Indias WPI data released on Monday stood at -2.63%, is the lowest for 7th consecutive month. Despite higher prices of pulses, the food inflation was low, at 3.8%. Fuel price reduced to 10.5% and manufacturing prices...
US May IP data may show positive growth in manufacturing
Jun 15, 2015 08:04 am UTC| Commentary
Drop in oil price, appreciating US dollar, and mixed global demand, created unfavourable environment for the US industrial sector in past few months. As a result, industrial production could able to post only 1.9%y/y...
UK's CPI inflation likely to rebound to 0.0%
Jun 15, 2015 07:18 am UTC| Commentary
UKs CPI inflation data is likely to be released on 16th June. The CPI inflation is expected to move up to 0.0% in May, which was slipped into negative territory in April with a -0.1%y/y growth, estimates Standard...
Japan’s trade deficit likely widened in May despite higher export growth
Jun 15, 2015 06:51 am UTC| Commentary
Japan is set to release May trade data on 17 June, expecting 10% y/y growth. This may be result of increase in export growth to the US. Imports, in contrast, likely to remain sluggish in May, say Standard Chartered....
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