Silver consolidation continues
Jun 01, 2015 16:47 pm UTC| Commentary
BofA Merrill Lynch:While Silver continues its year-to-date consolidation between 17.70/15.92, its conclusion is drawing near. We are looking for one last "e"leg up, which should not break the May-18 high at 17.79.We will...
India Q1 2015 GDP gives a mixed signal
Jun 01, 2015 16:43 pm UTC| Commentary
India released its Q4 FY15 (Q1 2015) GDP data on Friday, 29 May. The GDP growth rate for the quarter printed at 7.5% yoy, a tad higher than market expectation of 7.3% yoy.The full year (Apr14-Mar15) GDP growth was 7.3%...
US ISM data confirms rebound in US growth
Jun 01, 2015 16:33 pm UTC| Commentary
An increase in the US ISM index in May underpins the expectation that the economy is rebounding into Q2.The details of the report were also good with the second increase in new orders index in a row. It rose from 53.5 to...
ISM data suggests "green shoots" that were only tentative in April have become apparent in May
Jun 01, 2015 15:28 pm UTC| Commentary
The Institute for Supply Management (ISM) manufacturing index rose by 1.3 points to 52.8 in May ahead of market expectations for a 52.0 print. Details of the report were encouraging with eight out of ten indexes...
U.S. construction spending beat expectations, increase was broad-based
Jun 01, 2015 14:57 pm UTC| Commentary
U.S. construction spending, for a change, beat expectations and this time, by a long shot. Total spending grew 2.2% in April, the biggest monthly gain since May 2012 and the third increase in a row (Marchs 0.6% decline was...
U.S. consumer spending starts Q2 on the back foot
Jun 01, 2015 14:49 pm UTC| Commentary
U.S. personal income rose by 0.4% m/m in April, slightly above market expectations for 0.3%. Personal spending remained flat in nominal terms, below the consensus forecast of 0.2%. The personal consumption expenditures...
Jun 01, 2015 14:42 pm UTC| Commentary
Western Union notes:The dollar saw some of its session gains evaporate after subdued news on inflation and consumer spending suggested an even lower risk of an imminent Fed rate hike. Core inflation slowed to an increase...
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