BoC seems neutral for this week’s policy statement

May 26, 2015 10:22 am UTC| Commentary

The BoC meeting on Wednesday is the main focus this week, although developments since the April MPR point to little prospect of any change in their neutral message. Last weeks activity and inflation data fit with the Banks...

ISO expects higher supply surplus on the global sugar market in 2014/15

May 26, 2015 09:31 am UTC| Commentary

The International Sugar Organization (ISO) has significantly raised its estimate for the surplus on the global sugar market in the current 2014/15 season. Instead of 620,000 tons, it is now expected to total 2.2 million...

Latest gold and silver price rise driven largely by speculation

May 26, 2015 09:24 am UTC| Commentary

Gold has dropped beneath the psychologically important $1,200 per troy ounce mark as the new week gets underway, finding itself under particular pressure from the significantly firmer US dollar. This is because the more...

Number of active US oil rigs has stopped falling of late

May 26, 2015 09:18 am UTC| Commentary

Oil prices are under pressure as the short week of trading begins. Brent has dropped to $65 per barrel and WTI to $59.5 per barrel. The main factor weighing on prices is the significantly appreciating US dollar. What is...

Singapore posts weak IP in April, but not that weak

May 26, 2015 06:59 am UTC| Commentary

April IP of Singapore came in weaker than expectations, declining 8.7% y/y, well below consensus ( -3.6%). On a seasonally adjusted m/m basis, output fell 5.8%. However, the bulk of the weakness was in the notoriously...

Greece – Stalling negotiations

May 26, 2015 05:32 am UTC| Commentary

There are growing signs that the Greek negotiations are stalling and that a deal could not be reached this week. A deal would provide Greece with all or part of the frozen funds of the Fifth Review (7.2bn) and probably...

Weekly Credit Update - 26 May, 2015

May 26, 2015 05:21 am UTC| Commentary

European credit indices ended the week a tad wider on the back of worrying signs from Greece that a default on the IMF-payment in June could be approaching. The iTraxx Main and Crossover-index ended the week with spreads...