UK is likely to have entered deflation in March
Apr 13, 2015 15:37 pm UTC| Commentary
CPI inflation (09.30 BST) figures for March will probably show that the UK has entered deflation. Admittedly, the 3.6% monthly rise in petrol prices in March, reflecting the rebound in oil prices, will add about 0.1...
UK government bonds offer better value relative to UK equities
Apr 13, 2015 15:24 pm UTC| Commentary
Elections are usually short term sources of volatility and the upcoming 7 May UK election assumes added significance due to its wide investment ramifications.At a time of ultra low government bond yields, equity is...
India CPI data raised the possibility of an interest rate cut outside the scheduled review cycle
Apr 13, 2015 15:05 pm UTC| Commentary
India consumer price inflation came in at 5.2% y/y in March, from 5.4% y/y in February, higher than most had expected.Consumer price inflation unexpectedly dropped in March as concerns over the impact of heavy rains on...
Dip in Indian inflation raises possibility of another unscheduled rate cut
Apr 13, 2015 12:26 pm UTC| Commentary
Indias Consumer price inflation unexpectedly dropped in March as concerns over the impact of heavy rains on food inflation proved unfounded. Core inflation remains low, and headline inflation is now comfortably below...
Recent price rises of gold and platinum speculatively driven to a large extent
Apr 13, 2015 12:00 pm UTC| Commentary
Gold is trading marginally above the psychologically important $1,200 per troy ounce mark as the new week of trading gets underway. As the CFTCs statistics on the positioning of speculative market participants on the COMEX...
Excessively high investor optimism about crude oil
Apr 13, 2015 11:56 am UTC| Commentary
Oil prices are getting off to a positive start to the new week of trading and are thus building on the gains they achieved last week. Brent is trading at a good $59 per barrel, WTI at $53 per barrel. Very high investor...
IMM Net Speculators’ Positioning as at 07 April 2015
Apr 13, 2015 11:52 am UTC| Commentary
USD longs have been consolidating in recent week below their recent highs though they remain at extremely elevated levels. EUR shorts have back-stepped from the previous weeks peak as the ECBs bond buying plan progresses...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects