Commodities Chart Pack Industrial metals steal the show A sharp downturn in oil prices dragged the broad commodities indices lower last month so that equities outperformed. That said, there were pockets of strength, with nearly all the industrial metals... 1st August 2016 · 1 min read
Commodities Weekly US dollar weakness supports prices Commodity prices generally drifted lower over the past week, although some support came later from a weaker US dollar. Indeed, the markets shrugged off disappointing US Q2 GDP data on Friday, given... 29th July 2016 · 1 min read
Canada Data Response GDP by Industry (May) Monthly GDP fell by a bigger-than-feared 0.6% m/m in May, as the Alberta wildfires triggered a massive slump in oil sands production. 29th July 2016 · 1 min read
Energy Chart Pack The music stops for oil, but coal picks up the tune It has been a mixed bag for energy commodities this month, with oil and US natural gas prices falling back due to oversupply, a stronger dollar and cooler weather. On the other hand, coal prices... 29th July 2016 · 1 min read
Emerging Europe Economics Update Inflation in EM commodity producers remains stubbornly high Inflation in a number of EM commodity producers has remained stubbornly high over the past few months. Accordingly, consensus expectations for monetary policy in these countries have moved towards our... 28th July 2016 · 1 min read
Latin America Economics Update Lat Am equities up despite softer commodities Equities in Latin America have outperformed those in the developed and wider emerging world so far this month, despite another dip in the prices of some global commodities. Meanwhile, Venezuela’s... 28th July 2016 · 1 min read
Industrial Metals Update Investors turn positive on industrials After dipping in the wake of the UK’s vote to leave the EU (Brexit), the prices of most industrial metals have rallied strongly since. They have shrugged off disappointing economic news out of China... 28th July 2016 · 1 min read
India Economics Update Rise in coal production belies longer-term challenges A jump in domestic production and fall in imports of coal this year have led some to suggest that thegovernment is on track to meet its target of doubling output from end-2014 levels by 2020. But the... 27th July 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (27th Jul. 16) Increases in domestic production and net imports helped US crude stocks build last week, while inventories of petroleum products fell on strong demand. 27th July 2016 · 1 min read
Energy Update Déjà vu for oil prices? The rally in oil prices over the first half of the year, combined with the recent pull-back, has mirrored the movements in prices in the first half of 2015. However, rather than prices continuing to... 27th July 2016 · 1 min read
Canada Economic Outlook Policymakers will struggle to boost economy The sharp drop in oil prices and the Canadian dollar have led to a rapid deterioration in Canada’s economic outlook, overwhelming the ability of policymakers to stabilise the economy with conventional... 27th July 2016 · 1 min read
Industrial Metals Update Off-exchange stocks may plug any gaps LME metal stocks have fallen since the start of the year, while for the most part ShFE stocks have risen. However, summing stocks on all the major exchanges, the big moves have been a 25% drop in... 26th July 2016 · 1 min read
Commodities Outlook Tougher few months in prospect Commodity prices have had a good few months, which is consistent with our relatively positive views on the medium-term outlook. The easing of fears about China’s economy has helped industrials, while... 26th July 2016 · 1 min read
Metals Data Response China and India’s gold imports (Jun.) Gold imports by China and India fell sharply in June. However, local gold premiums point to somewhat stronger demand in July. Higher prices and temporary factors have played a role in the weakness in... 26th July 2016 · 1 min read
Canada Economics Weekly Extent of wildfire disruption about to become clearer This is the week that we will finally discover just how badly the economy was hit by the Alberta wildfires in May, which caused the shutdown of the majority of oil production in the Fort McMurray area... 22nd July 2016 · 1 min read
Global Economic Outlook Life after Brexit For the world as a whole, the economic impact of the UK’s vote to leave the European Union should be negligible. Nonetheless, growth looks set to remain lacklustre in advanced economies. And with... 22nd July 2016 · 1 min read
