Energy Data Response US Weekly Petroleum Status Report US inventories of crude oil fell again last week, but by less than expected. On the other hand, gasoline stocks rose as refineries pumped out more fuel. 22nd June 2016 · 1 min read
Emerging Markets Economics Update Emerging Market Consumer Snapshot (Q2 2016) Consumer spending in the emerging world finally looks to have turned a corner, thanks mainly to the bottoming-out of consumer recessions in Russia and Brazil. Spending in Central and Eastern Europe... 21st June 2016 · 1 min read
Metals Data Response Global Steel Production (May) World Steel Association (WSA) data, released this afternoon, show that global steel output fell by a negligible 0.1%y/y in May. However, after a weak start to the year, production still fell by 2.2% y... 21st June 2016 · 1 min read
Industrial Metals Update China’s metals imports treading water China’s metals import demand in May remained robust but down from the highs reached in March. In some cases, lower supply and higher prices are acting as constraints on import volumes. 21st June 2016 · 1 min read
Metals Data Response Global Aluminium Production (May) According to the International Aluminium Institute, global primary aluminium output declined by 0.5% y/y in May. But the annual figure masks the underlying picture of higher prices continuing to... 20th June 2016 · 1 min read
Energy Update Increased US drilling activity to limit upside for oil prices Early signs that rising crude prices have induced oil companies to bring drilling rigs back online suggest that US output could rise sooner than previously thought, especially in light of the... 20th June 2016 · 1 min read
Commodities Weekly All about Brexit Worries about contagion from a UK vote to leave the European Union (‘Brexit’) have undermined the prices of riskier assets this past week, including oil and other industrial commodities, while... 17th June 2016 · 1 min read
Precious Metals Update Brighter times ahead for India’s gold demand India’s gold demand has undeniably been weak so far in 2016, but we expect buying to pick up later in the year due to the release of pent-up demand following a jewellers’ strike in Q2 and to the... 17th June 2016 · 1 min read
Energy Update Are renewables jumping the queue? A surge in investment in renewable energy capacity over the last few years has led to these alternative power sources taking market share from fossil fuels. This trend looks set to continue over the... 17th June 2016 · 1 min read
Industrial Metals Update Iron ore prices have further to fall The price of iron ore appears to have stabilised around $50 per tonne, after a dramatic run-up earlier this year. But we think prices will continue to ease back given oversupply and waning demand. 17th June 2016 · 1 min read
Industrial Metals Update Industrial and precious metals prices diverge The commodity price indices have risen in the last month, encouraged by rising oil prices and by a scaling back of expectations for US interest rate rises which in turn has weakened the dollar. But... 16th June 2016 · 1 min read
US Data Response Consumer Prices (May) Headline CPI inflation remained well below the Fed’s target in May, but base effects will push it well above 2% by early next year. Both headline and core consumer prices increased by a solid 0.2% m/m... 16th June 2016 · 1 min read
Africa Chart Pack Africa: Economic giants now contracting Both the Nigerian and South African economies contracted in Q1, and the latest activity figures suggest that things remained very grim going into Q2. In Nigeria, disruptions to oil output in Q2 have... 16th June 2016 · 1 min read
Energy Data Response Energy Data Response US crude stocks fell again last week due to lower imports and production. Demand for gasoline rose to an all-time high as low prices continue to stimulate consumption. 15th June 2016 · 1 min read
Precious Metals Update Negative yields to boost gold’s appeal as a reserve asset The commodity price indices have risen in the last month, encouraged by rising oil prices and by a scaling back of expectations for US interest rate rises which in turn has weakened the dollar. But... 14th June 2016 · 1 min read
Commodities Update Uncertain times ahead Commodity price indices have had another strong month, supported by positive investor sentiment and the rally in the oil price. However, sentiment started to sour more recently on mixed data out of... 14th June 2016 · 1 min read
