Nordic & Swiss Economics Update Rise in oil prices not all positive for Norway The recent rise in oil prices will provide some short-term support to the Norwegian economy, but the associated strengthening of the krone will hinder the economy’s rebalancing away from oil. We... 6th June 2016 · 1 min read
Commodities Weekly When bad news is good news… Metals prices bounced on Friday, led by silver, gold and copper, as the downbeat US payrolls report quashed expectations of a summer rate hike by the Fed and dragged the dollar lower again. This... 3rd June 2016 · 1 min read
Metals Chart Pack Strong dollar weighs on precious metals prices Precious metals prices fell across the board in May. A strong dollar on the back of upward revisions to US interest rate expectations was the main factor behind the poor performance of the sector... 3rd June 2016 · 1 min read
Metals Chart Pack Investors turn more cautious The prices of almost all the industrial metals fell in May. A combination of an upward revision to US interest rate expectations, a stronger US dollar and renewed concerns about China’s demand weighed... 3rd June 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil inventories slipped again last week as production continued to fall. Gasoline inventories were also dragged lower by strong demand. 2nd June 2016 · 1 min read
Emerging Europe Economic Outlook Regional growth to strengthen as Russia exits recession Growth in Emerging Europe is set to strengthen over the next few quarters, helped in part by the fact that the drag from Russia will ease as it exits recession. However, while the acute stage of... 2nd June 2016 · 1 min read
Commodities Chart Pack Supply concerns defy the dollar Following the release of the Fed’s May FOMC minutes, upward revisions to US interest rate expectations and a subsequent appreciation of the dollar brought the recent rally in many commodities prices... 1st June 2016 · 1 min read
Commodities Update Latest news from China unsettles commodities Another set of lacklustre China PMI surveys and recent falls in the renminbi against the dollar are weighing on the prices of many commodities again today. China’s economic recovery should still pick... 1st June 2016 · 1 min read
China Economics Update What difference would MSCI inclusion make? A decision to include mainland Chinese shares in MSCI’s global equity indices would cause ripples rather than waves in Shanghai and Shenzhen. 31st May 2016 · 1 min read
Precious Metals Update How low could gold and silver go? If precious metals continue to take their lead from the currency markets and if the US dollar surges in response to a June or July hike from the Fed, then the price of gold could slump to as low as $1... 31st May 2016 · 1 min read
Industrial Metals Update Cobalt prices should benefit from strong demand We have been positive on the outlook for cobalt demand for some time but, if anything, prospects are continuing to improve. Lithium-ion batteries, the majority of which contain cobalt, are rapidly... 31st May 2016 · 1 min read
Middle East & North Africa Chart Pack Few surprises expected at OPEC meeting This week’s OPEC meeting in Vienna is likely to pass without any major surprises. Policymakers should be a little happier heading into the meeting than they were at the previous one in December –... 31st May 2016 · 1 min read
Africa Chart Pack Nigeria: Crisis escalates The situation in Nigeria has deteriorated significantly over the past month. The latest national accounts figures show that the economy contracted by 0.4% y/y in Q1, a much worse outcome than had been... 30th May 2016 · 1 min read
Middle East & North Africa Economics Update Gulf equity markets stumble, despite oil rally Equity markets across the Gulf have struggled over the past month, in spite of a further recovery in oil prices. At the same time, speculation has increased that Saudi Arabia will devalue the riyal... 30th May 2016 · 1 min read
Commodities Weekly Rising oil doesn’t necessarily lift all prices Oil prices have continued to recover, with Brent at least briefly topping $50, but this positivity was not replicated across the board. Indeed, the recovery in oil probably contributed to the weakness... 27th May 2016 · 1 min read
Canada Economics Weekly Q2 slowdown isn’t just about Alberta wildfires After a strong start to the year, the economy likely ended the first quarter badly and we now believe that it shrank significantly this quarter, partly because of significant disruptions to oil... 27th May 2016 · 1 min read
