Commodities Update Oil prices jump on the prospect of output cuts The price of oil rose sharply as oil producers surpassed market expectations by agreeing to cut supply by 1.8m barrels a day from January. Meanwhile, industrial metals prices rose further as investors... 13th December 2016 · 1 min read
Commodities Weekly Focus on the Fed statement and Trump’s reaction The prices of most industrial metals surged this week, largely due to increased investor interest. Strong China’s imports in November and the prospect of fiscal stimulus in the US further buoyed... 9th December 2016 · 1 min read
Commodities Weekly OPEC seal the deal Oil prices surged this week as OPEC surpassed expectations by confirming production cuts and announcing quotas for member countries. Given OPEC’s poor record on compliance, we are sceptical that the... 2nd December 2016 · 1 min read
Commodities Chart Pack Markets focus on the Trump positives Following the victory for Donald Trump in the US presidential election, commodity markets chose to focus on his promise of a large fiscal stimulus, including a substantial increase in infrastructure... 1st December 2016 · 1 min read
India Chart Pack Anti-corruption drive has further to run The government’s shock demonetisation announcement earlier this month was its boldest measure yet to tackle corruption and formalise large parts of the shadow economy, but it is unlikely to be the... 24th November 2016 · 1 min read
Commodities Weekly Commodities take stock After last week’s wild swings, the prices of most commodities stabilised this week. That said, positive comments from OPEC and Russian officials on the prospects for output cuts gave oil prices a... 18th November 2016 · 1 min read
Commodities Weekly Commodities swing wildly on Trump victory Although the prices of industrial commodities initially plunged and gold rose on the news of Donald Trump’s victory in the US election, sentiment reversed very quickly as the President-elect Trump... 11th November 2016 · 1 min read
Commodities Weekly US election taking centre-stage Energy and agricultural prices took a tumble this week, but for the most part industrial and precious metals performed well. Although the dollar fell, the depreciation was driven by uncertainty over... 4th November 2016 · 1 min read
Commodities Chart Pack Good news for industrials Clear signs of a cyclical pick-up in China boosted the price of the more industrial commodities last month and more than offset the negative impact of US dollar appreciation. In contrast, the price of... 1st November 2016 · 1 min read
Commodities Weekly Commodities looking for direction It was a relatively quiet week in commodity markets but the price of oil took a tumble as investors swung round to our more sceptical view on OPEC’s ability to reach an agreement on curbing production... 28th October 2016 · 1 min read
India Chart Pack Core price pressures remain elevated Much of the focus both before and after the RBI’s decision to cut the repo rate by 25bp (to 6.25%) in early October has been on the sharp fall in headline inflation over the past couple of months. But... 25th October 2016 · 1 min read
Commodities Weekly Commodities pause for breath Most commodity prices were little changed this week despite strong activity data from China. Indeed, the only industrial metals to record gains were tin and lead whose prices were buoyed by ongoing... 21st October 2016 · 1 min read
Commodities Update Industrials looking vulnerable to a turn in sentiment Commodity prices have generally risen in the last month, despite a further appreciation of the US dollar. That said, the likelihood of a US interest rate hike before end-2016 weighed on precious... 19th October 2016 · 1 min read
Commodities Outlook Near-term risks largely on the downside The recent more positive tone in commodity markets has been helped by a number of tailwinds that may be about to fade, if not reverse. The boost to Chinese demand from policy stimulus now already... 18th October 2016 · 1 min read
Commodities Weekly US dollar appreciation constrains prices The prices of most industrial commodities fell this week, as the US dollar continued to appreciate. Doubts about whether OPEC’s plans for an output quota will lead to any meaningful cuts to supply... 14th October 2016 · 1 min read
Commodities Weekly Energy prices shrug off US dollar appreciation Energy prices surged this week, despite the strength of the US dollar, as the physical markets appeared to be moving closer to balance from a position of oversupply. In most other commodity markets... 7th October 2016 · 1 min read
