Commodities Weekly Brexit vote has a silver lining The price of gold has predictably done well in the wake of the UK’s surprise vote to leave the EU (‘Brexit’). But the real star of the show has been silver, whose price has already jumped by nearly 20... 1st July 2016 · 1 min read
Commodities Chart Pack Commodities brush off Brexit blues Commodities outperformed equities in June as the UK’s surprise vote to leave the European Union sapped risk appetite in global markets. Gold prices predictably benefited from the heightened... 1st July 2016 · 1 min read
Energy Chart Pack Falling oil supplies trump Brexit concerns The sharp drops in the prices of riskier assets, including oil, after the UK voted to leave the EU have dominated headlines. However, oil prices are now more or less back to their pre-Brexit levels... 1st July 2016 · 1 min read
Canada Data Response GDP by Industry (Apr.) The muted 0.1% m/m gain in real GDP in April, while in line with consensus expectations, is disappointing since it follows contractions in both February and March. Furthermore, the raging wildfires... 30th June 2016 · 1 min read
Global Markets Update Why have equity markets rebounded after the Brexit vote? There are several plausible reasons why the prices of equities and other riskier assets have recovered after the UK’s vote to leave the EU. Some of these may be temporary, notably short covering. More... 30th June 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US inventories of crude oil fell sharply in the week to 24 th June, on the back of constrained supply and higher refinery demand, but gasoline stocks rose again. 29th June 2016 · 1 min read
Energy Watch Oil demand to rise, despite Brexit Disruptions to oil supplies in Canada and Nigeria have been behind most of the rally in oil prices over the past month. However, demand has also been growing strongly and we do not think that Brexit... 29th June 2016 · 1 min read
Canada Economics Weekly Economic growth continues to misfire This week we expect to learn that monthly real GDP increased by a muted 0.1% m/m in April. Given that GDP contracted in both February and March, however, that would represent a disappointing rebound... 24th June 2016 · 1 min read
Commodities Weekly A relatively muted response to Brexit Unsurprisingly, the prices of most commodities have fallen in the wake of the UK’s vote to leave the EU. The main exception is gold, which has benefitted from renewed safe-haven demand as well as the... 24th June 2016 · 1 min read
Commodities Update UK vote for ‘Brexit’ not a game-changer for commodities The UK’s vote to leave the EU has predictably undermined the prices of industrial commodities, including oil (which initially fell by around 5% in US dollar terms) and copper (-3%), while boosting... 24th June 2016 · 1 min read
Latin America Economics Update $50pb oil still leaves Venezuela in deep trouble The recovery in global oil prices, coupled with a possible restructuring of debt repayments to China will help to ease some of the pressure on Venezuela’s economy but does not alter the bigger picture... 23rd June 2016 · 1 min read
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
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
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
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
