Energy Data Response US Weekly Petroleum Status Report US crude oil stocks rose last week due to a combination of lower refinery inputs and higher imports, which was only partially offset by lower production 2nd September 2015 · 1 min read
Commodities Update Industrial commodities set for strong recovery into year-end The relief rally in Chinese equities prompted by additional policy stimulus has turned global sentiment around, but a sustained recovery in commodity prices will probably require hard evidence that... 28th August 2015 · 1 min read
Japan Economics Weekly Equity sell-off to reverse soon The recent equity market sell-off in Japan, which originated in China, does not reflect a major deterioration in the economic outlook for Japan. In fact, there are signs that Chinese demand for... 28th August 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US stocks of crude oil fell sharply last week, but stocks of gasoline rose, despite more US refiners being offline for maintenance. 26th August 2015 · 1 min read
Commodities Focus Making sense of the commodity slump Investor sentiment towards commodities has rarely – if ever – been more negative. However, the recent sharp falls in prices can largely be seen as the continuation of trends in place since 2011. The... 26th August 2015 · 1 min read
Africa Economics Update Nigeria: Structural issues, not oil prices, drag down growth Yesterday’s Nigerian GDP figures showed that the country’s economy slowed even more sharply than weexpected in the second quarter. While low oil prices have battered the economy, the recent figures... 26th August 2015 · 1 min read
Middle East & North Africa Economics Update Gulf unlikely to be flustered by latest drop in oil prices The drop in oil prices over the past couple of months is unlikely to cause policymakers in the GCC countries to panic. The region’s large reserves mean that most countries are under little immediate... 25th August 2015 · 1 min read
Energy Update OPEC to resist calls to cut output We think that OPEC will remain steadfast in its policy of maintaining high output, despite the renewed slump in oil prices and the potential return of exports from Iran. 25th August 2015 · 1 min read
Middle East & North Africa Economics Update MENA equity markets take a bruising Equity markets across the MENA region have been hit hard over the past month against the backdrop of the general turmoil in global financial markets and a fresh drop in oil prices. 24th August 2015 · 1 min read
Japan Economics Update Plunge in oil prices will force BoJ to step up easing Further falls in crude oil prices are making it even harder for the Bank of Japan to hit its inflation target. Despite some sanguine comments from Prime Minister Abe today, we think these price falls... 24th August 2015 · 1 min read
Emerging Europe Economics Update What does the latest fall in oil prices mean for Russia? The latest plunge in global oil prices and the associated depreciation of the ruble have added to what was already a bleak picture for the Russian economy and reinforce our view that this year’s... 24th August 2015 · 1 min read
Africa Economics Update Nigeria: Oil not the only worry Nigeria’s economy has struggled this year, with the most obvious cause being the recent collapse of global oil prices. But this isn’t the only obstacle to faster growth in Sub-Saharan Africa’s largest... 24th August 2015 · 1 min read
Canada Economics Weekly Don’t bet on further big falls in the Canadian dollar Markets still appear to be speculating on further declines in the Canadian dollar versus the US dollar but, after a 20% decline over the past 12 months, we believe that there is little scope for any... 21st August 2015 · 1 min read
Commodities Weekly China panic spreads The negative sentiment prompted by the slide in the renminbi has been compounded by further weakness in Chinese equities and another soft reading of the country’s manufacturing PMI. What’s more... 21st August 2015 · 1 min read
Global Markets Update What next for the Norwegian krone? The Norwegian krone has been the worst-performing G-10 currency since the middle of last year – it has lost more than a quarter of its value against the US dollar. Still, given the prospects for the... 20th August 2015 · 1 min read
Middle East & North Africa Chart Pack Growing disparities in Gulf fiscal policy The past month has brought further signs of diverging attitudes in the Gulf to dealing with the fiscal headache caused by low oil prices. If media reports are to be believed, the UAE looks set to... 20th August 2015 · 1 min read
