Commodities Chart Pack Prices wobble on demand concerns Commodity prices dropped in the first half of July, despite a slight depreciation of the US dollar. Concerns about trade tensions were the main reason behind the falls. Lower trade volumes would lead... 1st August 2018 · 1 min read
Energy Outlook Headwinds building for oil and coal prices Energy prices have generally risen over the past few months, despite an appreciating dollar. Strong demand and, in the case of oil, fears about disruptions to supply have boosted prices. However, we... 31st July 2018 · 1 min read
Commodities Outlook Trade woes to continue to weigh on prices Concerns about a possible downturn in demand are expected to remain a factor weighing on most commodity prices in the coming months. There are now clear signs that China’s economy has entered a softer... 30th July 2018 · 1 min read
US Economics Update Mining boost to economic growth no flash in the pan Unlike the pre-tariff spike in soybean exports, the near-100% annualised surge in mining structures investment in the second quarter, which accounted for 0.4% points of the 4.1% annualised gain in... 30th July 2018 · 1 min read
Emerging Europe Economic Outlook Regional growth set to slow further We expect GDP growth across Emerging Europe to slow by more than most expect over 2019-20 and monetary policy is set to be tightened further than is priced into markets. The important exception to... 26th July 2018 · 1 min read
Middle East & North Africa Economics Weekly Markets weather US-Iran tensions, Egypt seeks oil hedge Financial markets across the MENA region have shrugged off the latest escalation of tensions between the US and Iran, although we doubt that this resilience will last. Meanwhile, news that Egypt will... 26th July 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil plunged last week due to a slump in net imports. Overall production was steady, but output in the shale regions continued to rise despite logistical constraints, which is... 25th July 2018 · 1 min read
Frontier Markets Wrap Weak balance sheets come into focus Market concerns over fragile balance sheets have forced policymakers in a number of frontier economies to take action over the past month. Strains in the balance of payments prompted the authorities... 25th July 2018 · 1 min read
Canada Economics Weekly Strong oil production masking weakness elsewhere The economy appears to have had a stellar month in May, with a potential monthly gain in GDP of almost 1% implying that growth over the second quarter as a whole was close to 3% in annualised terms... 20th July 2018 · 1 min read
Commodities Weekly Trade tensions likely to continue to weigh on prices There were further falls in most commodity prices this week as concerns about the negative impact on demand of heightened protectionism dampened investor sentiment. With Donald Trump threatening that... 20th July 2018 · 1 min read
Middle East & North Africa Chart Pack Regional recovery gathering steam The raft of quarterly GDP data released over the past month confirmed that the MENA region rebounded at the start of this year and more timely figures suggest that the recovery is gathering momentum... 19th July 2018 · 1 min read
Middle East & North Africa Economics Weekly Drop in oil prices keeps Bahrain in the spotlight The recent tumble in oil prices has raised the pressure on Bahrain to secure financial support from the rest of the Gulf and for the government to outline its fiscal consolidation plans. We still... 19th July 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil surged last week due to a rebound in net imports and lower demand from refineries. Production also increased, which is consistent with our view that rising US output will put... 18th July 2018 · 1 min read
Energy Update Oil prices still have further to fall The recent drop in oil prices is consistent with our view that growth in crude demand is likely to slow sharply over the next few years while supply should be ample. We still think that prices... 17th July 2018 · 1 min read
Middle East & North Africa Economic Outlook Recovery to gather pace The recovery in the MENA region will be stronger than most anticipate over the coming quarters. The Gulf economies are set to benefit from rising oil output and fiscal stimulus, while Egypt’s cyclical... 17th July 2018 · 1 min read
Middle East & North Africa Economics Weekly Aramco IPO up in the air, Egypt inflation jumps Reports that Saudi Arabia will scrap the Aramco IPO would, if confirmed, deal a symbolic blow to the Kingdom’s reform plans, but the economic impact should be limited. And the news flow on arguably... 12th July 2018 · 1 min read
