Energy Data Response US Weekly Petroleum Status Report Inventories of both oil and gasoline rose last week as demand slumped. Gasoline demand has been negatively impacted by higher prices and colder weather. 19th January 2017 · 1 min read
India Economics Update Decent start to 2017 Financial markets in India have made a relatively bright start to 2017. The rupee and bond yields have been stable, while equities have rallied so far in January. Looking ahead however, prospects are... 19th January 2017 · 1 min read
Australia & New Zealand Chart Pack External sector won’t fuel a rapid rebound The Australian economy has started to reap some benefits from the rise in key commodity prices towards the end of last year. Most obviously, the trade balance has swung into surplus for the first... 19th January 2017 · 1 min read
OPEC Watch Nigeria and Saudi Arabia pull OPEC output lower OPEC oil production fell last month, but this was partly due to temporary disruptions in Nigeria. Meanwhile, the group expects non-OPEC output to increase this year. 18th January 2017 · 1 min read
Precious Metals Update How sustainable is the recovery in the gold price? After slumping in the days following Trump’s win, the price of gold has since recovered some ground and is now trading at around $1,200 per ounce. However, we think that risks are now skewed to the... 18th January 2017 · 1 min read
Metals Data Response South Africa’s Mine Production (Nov.) South Africa’s overall mine production remained subdued in November, with all metals seeing a drop in output. The PGM market appears finally to be tightening but we think that it will take some time... 17th January 2017 · 1 min read
India Economics Update Trade deficit to remain in check India’s monthly trade deficit narrowed significantly in December, and a number of factors should ensure that it remains in check over the coming months. This should keep India’s financial markets... 16th January 2017 · 1 min read
Commodities Weekly Volatility returns to commodity markets After a quiet start to 2016, commodity markets have sprung into life. Late in the week, comments by OPEC members that they would deepen output cuts and possibly extend them until the end of 2017... 13th January 2017 · 1 min read
Commodities Update China’s commodity imports hit new records in 2016 China’s commodity import volumes remained high in December, corroborating data showing a pick-up in activity in the final months of 2016. However, the strength of imports cannot be attributed solely... 13th January 2017 · 1 min read
Precious Metals Update Central banks’ gold demand could remain subdued in 2017 The latest data show that central banks’ holdings of gold were broadly unchanged in November. However, year-to-date purchases remain substantially lower than in 2015 and this weakness could persist... 12th January 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks swelled last week as production and imports surged. Gasoline stocks also grew as refinery runs increased, but demand remained subdued. 11th January 2017 · 1 min read
Commodities Weekly Commodities looking for direction It has been a quiet start to 2017 in commodity markets. Investors appear to be taking a wait-and-see approach, ahead of the inauguration of President-elect Trump and more clarity on his policy... 6th January 2017 · 1 min read
Australia & New Zealand Economics Weekly Dollar decline is not as good as it looks The recent weakening in the Australian dollar to a seven-month low against the US dollar won’t boost activity and inflation by as much as you may think as it has not been matched by a weakening in the... 6th January 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude inventories plummeted last week as imports slumped. In contrast, gasoline stocks surged as demand waned. 5th January 2017 · 1 min read
Latin America Economics Update Fuel inflation spike won’t halt downward trend in headline rates Fuel inflation is set to spike in Latin America over the next few months. In most countries, this will be more than offset by the disinflationary forces caused by the stabilisation of exchange rates... 5th January 2017 · 1 min read
Energy Chart Pack Energy commodities bounce back Oil prices finished 2016 on a high as OPEC and some major non-OPEC producers agreed to cut production in the first half of this year. However, prices have already eased back in the first few days of... 5th January 2017 · 1 min read
