Commodities Weekly

Lack of ceasefire deal poses risks; gold at record

The apparent stall in the ceasefire talks between Israel and Hamas limited the fall in oil prices this week. While we think a deal wouldn’t be a game-changer for oil prices, a further breakdown in...

23rd August 2024 · 4 mins read

Africa Chart Pack

Africa Chart Pack (Aug '24)

GDP growth looks set for a modest pick up over the coming quarters as inflation falls back in most SSA economies and monetary easing cycles broaden out. The external environment will remain...

23rd August 2024 · 0 mins read

Commodities Update

Recycling’s role in securing critical minerals and metals

China’s announcement last week that it would curb exports of antimony, a critical mineral, was another example of global fracturing unfolding in the commodities arena. Recycling offers an obvious way...

21st August 2024 · 3 mins read

Global Economics Update

The implications of an Israel-Hamas ceasefire

The global macroeconomic risks surrounding a possible ceasefire deal between Israel and Hamas are asymmetric. An agreement – while having significant economic consequences for countries in the region...

19th August 2024 · 5 mins read

Commodities Weekly

Escondida strike; China tightens grip on antimony

The strike at the world’s largest copper mine, Chinese export curbs on another critical mineral and the iron ore price tumbling to a yearly low rocked metals and minerals markets this week. While we...

16th August 2024 · 4 mins read

Commodities Update

History rhyming, but won’t repeat, for EU natural gas

Developments in Ukraine have once again emerged as a key driver of EU natural gas prices. But a combination of lower gas use and the sourcing of alternative supplies in Europe means that the situation...

12th August 2024 · 4 mins read

Commodities Weekly

EU natural gas prices chart their own course

It was no surprise to see the global commodity price index fall and rise alongside the contortions in equity markets this week. But commodity prices have not all been in the same boat; whereas some...

9th August 2024 · 4 mins read

Africa Economics Weekly

Market turmoil and Africa, Uganda and Kenya rate cuts

Idiosyncratic factors seemed to play a bigger role than the recent global financial market turmoil in driving African markets this week. But while the fall in oil prices may be overdone, African...

9th August 2024 · 7 mins read

Middle East & North Africa Economics Weekly

The global market turmoil and the impact on MENA

Financial markets in the Middle East weren’t spared from the global sell-off earlier in the week. There could be a macro impact on the Gulf economies through the fall in oil prices, either via lower...

8th August 2024 · 7 mins read

Commodities Chart Pack

Commodities Chart Pack (Aug. 2024)

Commodities have not been immune to the recent turmoil in financial markets, with the prices of most industrial metals, agricultural, and energy commodities extending their downward trends over the...

7th August 2024 · 1 min read

Commodities Update

China, not a US slowdown, the key for industrial metals

Following another leg down in industrial metals prices, this time due to growing worries about a US recession and the broader financial market carnage, we still think that prices will fall further...

7th August 2024 · 3 mins read

Middle East & North Africa Economics Update

UAE’s to remain the Gulf’s star economy

The UAE’s economy has been the strongest performer in the Gulf over the past year or so and a robust non-oil sector should help the UAE retain its crown as the fastest growing economy in the region.

6th August 2024 · 4 mins read

Commodities Update

Sell-off in oil markets has gone too far

The sharp fall in oil prices over the past week shows that fears of a US recession have so far outweighed concerns about conflict in the Middle East. But we think that oil prices have fallen too far...

6th August 2024 · 3 mins read

Commodities Weekly

Oil prices rise on Middle East conflict, cut down by US

The oil market's fairly muted reaction to events in the Middle East this week only temporarily reversed the recent downward trend in oil prices. On the face of it, however, the risk of a spike in oil...

2nd August 2024 · 4 mins read

Africa Chart Pack

Africa Chart Pack (Jul. 2024)

GDP growth is likely to pick up over the coming quarters as inflation falls back in most SSA economies and monetary easing cycles broaden out. The external environment will remain challenging...

31st July 2024 · 0 mins read