Middle East & North Africa Economics Update What to make of Saudi Arabia’s return to the bond market? Media reports suggesting that the Saudi central bank will issue bonds in greater volumes over the rest of this year have raised fresh concerns about the government’s seemingly relaxed response to the... 6th August 2015 · 1 min read
Commodities Update Weak demand to push soybean prices lower The continued fall in China’s pig herd is likely to undermine soybean demand growth over the second half of the year. Coupled with ample supplies, we think soybean prices will end the year lower. 6th August 2015 · 1 min read
Latin America Economics Update Crisis deepens in Brazil The economic and political troubles facing Brazil have deepened over the past few weeks. The good news is that we think the big falls in the prices of the country’s commodity exports are probably now... 6th August 2015 · 1 min read
Emerging Markets Economics Update Emerging Market Consumer Snapshot (Q3 2015) The falls in commodity prices over the past year have caused consumer spending to slow in many commodity-exporting countries, with Russia and Brazil being hit particularly hard. Only consumers in... 6th August 2015 · 1 min read
Metals Data Response World Gold Official Reserves (Jun.) Buying by global central banks picked up pace in June, with Russia once again particularly active. Going forward, we expect further official purchases to be one of several factors supporting the price... 6th August 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks fell again last week as refinery runs surged and imports fell slightly. But production rebounded slightly and stocks of gasoline rose. 6th August 2015 · 1 min read
Commodities Update Investor sentiment wanes Surging prices of a number of agricultural commodities from mid June to early July saw investors increase the number of net long non-commercial positions. However, recent improvements in the prospects... 6th August 2015 · 1 min read
China Economics Update Pork prices boost headline inflation Consumer price inflation is likely to have risen to an 11-month high in July on the back of surging pork prices. Volatility in food inflation aside, the bigger picture is that inflation is set to edge... 5th August 2015 · 1 min read
Global Markets Update Copper prices could eventually boost equities in Chile and Peru Our bullish view on copper prices suggests that stock markets in Chile and Peru could outperform over the medium-term, but persistently low oil prices look set to be an unwanted headwind for equities... 5th August 2015 · 1 min read
Metals Chart Pack Negative sentiment weighs on precious metal prices The prices of almost all precious metals fell sharply last month as sentiment towards commodities in general plummeted. A further slump in Chinese equities and unexpectedly weak Chinese PMI numbers... 4th August 2015 · 1 min read
Energy Update Obama and the EPA escalate the “war on coal” The rules set out by the US Environmental Protection Agency should ultimately serve to reduce demand for coal and put downward pressure on prices, even if there are lengthy legal challenges. 4th August 2015 · 1 min read
Commodities Chart Pack Commodities under siege The prices of almost all the major commodities fell sharply last month as sentiment plummeted, despite a deal to bailout Greece earlier in the month. Industrial metals and energy commodities suffered... 3rd August 2015 · 1 min read
Emerging Europe Economics Focus Why have Turkish exports performed so badly? The weakness of Turkish exports over the first half of this year can in part be pinned on temporary factors including bad weather, strikes in the automobile sector and problems in major trading... 3rd August 2015 · 1 min read
Commodities Weekly Relative calm after the storm Last week’s negative sentiment towards commodities spilled over into this week as the prices of most commodities fell further, albeit to a lesser extent. Even the upward revision to US GDP in Q1 and... 31st July 2015 · 1 min read
Commodities Update Plenty of upside for the price of lumber The price of US lumber fell almost 30% between the start of the year and mid-May, weighed down by a poor start to the year for US housing starts. After a brief rally in June, the price has slumped... 31st July 2015 · 1 min read
Industrial Metals Update Industrial metals weakness to hasten silver supply decline Silver might soon be in a shortage as low commodity prices prompt further capital expenditure cuts across primary and secondary mines. Silver is often mined as a by-product of copper, gold, zinc, and... 31st July 2015 · 1 min read
