Latin America Chart Pack Mexico turning the corner The past month has brought signs that Mexico’s economy is finally turning the corner. latestdata suggest that the Mexican economy has turned the corner. GDP expanded by a seasonally-adjusted 1.0% q/q... 28th August 2014 · 1 min read
Middle East & North Africa Chart Pack Dubai's GREs slowly tackling their debt problems Over the past month Dubai’s government-related entities (GREs), which were at the heart of the Emirate’s crisis in 2009, have made further efforts to tackle their huge mountains of debt. The recovery... 28th August 2014 · 1 min read
Commodities Update Gold price unlikely to rally on seasonal factors alone This is the time of year when the gold price is traditionally assumed to be boosted by a seasonal pick-upin demand. Some months have tended to see larger changes in the price of gold than others, but... 28th August 2014 · 1 min read
Commodities Update Will the gold price continue to stagnate? The current strength of equity prices has left gold in the shade and we are lowering our price forecastsfor the precious metal accordingly. But we still expect the positives to outweigh the negatives... 27th August 2014 · 1 min read
Emerging Europe Economics Update Drop in oil prices underscores Russia’s vulnerabilities The fall in oil prices over the past month poses another headwind for Russia’s struggling economy. The drop in prices is unlikely to have a major bearing on the outlook for the rest of this year –... 22nd August 2014 · 1 min read
Commodities Update Demand worries continue to cloud near-term outlook The flash PMIs for China and the euro-zone in August are perhaps not as worrying as some of the headlines might suggest, but they do underline the downside risks to commodity demand from Asia and... 21st August 2014 · 1 min read
Commodities Update Have palladium prices further to climb? The recent rise in palladium prices can be attributed to actual and potential disruptions to supply andto solid demand growth. But the scale of the price increase is looking increasingly hard to... 20th August 2014 · 1 min read
Commodities Update US shale boom to continue to lift oil production Improvements in drilling technology and processes have continued to boost US shale oil output, evenwhen the number of rigs actually drilling has remained flat. These improvements should reduce... 19th August 2014 · 1 min read
Commodities Update What’s behind the decline in oil prices? Reports that Ukrainian forces have attacked a military convoy from Russia have pushed up oil prices today, but the bigger picture is that they remain much lower than only a few weeks ago. We suspect... 15th August 2014 · 1 min read
Commodities Update Can China’s steel producers export their way out of trouble? Despite weak domestic demand, China’s steel industry continues to raise output. Exports are providing an outlet for some of the oversupply, but this is only a partial solution. Prices will remain... 14th August 2014 · 1 min read
Commodities Update Have grain and soybean prices hit a floor? There is still scope for some small falls in nominal grain prices and larger ones in soybean prices in themedium term, especially if oil prices continue to fall back. Over the longer term we also... 12th August 2014 · 1 min read
Commodities Update Russian ban to put downward pressure on food prices The enactment of import bans by Russia on agricultural commodities from a number of Westerncountries should put downward pressure on international food prices over the next year, withcommodities such... 8th August 2014 · 1 min read
Commodities Update Soybean imports likely to fall next month China’s imports of key commodities were mixed in July, reflecting opportunisticbuying, the slowdown in the property sector and lower import activity related tofinancing deals. 8th August 2014 · 1 min read
Commodities Update Slump in US natural gas prices only temporary Mild summer weather in the US combined with an increase in production has pulled down US naturalgas prices over the last few months. However, we think that in the long term, higher demand from... 6th August 2014 · 1 min read
Commodities Focus What next for commodity price correlations? The perceived wisdom is that the very high correlation between commodity and equity pricemovements during 2009-12 was an aberration caused by the global financial crisis and itsramifications. We do... 4th August 2014 · 1 min read
Commodities Chart Pack Supply factors pull down commodity prices An increase in oil supply from Libya outweighed an increase in geopoliticaltensions elsewhere causing oil prices to fall in July, whilst continued goodweather in the US led to a drop in the prices of... 1st August 2014 · 1 min read
