Commodities Weekly Further rally in oil price may need stronger foundations This week’s big story has, of course, been the rebound in oil prices (to nearly $35pb) on unconfirmed reports that Russia and OPEC may finally be willing to agree coordinated cuts in output. We are... 29th January 2016 · 1 min read
Africa Chart Pack Headwinds strengthen in key African economies Recent figures have only strengthened our belief that the challenges facing Africa’s three largest economies are growing. Nigeria’s botched response to low oil prices has caused the currency to plunge... 28th January 2016 · 1 min read
Global Markets Outlook Has the tide turned? We do not think that the global economy is performing as badly as many believe. Indeed, our expectation is that growth in China this year is more likely to edge higher than collapse. With this in mind... 28th January 2016 · 1 min read
Frontier Markets Wrap A tough start to the year for frontier financial markets Frontier assets have had a difficult start to the year as fears over global growth caused fresh turmoil in financial markets. Oil producers have been particularly hard hit on the back of the collapse... 28th January 2016 · 1 min read
Energy Update Could Russia join OPEC in supporting oil prices? The jump in oil prices today (to a high of $35) on speculation that Saudi Arabia and Russia could soon agree to cut output is at least consistent with our forecasts of a rebound by year-end... 28th January 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil stocks rose to a record level last week, driven by another drop in refinery inputs. What’s more, despite lower refinery production, there was another large jump in gasoline stocks... 27th January 2016 · 1 min read
Global Economics Focus Are lower oil prices good or bad for the world economy? This Focus addresses two of the biggest concerns which have undermined confidence in the global economy and markets this year: worries over China and the further slump in the oil price. While... 27th January 2016 · 1 min read
Emerging Europe Economics Update Oil drags ruble down, politics weighs on zloty The fresh leg down in oil prices has caused the ruble to tumble, making it one of the worst-performing EM currencies so far this year. Elsewhere, mounting concerns about populist policymaking in... 27th January 2016 · 1 min read
Energy Focus Oil prices – how low can they go? There are a number of risks which could cause oil prices to slump to as low as $20 per barrel in the first half of this year. However, our central forecast is that the prices of Brent and WTI will... 26th January 2016 · 1 min read
EM Markets Chart Pack EM assets suffer most from market turmoil The recent volatility in global financial markets has had a disproportionate impact on emerging market (EM) assets. Equities have underperformed those in the developed world, dollar-denominated bond... 25th January 2016 · 1 min read
Energy Update A shaky start for US LNG The sharp drop in crude oil prices has led to markedly lower Asian liquefied natural gas (LNG) prices and poses a risk to the economic rationale of US LNG exports. That said, the flexibility of US... 25th January 2016 · 1 min read
Commodities Weekly Oil prices jump on Saudi comments and US blizzard After another poor start, the prices of industrial commodities ended the week on the up. The main positives were hints of additional monetary policy support from the ECB and the absence of any more... 22nd January 2016 · 1 min read
Europe Economics Weekly Can we believe the ECB this time? We said after December’s “Draghi disappointment” that we would take future verbal policy steers from the ECB with a healthy pinch of salt. But there are some good reasons to expect the President and... 22nd January 2016 · 1 min read
Energy Chart Pack No New Year cheer for energy commodities Negative sentiment towards commodities in general, high stocks, a warm start to winter in the US and renewed fears about the Chinese economy have all contributed to the downward pressure on the prices... 22nd January 2016 · 1 min read
Asia Economics Weekly Asia well-placed to ride out financial market storms Global markets have had a rocky start to the year with equities, emerging market currencies and oil bearing the brunt of the declines. The stock market falls are unlikely to have much of an impact on... 22nd January 2016 · 1 min read
Japan Economics Weekly Limited boost to corporate profits from cheaper oil Corporate profits have not risen much in response to lower prices of energy and other raw materials, as the gains have been highly concentrated in a few sectors. Looking ahead, the recent appreciation... 22nd January 2016 · 1 min read
