Canada Economics Weekly Extent of wildfire disruption about to become clearer This is the week that we will finally discover just how badly the economy was hit by the Alberta wildfires in May, which caused the shutdown of the majority of oil production in the Fort McMurray area... 22nd July 2016 · 1 min read
India Chart Pack Capital injections too small to revive banking sector The government’s announcement this week that it will inject more capital into local banks is a positive step, but the amount is still too limited to revive the ailing sector. 22nd July 2016 · 1 min read
Commodities Weekly Dollar strength takes some steam out of prices With a few exceptions, the prices of industrial commodities have taken another hit this week, pressured by profit taking and renewed strength in the US dollar. Meanwhile, the ECB’s decision to keep... 22nd July 2016 · 1 min read
Energy Watch Glut of oil products to weigh on demand for crude The tightening of the oil market since the start of the year has been the main driver of the price rally over the last few months. However, there are valid concerns that stocks of oil products are... 21st July 2016 · 1 min read
Frontier Markets Wrap Low oil prices hitting home Oil prices have been low for some time now, but the past month has brought further evidence that this new reality is starting to hit home in energy-exporting frontier markets. Recently-released data... 21st July 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (20th Jul. 16) Higher demand from refineries helped to pull down crude stocks last week. But greater production of gasoline caused motor fuel inventories to rise. 20th July 2016 · 1 min read
Commodities Update Commodities benefit from greater risk appetite The metals, both industrial and precious, have been the star performers this month as investor sentiment improved. Meanwhile, the return of supply that had been lost to unanticipated outages weighed... 19th July 2016 · 1 min read
Middle East & North Africa Economics Update Strains in Saudi Arabia’s balance of payments starting to ease Saudi Arabia’s current account position deteriorated at the start of this year due to lower oil prices, but even taking this into account the underlying balance of payments position improved. We... 14th July 2016 · 1 min read
Canada Economics Weekly Business investment not coming to the rescue The latest Bank of Canada surveys support our view that falling business investment, particularly in the oil and gas sector, will weigh on the economy in the second half of the year. Making matters... 8th July 2016 · 1 min read
Energy Update How could Brexit affect North Sea oil production? The slump in oil prices since 2014 poses a bigger threat to North Sea output than the UK’s vote to leave the EU (‘Brexit’). However, heightened uncertainty, potential tax changes and the possibility... 8th July 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (7th Jul. 16) US crude and gasoline stocks fell again last week, but the dramatic fall in US crude oil production has stolen at least some of the limelight. 7th July 2016 · 1 min read
Commodities Weekly Brexit vote has a silver lining The price of gold has predictably done well in the wake of the UK’s surprise vote to leave the EU (‘Brexit’). But the real star of the show has been silver, whose price has already jumped by nearly 20... 1st July 2016 · 1 min read
Commodities Chart Pack Commodities brush off Brexit blues Commodities outperformed equities in June as the UK’s surprise vote to leave the European Union sapped risk appetite in global markets. Gold prices predictably benefited from the heightened... 1st July 2016 · 1 min read
Energy Chart Pack Falling oil supplies trump Brexit concerns The sharp drops in the prices of riskier assets, including oil, after the UK voted to leave the EU have dominated headlines. However, oil prices are now more or less back to their pre-Brexit levels... 1st July 2016 · 1 min read
Canada Data Response GDP by Industry (Apr.) The muted 0.1% m/m gain in real GDP in April, while in line with consensus expectations, is disappointing since it follows contractions in both February and March. Furthermore, the raging wildfires... 30th June 2016 · 1 min read
Global Markets Update Why have equity markets rebounded after the Brexit vote? There are several plausible reasons why the prices of equities and other riskier assets have recovered after the UK’s vote to leave the EU. Some of these may be temporary, notably short covering. More... 30th June 2016 · 1 min read
