Commodities Chart Pack Commodities on the way up The price of Brent staged a remarkable rebound early in the month, while the copper price also made up some lost ground, with the result that the GSCI commodities index managed to outperform US... 2nd March 2015 · 1 min read
Global Economics Update Global easing cycle not over yet There has been a wave of rate cuts across the world since the start of the year. And we expect monetary policy to be loosened further in a number of economies over the coming months. This should help... 27th February 2015 · 1 min read
Energy Update Europe able to weather any disruption in Russian gas supplies We do not expect the latest dispute between Russia and Ukraine over natural gas to disrupt the supply to Western Europe. But even if did, the EU should still be able to cope reasonably well as warmer... 27th February 2015 · 1 min read
Emerging Europe Economics Update Falling energy prices push many EMs into deflation Concerns over deflation have started to resurface across the emerging world. But the latest deceleration in inflation has been driven by last year’s plunge in oil prices. Accordingly, we continue to... 27th February 2015 · 1 min read
Latin America Economics Update Brazilian real hits weakest level in a decade The Brazilian real has tumbled to its weakest level against the dollar since 2005 in recent days. We suspect that this has more to do with deteriorating economic fundamentals and suggestions from... 26th February 2015 · 1 min read
Energy Update Is OPEC likely to call an extraordinary meeting? We doubt that there will be an extraordinary meeting of OPEC anytime soon and, even if there is, policy is unlikely to change. The cartel’s current strategy of tolerating price falls to protect market... 26th February 2015 · 1 min read
Middle East & North Africa Chart Pack Inflation pressures easing across the MENA region The past month has brought further evidence that inflation is slowing across the MENA region. In Saudi Arabia, inflation now stands at its lowest rate in more than eight years, while price pressures... 26th February 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report The latest data show that US oil stocks are climbing at an increasing rate as maintenance work at refineries means that even more oil is funnelled into storage. 25th February 2015 · 1 min read
Energy Watch Will US energy exports be a game-changer for global markets? A fast-changing regulatory background is becoming increasingly important to global energy markets. In this Energy Watch, we examine how the recent fall in oil prices has affected the outlook for US... 25th February 2015 · 1 min read
Asia Chart Pack Time to worry about deflation? Emerging Asia has seen a sharp drop in inflationary pressures over the past few months. Taiwan, Singapore and Thailand are now experiencing deflation, while inflation is 1% y/y or below in Malaysia... 25th February 2015 · 1 min read
Africa Economics Update Election worries hit Nigeria Sentiment towards Nigeria has soured following news that presidential elections scheduled for earlier this month will be postponed until 28th March due to security concerns. We expect that the naira... 24th February 2015 · 1 min read
Emerging Europe Economics Update Markets brush off concerns over Greece Financial markets in Emerging Europe have brushed off renewed concerns over Greece – indeed, equity markets in most countries have rallied over the course of this month and currencies have generally... 23rd February 2015 · 1 min read
Latin America Economics Update Colombia: case for interest rate cuts building Interest rates in Colombia were left unchanged at 4.50% on Friday but a slightly more dovish tone in the accompanying statement, combined with the announcement of budget cuts over the weekend... 23rd February 2015 · 1 min read
Commodities Weekly “Grexit” could boost gold now, other commodities later Weather-related factors were responsible for the biggest moves in individual commodity prices in the past week: a cold snap in the US drove up the cost of natural gas, while further rains across key... 20th February 2015 · 2 mins read
Latin America Data Response Mexico GDP (Q4) Mexican GDP growth accelerated to 2.6% y/y in the fourth quarter of last year, but the economy has yet to really take off. With fiscal policy set to be tightened further over the course of this year... 20th February 2015 · 1 min read
US Economics Weekly Dip into deflation will be brief This week we expect to learn that, principally because of the recent collapse in energy prices, US headline inflation plummeted into negative territory in January. Once the temporary effects from... 20th February 2015 · 1 min read
