Commodities Weekly Industrials continue to do well The prices of the more industrial commodities generally fared better this week, with a few notable exceptions in nickel and palladium. Optimism about demand continues to support prices. Indeed, this... 27th January 2017 · 1 min read
Commodities Update Optimism prevails, for now For the most part, commodity prices have started the year strongly, buoyed by persistent optimism about demand and some weakness in the US dollar. However, we are concerned that, in some cases, prices... 26th January 2017 · 1 min read
Commodities Weekly Commodity prices take a breather The prices of most commodities eased back this week. Agricultural commodities fared slightly better, primarily on the back of weather-related concerns about supply. Data released on Friday confirming... 20th January 2017 · 1 min read
Global Markets Outlook How will markets deal with President Trump? We expect monetary policy in the US to be tightened by more than investors seem to be anticipating, but agree that in other major developed economies it is likely to remain very loose. With this in... 20th January 2017 · 1 min read
India Economics Update Decent start to 2017 Financial markets in India have made a relatively bright start to 2017. The rupee and bond yields have been stable, while equities have rallied so far in January. Looking ahead however, prospects are... 19th January 2017 · 1 min read
Precious Metals Update How sustainable is the recovery in the gold price? After slumping in the days following Trump’s win, the price of gold has since recovered some ground and is now trading at around $1,200 per ounce. However, we think that risks are now skewed to the... 18th January 2017 · 1 min read
Metals Data Response South Africa’s Mine Production (Nov.) South Africa’s overall mine production remained subdued in November, with all metals seeing a drop in output. The PGM market appears finally to be tightening but we think that it will take some time... 17th January 2017 · 1 min read
India Economics Update Trade deficit to remain in check India’s monthly trade deficit narrowed significantly in December, and a number of factors should ensure that it remains in check over the coming months. This should keep India’s financial markets... 16th January 2017 · 1 min read
Commodities Weekly Volatility returns to commodity markets After a quiet start to 2016, commodity markets have sprung into life. Late in the week, comments by OPEC members that they would deepen output cuts and possibly extend them until the end of 2017... 13th January 2017 · 1 min read
Precious Metals Update Central banks’ gold demand could remain subdued in 2017 The latest data show that central banks’ holdings of gold were broadly unchanged in November. However, year-to-date purchases remain substantially lower than in 2015 and this weakness could persist... 12th January 2017 · 1 min read
Commodities Weekly Commodities looking for direction It has been a quiet start to 2017 in commodity markets. Investors appear to be taking a wait-and-see approach, ahead of the inauguration of President-elect Trump and more clarity on his policy... 6th January 2017 · 1 min read
Metals Chart Pack Metals prices come off the boil in December The prices of most metals rose last year, but industrial metals substantially outperformed precious. While we had always been positive on the outlook for metals in 2016, even we were surprised by the... 5th January 2017 · 1 min read
Commodities Chart Pack Oil price rally fails to lift wider sentiment The prices of many commodities slipped back in December, despite the rise in the oil price and encouraging economic data out of China. While the falls in industrial metals may have been the result of... 3rd January 2017 · 1 min read
Commodities Weekly Commodities end 2016 on a strong note Prices have drifted a bit this week, ahead of the Christmas and New Year holiday period. However, the bigger picture is that the prices of most industrial commodities are ending the year significantly... 22nd December 2016 · 1 min read
Commodities Update Key commodity calls for 2017 Commodity prices face a number of headwinds moving into next year, including rising US interest rates, further US dollar strength and less stimulus spending by the Chinese authorities. However, we... 21st December 2016 · 1 min read
India Economics Update Markets take Fed rate hike in their stride Financial markets in India have taken last week’s decision by the US Fed to hike interest rates for the first time in a year in their stride. A bigger test might come if the Fed now tightens more... 20th December 2016 · 1 min read
