Metal Supply & Demand Series

Metals consumption likely to continue rising in China on expected growth of investment

Mar 04, 2016 10:15 am UTC| Commentary

Chinas future commodity consumption will mainly depend on the path of its income growth. Chinas population, while its huge in terms of level, the growth is slowing. This implies that Chinas increased commodity consumption...

Fall in moving average of US initial jobless claims show low trend level of labor market separations

Mar 04, 2016 09:39 am UTC| Commentary

In the week ended 27 February, the initial jobless claims in the US increased to 278k, rising by 6k. This was moderately more than consensus expectations of 270k. The four-week moving average of initial claims fell to...

Oil in Global Economy Series

Oil in global economy series: Middle East customer base is more diversified than Russia

Mar 04, 2016 09:27 am UTC| Commentary

As oil price has dropped about 70% from its 2014 summer peak, all in all global oil producers are in tough position. However, situation and level of risks differs from region to region. Like biggest threat to Saudi Arabia...

US productivity growth continues to be sluggish

Mar 04, 2016 09:12 am UTC| Commentary

In the second estimate of Q4 2015 data the US nonfarm business output per hour was revised to -2/2% q/q saar. This report mainly shows revisions to nonfarm business output that were covered in the recent second estimate of...

Brazil’s real GDP likely to contract at lower magnitude in H1 2016, but downside risk remains

Mar 04, 2016 09:11 am UTC| Commentary

Brazils real GDP growth contracted 1.4% sa in Q4 2015, as compared with consensus forecast of a contraction of 1.6% sa and Barclays forecast of 1.3% sa contraction. The downward surprise in Q4 2015s real GDP was due to...

Oil in Global Economy Series

Oil prices likely to rise in H2 2016 as supply glut starts to contract

Mar 04, 2016 08:03 am UTC| Commentary

Oil prices are expected to have bottomed out in January and are likely to increase throughout 2016 and 2017. A sharper rise in the prices is expected in H2 2016 as the huge supply glut is beginning to shrink. We have...

Oil in Global Economy Series

Oil in global economy series: Asia’s long oil is biggest prize for producers

Mar 04, 2016 07:53 am UTC| Commentary

One of the many reasons, why oil price is struggling to recover is continued fight for market share among the top producers namely Saudi Arabia, Iran, Iraq and Russia. US can also be considered to have joined the fight...