Declining commodity prices to keep pressure on EM assets
Feb 01, 2016 16:11 pm UTC| Commentary
Emerging Markets are largely net exporters of commodities. Hence if the commodity prices keep declining, EM assets are likely to remain under pressure. Currency market stabilisation will be key to assess investor appetite...
Commodities snapshot (precious & industrial)
Feb 01, 2016 15:45 pm UTC| Commentary
Metal pack is mixed today. Performance this week at a glance in chart table - Gold - Gold is up as risk aversion returns. Todays range $1115-1129 Gold is currently trading at $1126/troy ounce. Immediate support lies...
EM credit defaults likely to rise in 2016
Feb 01, 2016 15:42 pm UTC| Commentary
Corporate leverage has increased considerably in several EM countries, especially US dollar-denominated credit. IMF data shows that EM corporate debt has risen from less than 50% of GDP in 2008 to almost 75% now. The US...
Feb 01, 2016 15:20 pm UTC| Commentary
Equities are all red in todays trading. Kindly note all instruments mentioned here are CFDs, whose values might differ from cash or future traded. Performance this week at a glance in chart table - SP 500 - SP 500,...
EM composite PMI falls in Dec, outlook sluggish
Feb 01, 2016 15:01 pm UTC| Commentary
Emerging markets have had a difficult start to 2016. Data showed that composite PMI for Emerging markets dipped to 49.5 in December. The IMF also revised its 2016 EM growth forecast to 4.3% earlier in Jan, and further GDP...
Feb 01, 2016 14:50 pm UTC| Commentary
Energy pack is red today. Weekly performance at a glance in chart table. Oil (WTI) - WTI in sharp fall today as glut concern back on spotlight. Todays range $32.1-34.2 WTI is currently trading at $32.1/barrel....
Currency snapshot (major pairs)
Feb 01, 2016 14:37 pm UTC| Commentary
Dollar index trading at 99.28 (-0.31%). Strength meter (today so far) - Euro +0.47%, Franc +0.23%, Yen -0.03%, GBP +0.46% Strength meter (since last week) - Euro +0.47%, Franc +0.23%, Yen -0.03%, GBP +0.46% EUR/USD...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.