Cotton price falls to 5-month low due to demand concerns and prospect for good crops
Aug 10, 2015 09:14 am UTC| Commentary
Cotton made it up to 68 US cents a pound at the end of June after heavy rain had impeded sowing in the US. It then lost 6% by the end of the season on 31 July. Since then, the price has dropped a further 4% to less than 62...
Gold defies higher probability of a Fed rate hike in September
Aug 10, 2015 09:12 am UTC| Commentary
Gold is trading at just under $1,100 a troy ounce, or roughly 1,000 a troy ounce. It has thus managed to defy the sound US labour-market figures, which make a Fed rate hike in September more likely. In euros, the price...
Low breakeven cushions NOK over long term
Aug 10, 2015 09:10 am UTC| Commentary
Over the long term, Norway is better placed than most other oil-exporting countries to weather the effects of lower oil prices. Average break-even oil prices in Norwayare about USD35-40, providing some buffer against...
Aug 10, 2015 09:08 am UTC| Commentary
After what seemed like a very promising H1 for NOK, another slump in oil prices has dragged NOK lower with it, erasing virtually all the gains made this year. Diving more than 20% since May and still trending lower, oil...
Aug 10, 2015 09:03 am UTC| Commentary
As the Swedens 2016 collective wage negotiations come into sharper focus in coming months, so will developments in inflation. Over the past decade and a half, pay settlements have generally risen in excess of inflation by...
Aug 10, 2015 09:00 am UTC| Commentary
A cursory glance at a few of Swedens macro-fundamental indicators would suggest an economy that is humming along healthily and in no need of monetary stimulus. GDP in Q2 expanded at a healthy clip of 0.7% q/q (in line with...
Swiss inflation to be near 0 by 2016
Aug 10, 2015 08:56 am UTC| Commentary
Over a one-year horizon, the outlook for Swiss inflation remains very weak. By 2016, Switzerland is expected to be the only G10 country with inflation still hugging zero."The SNB does not expect inflation to turn positive...