US initial jobless claims flat in early November

Nov 12, 2015 15:53 pm UTC| Commentary

Initial jobless claims were unchanged at 276k in the week ending November 7, in line with the forecast (275k) and a touch above consensus expectations (270k). The four-week moving average moved up to 268k (previous: 263k)...

India’s headline CPI rises in October, but core remains stable

Nov 12, 2015 15:49 pm UTC| Commentary

Consumer price inflation (CPI) in India for October stood at 5.0% y/y, a modest upside surprise, recording a c.60bp uptick from the September print of 4.4% y/y. Even with the uptick, underlying inflation remains in check....

Lower cocoa crop in Ivory Coast pushes cocoa prices high

Nov 12, 2015 13:06 pm UTC| Commentary

The front-month futures contract for cocoa traded in London increased by 0.5% yesterday and recorded 2,260 per ton. With this figure, it reached to a four year high. Analysts believe that due to fears of dry weather,...

Iraq exports most crude oil to U.S.

Nov 12, 2015 12:58 pm UTC| Commentary

Oil prices dropped by more than 3% yesterday. Brent fell to a 2½-month low of $45.6 per barrel as supply increased while WTI only just held its own above its end of October low of $42.6 per barrel. The renewed price...

Steeper slowdown in China may put world on recession path

Nov 12, 2015 12:03 pm UTC| Commentary Economy

Chinas economy is believed to be following a more bearish trend than expected. China accumulated too much capital but it is unable to establish a balance between investment spending and consumption. If the rebalancing...

Q3 gold demand is noticeably higher

Nov 12, 2015 11:32 am UTC| Commentary

World Gold Council reports that global gold demand in the third quarter of this year climbed by 8% year-on-year to 1,121 tons, its highest level since the second quarter of 2013. Gold in euro terms slid to 5-week low,...

Can RBA completely rely on Fed's help?

Nov 12, 2015 11:24 am UTC| Commentary Central Banks

AUD/USD performance after the US labor market data is likely pleasing the Reserve Bank of Australia. However, its plans are not working completely. There are reasons to be positive that Federal Reserve doing some of...