Singaporean economy likely to have grown weakly in Q1 2019, MAS to keep rate policy unchanged

Apr 11, 2019 15:16 pm UTC| Commentary

Singaporean economic growth estimates for the first quarter is set to release tomorrow. According to a DBS Bank research report, the economy is likely to have grown 1.6 percent on a year-on-year basis, down from an already...

Oil in Global Economy Series: OPEC over compliant in March with new agreement

Apr 11, 2019 14:53 pm UTC| Commentary

OPECs monthly report was released and it shows that OPEC as a group has reached full compliance with the new agreement that was agreed upon back in November last year between OPEC and non-OPEC countries led by...

U.S. producer prices rise above expectations in March

Apr 11, 2019 14:35 pm UTC| Commentary

U.S. producer prices came in stronger than expectations in March. On a sequential basis, producer prices rose 0.6 percent, as compared with consensus expectations of a rise of 0.3 percent. The headline rate was driven by a...

FxWirePro: Key charts explaining crude oil inventories and production report of EIA

Apr 11, 2019 14:13 pm UTC| Commentary

Here are some key charts based on data from the United States Energy Information Agencys (EIA) latest report that explains the level of inventories, refinery demand, and production. Chart 1 shows crude oil production...

U.S. weekly initial jobless claims fall to five-decade lows, indicate towards healthy labor market conditions

Apr 11, 2019 13:38 pm UTC| Commentary

Jobless claims in the U.S. dropped to five-decade lows. In the week ended 6 April, the initial jobless claims dropped 8k to 196k, from 204k a week ago. The data released today continue to indicate towards healthy labor...

FxWirePro: U.S. Natural gas inventory preview

Apr 11, 2019 13:21 pm UTC| Commentary

Natural gas is currently trading at $2.67 per MMBtu. Key factors at play in the natural gas market Higher U.S. and global supplies keeping the natural gas price depressed, as winter is over across the globe....

Chinese headline inflation accelerates in March, pork prices to rise further in months ahead

Apr 11, 2019 13:13 pm UTC| Commentary

Chinese headline inflation accelerated in the month of March, as anticipated. On a year-on-year basis, consumer price index rose to 2.3 percent from 1.5 percent in the prior month. This was driven by the surge in pork...