US Markit flash manufacturing PMI advances in October

Oct 23, 2015 15:17 pm UTC| Commentary

The Markit manufacturing PMI rose to 54.0 in the October flash estimate, coming in stronger than consensus expectations (52.7) for a modest decline from final September print of 53.1. Most of the survey components posted...

EM economic growth, another round of disappointment

Oct 23, 2015 14:53 pm UTC| Commentary Economy

When the IMF published its latest WEO forecast, it also marked the ninth consecutive time that it revised down its emerging market and developing economies growth forecasts. The continual downward revisions raise the...

FOMC Preview-Data dependent Decemberists

Oct 23, 2015 14:32 pm UTC| Commentary Central Banks

The FOMC meets onOctober 27-28, but is not expected to announce a rate hike. The FOMC is likely to prefer to wait until December to make a decision whether to go ahead with a 2015 liftoff. Since there will not be an update...

Energy prices continued to keep Canada’s inflation modest in September

Oct 23, 2015 14:26 pm UTC| Commentary

Inflation rose 1.0% year-on-year in September, slowing somewhat from the 1.3% growth recorded in August as a result of lower gasoline prices. Core inflation, which excludes the eight most volatile components, rose 2.1%,...

World Bank expects more pronounced fall of agricultural prices

Oct 23, 2015 12:31 pm UTC| Commentary

In its quarterly report, the World Bank also commented on global agricultural prices and the impact of El Niño. Despite the powerful nature of El Niño, it does not envisage rising prices on the global...

Sugar price rises further due to possible supply deficit on global sugar market

Oct 23, 2015 12:29 pm UTC| Commentary

The raw sugar price climbed by 3% yesterday and closed trading at 14.60 US cents per pound. On the one hand, prices are finding support from ongoing fears about a powerful El Niño effect and a resulting supply...

Weak euro drives gold price to 3.5-month high

Oct 23, 2015 12:26 pm UTC| Commentary

The gold price has climbed to around $1,175 per troy ounce as the week draws to a close. Gold in euro terms has surged by over 2% to a 3½-month high of almost 1,060 per troy ounce on the back of the euros sharp...