China's impact on the UK is likely to be limited

Oct 22, 2015 08:48 am UTC| Commentary

UK government bond yields appear to be stuck around an inflexion point, undecided whether to fall in response to emerging market concerns, or rise due to still solid domestic demand growth and emerging capacity...

UK interest rates might or might not rise

Oct 22, 2015 08:47 am UTC| Commentary

More broadly, the UK is in the midst of a reasonably solid late-cycle expansion. Notwithstanding the international climate, the unemployment rate has recently dropped to a 7-year low (of 5.4%), wage growth is picking up...

Unchanged effective euro will be headwind to inflation

Oct 22, 2015 08:42 am UTC| Commentary

The latest appreciation of the euro is a headwind to inflation and Draghi is likely to attempt to talk the euro down at the meeting in October by mentioning the divergence in monetary policy in the euro area and the US. In...

Chinese sugar imports in September up 80% yoy

Oct 22, 2015 08:38 am UTC| Commentary

China imported 656,000 tons of sugar in September, the highest volume since 2013. Year-on-year, imports were up 80%. In the first nine months of 2015, imports rose by 55%. High guaranteed sugar cane prices are pressuring...

ECB meeting crucial for gold

Oct 22, 2015 08:36 am UTC| Commentary

Market participants will be focusing their attention on todays meeting of the ECB. There has been growing speculation in recent weeks that the ECB will scale up its bond purchasing programme."However, the ECB will adopt a...

Record-high Chinese diesel exports in September

Oct 22, 2015 08:30 am UTC| Commentary

At around $48 per barrel, the oil price today is trading at roughly the same level as it was 24 hours ago. US crude oil stocks rose by over 8 million barrels last week, which is considerably more sharply than had been...

Further modest USD/CNY depreciation likely

Oct 22, 2015 08:25 am UTC| Commentary

Two months since the shock devaluation of the CNY and the PBoC intentions regarding the exchange rate are becoming clearer. For now, policy makers seem to favour stability rather than rapid depreciation."The recent...