US home prices decline further in July
Sep 29, 2015 15:41 pm UTC| Commentary
The SP/Case-Shiller 20-City Home Price Index fell for the third month running in July. Home prices declined 0.2% m/m, below forecast (0.0%) and consensus (+0.1%) expectations. The y/y rate of appreciation picked up...
More QE not as simple as it sounds for ECB
Sep 29, 2015 12:31 pm UTC| Commentary Central Banks
In relative terms, the ECBs current quantitative easing programme appears modest. Whilst the BoJs total asset purchases equate to 64% of GDP, and the Feds 25%, current asset purchases in the Eurozone amount to around 11%...
EC survey strengthens, but still points to slow growth
Sep 29, 2015 12:19 pm UTC| Commentary
Septembers EC business and consumer survey suggests that the economic recovery maintained its pace in Q3. But growth was still fairly slow, therefore, the ECB is expected to increase its stimulus to provide a further boost...
U.K. mortgage approvals on high while consumer credit eases
Sep 29, 2015 11:16 am UTC| Commentary
Mortgage approvals in U.K. shot up to their highest level since January 2014 at 71.0k, following an upwardly revised print of 69.0k in July. Net lending secured on dwellings also picked up materially to 3.4bn (from an...
Platinum currently at lowest ever level against gold
Sep 29, 2015 09:37 am UTC| Commentary
Platinum and palladium are under even more pressure than gold and shed a good 3% and over 2% respectively yesterday. The downswing is continuing this morning: platinum has dropped in price below $900 per troy ounce,...
Rainfall in Brazil improve prospects for coffee crop
Sep 29, 2015 09:17 am UTC| Commentary
Unlike the raw sugar price, coffee prices are responding negatively to the rainfall in the key growing regions of Brazil. Harvesting of this years coffee crop will soon be finished, so attention is shifting increasingly to...
Gold under pressure despite a weaker USD and falling stock markets
Sep 29, 2015 08:52 am UTC| Commentary
Despite a slightly weaker US dollar and equity markets that find themselves under pressure, in some cases considerable pressure, gold has dropped below $1,130 per troy ounce. In euro terms, gold is trading back below the...