
Forecast of lower coffee crop in Brazil supports Arabica price
Aug 27, 2015 10:54 am UTC| Commentary
After the Volcafe trading company published its quarterly forecast for the Brazilian and global coffee crops yesterday, the price of Arabica coffee inched up to 118.70 US cents per pound from the 19-month low it had...
Aug 27, 2015 10:52 am UTC| Commentary
The robust 4% rise in US equity markets yesterday cannot really serve as an explanation either, after all, it only happened in the last two hours of trading, and thus after precious metal prices had already fallen. The...

Gold, silver and palladium under heavy pressure
Aug 27, 2015 10:51 am UTC| Commentary
Gold, silver and palladium experienced a very black day yesterday. Gold shed more than $20 and for a time was trading at below $1,120 per troy ounce, eradicating all of the gains that it had achieved since the end of last...
EMEA local rates could outperform but levels not yet attractive enough
Aug 27, 2015 10:46 am UTC| Commentary
On average, EMEA still appears to be somewhat less sensitive to the global EM rout and the newsflow is quite limited in the days ahead. It should not change the global EM mood and highlight the ongoing divergences within...
Global and local risks still in place for EMEA markets
Aug 27, 2015 10:38 am UTC| Commentary Economy
The decision of the PBoC to ease monetary policy should not be enough to trigger any real appetite for EMEA assets in our opinion. The global and idiosyncratic risks that have prevailed over the past few weeks are still in...

Fed rate hike likely to happen next year
Aug 27, 2015 08:33 am UTC| Commentary
As the markets continue to sell-off, the Fed hike is under suspension. Global growth is weak, Chinese policy mistakes have destabilized their markets and the US equity market has finally succumbed to the pressure, with a...

China to face risk of hard landing
Aug 27, 2015 07:41 am UTC| Commentary
The risk of a hard landing this year and the next is limited because Beijing will likely do everything to prevent such a scenario. The authorities will rely on the old growth model with credit-fueled public investment to...