Fed to hike rates this year

Jul 17, 2015 09:20 am UTC| Commentary

At her testimony to the Senate and in a speech last Friday, Fed chairwoman Janet Yellen affirmed that a rate hike later this year will be appropriate if the economy develops as expected. She focused on the US economys...

Oversupply of middle distillates weighs on refinery margins

Jul 17, 2015 09:00 am UTC| Commentary

Gasoil stocks in the Amsterdam-Rotterdam-Antwerp region climbed further this week, and find themselves at a record 3.245 million tons.This makes any widening of the currently low crack spreads for middle distillates...

Production outage in North Sea leads to rising Brent price

Jul 17, 2015 08:58 am UTC| Commentary

Brent is trading largely unchanged at a good $57 per barrel following the contract rollover. It was particularly the (meanwhile expired) August contract which rose significantly yesterday in response to a production outage...

China's economy is losing momentum?

Jul 17, 2015 07:53 am UTC| Commentary

The stimulus from Chinas monetary policy is having increasingly less of an impact on the real economy on account of high corporate and private debt. The figures recently-published industrial production figures have shown...

Greek banks to open on Monday, capital controls still in place

Jul 17, 2015 07:37 am UTC| Commentary

In terms of other Greek specific news: It is being reported that Prime Minister Tsipras will delay a re-shuffle of his cabinet until after the next set of bailout reforms are passed (expected to be done by July 22)....

US inflation likely reached 0.1% yoy in June

Jul 17, 2015 07:30 am UTC| Commentary

The US June consumer prices are scheduled to release today. The rate of inflation is expected to have reached 0.1% yoy in June, says Commerzbank."What sounds like a considerable risk of deflation merely constitutes a...

HUF remains top performer in EM currencies, however many risk factors

Jul 17, 2015 07:27 am UTC| Commentary

The forint has been one of the top performers among EM currencies since the beginning of last week, with EUR-HUF dropping from near 318.00 at its peak last week to 309.40 now. This was mostly driven by relief on the Grexit...