Emerging Global and Domestic Markets

OPEC: India Oil Demand To Rise By 5.8 MMbbl/d By 2040

India's oil demand is expected to rise by 5.8 million barrels per day (MMbbl/d) by 2040, accounting for about 40% of the overall increase in global demand during the period, OPEC's secretary general said on Oct. 16. "India is projected to see the largest additional oil demand (3.7% per annum) and th ...

The buck cannot find a bid

Tuesday October 16: Five things the markets are talking about The ‘big’ dollar came under pressure yesterday and is finding it difficult to gain much traction this morning as investors taking profit on U.S assets outweighs concerns about Italy, Brexit and a Sino-U.S trade war. Furthermore, twi ...

Macro Briefing: 16 October 2018

Budget deficit for US surged to six-year high of $779 billion in fiscal 2018: APSaudis reportedly plan to admit that Khashoggi died during interrogation: CNNUS retail sales edged up 0.1% in Sep, well below economists’ expectations: CNBCFidelity launches cryptocurrency trading desk for institution ...

In the LOOP: Crude oil export cargoes from Louisiana to China dry up

September was the second month of halted US crude exports from Louisiana to China due to higher VLCC freight rates, a narrower Dubai/LOOP Sour spread and uncertainty over possible trade tariffs imposed by China on US crude. In September, no cargoes departed Louisiana for China, according to cFlow, ...

Commodities Weekly: Gold at 2-1/2 month high as safe haven status reborn

Precious metals are on the rebound as the US dollar goes in to pause mode after recent gains, while base metals firm up on supply-side issues. Crude oil prices push higher amid geopolitical tensions while weather-related supply side issues help agricultural commodities. Precious metals GOLD advance ...

Asia Market update : A time out

China Data China CPI data came out bang on market expectation while the PPI rose slightly 3.6 % versus 3.5 % but continues to trend lower despite weaker Yuan and tariff price pressures. But given the delta to expectations are negligible there isn’t much of trade to be had on the data. Regional eq ...

Daily Markets Broadcast – 2018-10-16

Daily Markets Broadcast 2018-10-16 Wall Street weaker, pressured by tech sector The Friday rebound on Wall Street proved fleeting as selling restarted yesterday, led by the tech sector amid concerns about earnings reports. Gold topped the dollar as the go-to safe haven, while Brexit stalemate and ...

Risk remains on the back foot

  Risk remains on the back foot Risk sentiment remains on the back foot as the volatile stock action continued in Asia and Europe overnight. And while the US markets ended a very jittery day lower, the losses were limited as the markets enter a stalemate period to rethink the plethora of looming m ...

Ten Investor Takeaways From the 2018 Annual IMF/World Bank Meetings

Global central bankers, finance ministers and representatives from the private sector and civic groups gathered in Bali recently for the annual meetings of the IMF (International Monetary Fund)/World Bank Group. Below are 10 key takeaways from the discussions. 1) Investor global risk sentiment is c ...

USD/CAD Canadian Dollar Higher as BOC Business Survey Boosts Optimism

The Canadian dollar surged on Monday. The loonie is trading higher by 0.21 percent at 1.2992. The US dollar lost traction earlier in the session with the release of the US retails sales data for September. Core and headline US sales were lower than the forecast and the loonie was boosted the by the ...