Market Insights & Analysis

Read our analysts' daily briefings, together with our Market Snapshot reports.

08 Feb 2016 08:27
As expected Asian trading was subdued as the week long New Year celebrations in China kicked off, with very little of note to report overnight. Saudi Arabia’s oil minister, Ali al-Naimi announced that talks held with his Venezuelan counterpart, Eulogio Del Pino, were “successful” as OPEC members increasingly step up efforts to bolster the crude market. China’s foreign exchange reserves continue to decline as the impact of the considerable efforts the PBOC have had on the world’s largest currency reserve come to light.
22 Dec 2015 08:07
Prospects of additional stimulus in China saw currencies across the region rise with off-shore yuan strengthening for the third straight day. The PBOC offered up additional support to the Chinese currency, strengthening the daily fixing for the yuan on Monday and bringing an end to the recent streak of weakness which has seen onshore renminbi lose 1.5% against the dollar over the past two and a half weeks. Front month Brent futures are holding around their eleven year lows this morning as negative investor sentiment for the year ahead saw appetite for the global benchmark drop.
09 Dec 2015 08:48
Some slightly better data coming out of China overnight as we start to see the emerging impact of stimulus measures. The yuan failed to halt its recent bearish run against the USD as investors focused on weaker factory gate prices and continued to digest yesterday’s weaker than expected trade data. Both front month Brent and WTI futures seem to have stemmed the recent outflows as they find support around yesterday’s opening levels.
08 Dec 2015 08:20
Chinese trade data released overnight painted a bleak outlook for the world’s second largest economy, prompting another run on Asian stocks with the miners in London under renewed pressure. Mainland Chinese stocks led the charge lower overnight with both the CSI 300 and Shanghai Composite losing between 1.7%-1.9%. Front month Brent futures sank to their lowest level since the financial crisis as the price per barrel hit $40.60 on selling that dominated the entire day.
02 Dec 2015 08:21
Brazil’s economy shrank by a record 4.5% y/y in Q3 as worries that the largest economy in Latin America would slip into the worst recession since the 1930’s compounded. Front month Brent futures dropped for the fourth straight session yesterday as investors positioned themselves ahead of this week’s OPEC meeting. An engaging session for economic data today with eurozone inflation data expected out later this morning while over in the US investors will have ADP employment change, EIA crude stocks and the US Fed Beige Book to look forward to.
24 Nov 2015 08:03
Three month LME nickel prices slumped to their lowest level since 2003 as prices extended declines for a sixth straight session. With the last OPEC meeting of the year looming, due to be held on December 4th in Vienna, investors are wondering what the members will make of the year where we have seen crude prices trade around multi-year lows and what the coming year will bring for the group. The dollar index flirted with 100.00 yesterday as intraday moves briefly touched this level before paring back slightly as investors maintained their positioning ahead of an expected US rates rise next month.
12 Aug 2015 08:07
The base metals complex saw intense selling pressure overnight as prices revisited levels last seen during the financial crisis. The yuan declined against the dollar for a second day, losing 1.94% from the previous close against the greenback as the government’s latest efforts to shore up markets struggled to have the desired impact. OPEC output hit a three year high in July sending front month Brent futures back below $50/bbl as the supply glut continued to build.
05 Jun 2015 16:07
The release of the strong US non-farm payroll figures today improved market sentiment and prompted a rally to the US dollar index which spiked towards 97.0. Greece became the first country to defer payment to the IMF since the 80’s. There were no surprises from the OPEC meeting as the organization left its output target unchanged today.
04 Jun 2015 16:00
Global equity markets came under renewed pressure today as investors remain cautious ahead of tomorrow’s US non-farm payroll report and an imminent deadline regarding Greece’s repayments to the IMF.
27 Nov 2014 09:01
The US markets remain closed today for Thanksgiving holiday, thus trading volumes could be thin throughout the session. Today, the main focus will switch to the OPEC meeting in Vienna as OPEC officials gather to discuss about possible production cuts. Saudi Arabia’s oil minister Ali Al-Naimi said the cartel will have a unified position at summit.
24 Nov 2014 07:52
Chinese benchmark indices rallied to a three year high during overnight trading as risk appetite continued to improve after the PBOC’s surprise decision last week to cut the base rate. Front month Brent futures managed to build on Thursday’s gains, rallying for a second day on Friday as the global crude benchmark closed above $80/bbl for the first time in a week and a half. Spot gold prices edged higher on Friday adding 0.65% on stable investment demand as participants took advantage of the recent rout in prices.
06 Nov 2014 17:09
Crude oil prices came under renewed pressure today as OPEC cut its oil price forecasts at its annual world oil outlook published this afternoon. the euro shrunk below 1.24 against the US dollar, raising renewed concerns about Eurozone’s economic stability and prospects.