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  • Article / Yesterday at 13:57 GMT

    WCU: Commodity focus turns to Yemen

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Commodity focus turns to Yemen
    Yemen was the big story of the week as a Saudi Arabian-led coalition attacked Hauthi rebels, sparking fears of a spike in tensions between Shiite Iran and its Sunni neighbours and triggering sharp gains for oil and precious metals. Elsewhere, industrial metals lagged and the agricultural sector awaited a key report due next week.
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    1d
    Ole Hansen Ole Hansen
    With regard to oil markets also remember that the deadline for an agreement between Iran and six major powers is on Tuesday March 31. Look out for...
  • Squawk / Yesterday at 13:39 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    US economy grew 2.2% in the fourth quarter:

    The third estimate of Q4 GDP shows that the world's largest economy grew by 2.2% q/q (annualised) vs. 2.4% expected and unchanged from the second estimate a month ago.

    Following growth rates of 4.6% and 5% in Q2 and Q3 the economy slowed markedly in Q4 of last year, but the composition was quite good with personal consumption up 4.4% while government consumption dropped 1.9%. Investment (including inventories) rose 4.5% as did exports while imports rose a substantial 10.4%.

    While Q1 will likely also show slow(-er) growth I expect a pick-up in growth in Q2 and beyond as the impact from USD strength fades while personal consumption and (residential) investment should continue to be key drivers of growth.
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  • 1d
    fxtime fxtime
    The moral to the above imho is.......Never trust a BoE storyteller sorry governor!
  • Calendar event / Yesterday at 12:30 GMT

    US 3rd estimate GDP

    forecast
    actual
    Med GDP
    +2.4%
    +2.2%
    Med Chain-Weighted Price Index
    +0.1%
    +0.1%
    Med PCE Price Index
    -0.4%
    Med Purchase Price Index
    -0.1%
    Med Real Final Sales
    +2.3%
    Med Core PCE Price Index( Ex Food/Energy)
    +1.1%
    Med Personal Consumption
    +4.4%
    Med Corporate Profits
    -3%
  • Article / Yesterday at 9:02 GMT

    Central bank's role in the recent rouble strength

    Russia oil and gas expert
    United Kingdom
    The Russian central bank seems undisturbed by the rouble strength, and could be, at least partially, responsible. The rouble bounce could flatter financials at the end of the quarter, but fundamental link between the oil and the rouble might still re-assert itself.
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  • Article / Yesterday at 5:57 GMT

    3 Numbers: Central bankers speak, US GDP, US consumer sentiment

    Blogger / MoreLiver's Daily
    Finland
    3 Numbers: Central bankers speak, US GDP, US consumer sentiment
    A slow data day with minor releases or revisions brings us the third estimate of the US Q4/2014 GDP growth rate and the end-of-the-month US consumer sentiment index. The most potential for market moves are the speeches from central bankers. Also watch out for a possible surprise downgrade of Italian government bonds, which don't seem to be priced in by the markets.
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