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  • Article / 3 hours ago

    WCU: Commodity focus turns to Yemen

    Head of Commodity Strategy / Saxo Bank
    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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    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 / 3 hours ago
    Head of Macro Strategy / Saxo Bank
    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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  • Calendar event / 4 hours ago

    US 3rd estimate GDP

    Med GDP
    Med Chain-Weighted Price Index
    Med PCE Price Index
    Med Purchase Price Index
    Med Real Final Sales
    Med Core PCE Price Index( Ex Food/Energy)
    Med Personal Consumption
    Med Corporate Profits
  • Article / 11 hours ago

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

    Blogger / MoreLiver's Daily
    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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  • Editor’s Picks / 12 hours ago

    Year of the goat looks bullish for Asian equities
    Since 1973, the Year of the Goat has generated the highest average returns of the 12 zodiac symbols, averaging 45.3% a year. Leaving superstition aside, there are fundamental reasons why Asian equity markets can make like a bull this year. Notwithstanding the risk of war – currency, physical or in cyberspace – Asian equity fundamentals look attractive. Earnings expectations for Asia excluding Japan are the most realistic they have been in years. Consensus is forecasting EPS growth of 9.5%. Another positive is that Asian governments are implementing reforms that are are critical to overcoming structural weaknesses. All in all, there is a strong case for being a bull in the Year of the Goat.
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