The Commodities Feed: EU ban on Russian crude oil begins: The EU ban on Russian seaborne crude oil comes into force today, along with the G-7 price cap for Russian oil. Meanwhile, OPEC+ agreed to leave output targets unchanged at its meeting yesterday…

Oil Market – Weak G7 Price Cap Weighing Near-Term but Oil Prices Seen Reaccelerating in H2-23: With less than a week until implementation of the EU embargo on Russian crude imports and the concurrent G7 price cap, more clarity has emerged on several key…

Attention aux coups de froid: La semaine est une nouvelle fois difficile à lire. Les signaux reçus au travers des indicateurs publiés sont rassurants pour certains (emploi US, allègement de mesures Covid en Chine, PMI en Europe et inflation en légère…

Weekly Calendar 5 – 9 December: Norwegian inflation, home prices and regional network survey: Weekly Calendar 5 – 9 December: Norwegian inflation, home prices and regional network survey (2 pages) [...]

Daily Macro Brief 2 December: Lower ISM, lower PCE inflation: Daily Macro Brief 2 December: Lower ISM, lower PCE inflation (2 pages) [...]

The PSA Japan Weekly Research Round-Up for the week ending 2 Dec 2022: Weekly Comment Summary The Bank of Japan may, finally, be getting nominal GDP to grow. That is particularly good news for Japan’s healthcare sector, as Pelham Smithers explains. PSA…

Gold flat; set for best week in three on smaller rate-hike bets, (AKD Commodities vantage, Dec 02 2022): GOLD: Gold prices were flat on Friday but set for their best week in three ahead of the U.S. jobs report, helped by the dollar’s retreat on…

Korea: Consumer inflation slowed sharply in November: The sharp slowdown in consumer price growth in November was largely due to stable gasoline and fresh food prices, but also to a high base last year. But we believe that today\'s outcome is not enough…

The Commodities Feed: OPEC+ weekend: OPEC+ is set to meet on Sunday to decide on output policy for 2023. While the EU still needs to come to an agreement on the G-7 price cap ahead of the EU\'s ban on Russian seaborne crude oil, which comes into force on…

Abandonner l’indépendance des Banques Centrales et l’inflation targeting ?: La période récente montre clairement : que la politique monétaire et la politique budgétaire devrai en t être coordonnée s pour lutter efficacement contre l ’ inflation ; que…

Gold jumps 1% as Fed’s Powell says smaller rate hikes on the way, (AKD Commodities vantage, Dec 01 2022): GOLD: Gold prices rose over 1% on Wednesday as the non-yielding asset races to end its best month since mid-2020 on slower U.S. rate hike…

FX Daily: Dollar correction extends: The dollar is around 1% lower across the board after what was seen as a less hawkish speech from Fed Chair Powell softened US interest rates. A softening of China\'s Covid policy is also helping emerging market…

Indonesia: Inflation slips below expectations but BI likely to retain hawkish tilt: November inflation slipped to 5.4% year-on-year, slightly below market expectations [...]

Korea: exports contracted for the second straight month in November: Due to a weaker-than-expected export outcome in November, the downside risks to GDP this quarter have increased. The Bank of Korea (BoK) is likely to slow down its hiking pace next year…

India: GDP growth stays strong in 3Q22: 3Q22 GDP rose at a 6.3%YoY pace, slightly exceeding market expectations and keeping growth for the full year on track to exceed 6%, which would make India one of the fastest-growing economies in Asia [...]

Euro area inflation declines in November: Euro area headline inflation declined to 10.0% yoy in November after 10.6%. Core inflation was stable at 5%. It is, of course, too early to say with any certainty that the peak in headline inflation is now behind…

Gold flat as traders brace for Powell’s speech, (AKD Commodities vantage, Nov 30 2022): GOLD: Gold prices were little changed on Wednesday, with investors largely focusing on Federal Reserve Chair Jerome Powell’s speech for insights into the U.S. central…

FX Daily: Inflation reality check: Fed Chair Jerome Powell will remind the market of the central bank\'s hawkish determination today, supporting the dollar. Meanwhile, softer inflation is trimming expectations in the eurozone. Polish inflation will test…

Short comment Sweden: GDP rose 0.6% QOQ in Q3, ETI fell: Short comment Sweden: GDP rose 0.6% QOQ in Q3, ETI fell (2 pages) [...]

Q3:2022 GDP Report - Slowdown in GDP: Last week Wednesday, the National Bureau of Statistics released the Gross Domestic Product (GDP) figures for Q3:2022. GDP printed at 2.25% YoY , sustaining its positive momentum for the eighth (8th) consecutive…