Overview: A combo of renewed increases in commodity prices, very tight labour markets and high consumer inflation expectations continues to keep upward pressure on inflation intact. On a positive note, electricity prices in Europe have come down. Freight rates are still at high levels and delivery times very long. We look for US core inflation […]
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WTI oil price jumped over $2 on Monday following success of US-China trade talks over the weekend that eased tensions and signaled that world’s two largest oil consumers are on the way to resolve their Read more…
US-China trade talks over the weekend developed more positively than both we and consensus expected. Below we give a short overview of what happened and the implications in US and China, respectively. What it means Read more…
The price of a troy ounce of gold fell to 3,273 USD on Monday, losing about 1% compared to the previous session’s level. Key factors driving gold’s movement The primary reason for the decline is Read more…