The resumption of risk appetite at the end of last week has failed to spill over into early morning Asian trade with mixed sentiment caused by softer Chinese retail sales and industrial production figures. Partially offsetting this increase in annual...

The threat of tightening credit and price caps in China have dampened demand for industrial metals into the weekend. After initially jumping on the higher than anticipated inflation numbers, the USD has paused its bull-run to some degree. However, wi...

The USD surged on Friday and will have caught many short-sellers by surprise. Supply concerns and speculative bids have driven the metal to new highs and the trend remains very much topside focused. Money supply growth decelerated for the second succ...

No fireworks are expected at today’s FOMC meeting, with the central bank likely to adopt a steady-as-she-goes approach, especially after the ECB meeting last week. Commodities have broadly rebounded from last month’s drop in prices. The Angolan Kwanz...

While India may be experiencing a very dramatic and concerning rise in infections, the news in the US has improved, with the authorities giving the green light for the J&J vaccinations to resume. The current market structure for Brent futures, with t...

We don’t detect much has changed in Angola, although the immediate outlook may be improved by higher-than-expected oil prices. The authorities to their credit have adopted strong fiscal measures, increasing non-oil revenue and reducing non-essential ...