Inflation is already at target, growth is disappointing and excess supply in the economy is growing. This will justify ...

US core inflation posted a fourth consecutive 0.3% print, showing that progress towards the Fed inflation goal has clearly ...

Industrial activity in Europe remains sluggish; production in the eurozone has fallen YoY every month so far this year. A ...

The global oil market is set to return to surplus in 2025 despite OPEC+ extending supply cuts. This surplus should see prices ...

The global soybean market is set to be well supplied through 2025, which should continue to cap prices. Meanwhile, the ...

Overall, we hold a somewhat bearish view on large parts of the commodities complex for 2025 on the back of relatively ...

The rise in warehouse stocks has come amid a surge in Chinese exports. China is usually a major net importer of refined ...

Gold has had a record-breaking rally this year, supported by the Fed’s easing cycle, central bank purchases and safe-haven ...

The cost of alumina now accounts for more than half of the cost of making aluminium, compared with a usual level of between ...

Nickel has been the worst-performing metal on the LME so far this year, with prices down around 3% year-to-date. We believe ...

Higher-than-expected Romanian inflation adds to backloading risks for interest rates Romania’s November inflation rate ...

The 2024/25 Indian harvest is now well underway, although the harvest did get off to a slow start – particularly in ...