Brent saddled geopolitics

Markets can be punished for conceit. For a long time, investors ignored geopolitical risks and were confident that the North Sea grade of oil would be quoted within the range of $40-60 per barrel for long term. The is because the prices increased above the resistance level that will probably increase production in the U.S., […]

US stocks little changed in early trading

Trading around unchanged levelsThe US stocks are little changed in early trading: S&P index is up[ 0.63 points or 0.02% Nasdaq is up 0.745 points or +0.01% Dow is up 23 points or 0.10% Not much change.US yields are now up a bit 2 year 1.5504%, up 1.2 bp 5 year 1.9748%, up 2.5 bp […]

Fed’s Kaplan: Keeping open mind about rate hikes

Comments from the Dallas Fed President Looking for evidence inflation headed to 2% in medium term Inflation progress would make hike appropriate China capital flows management could spark volailtity Fiscal policy, structural changes may provide upside economic risks Dallas Fed sees 2.4% GDP growth this year The headlines are from an essay Kaplan published on […]

September US industrial production +0.3% m/m vs +0.3% expected

Industrial production data Prior was -0.9% (revised to -0.7%) Capacity utilization 76.0% vs 76.2% expected Manufacturing production +0.1% vs +0.2% expected Prior manufacturing production -0.3% Ex-cars and parts +0.3% vs -1.0% prior The Fed said hurricanes Irma and Harvey cut September production by 0.25 percentage points. Here was a preview of the data from Nomura. There was […]