Russian rouble turns to rubble

A wild ride for the Russian Rouble overnight with the currency swinging wildly throughout the course of European and North American trade. Having opened at 60.907 to the USD, a sharp appreciation on the 65.8975 closing level of Monday, the currency slid to 79.9125...

China manufacturing activity contracts, trend lower

Manufacturing activity amongst small and medium sized Chinese firms contracted unexpectedly in December with the flash PMI gauge from HSBC-Markit falling to 49.5. The reading, below the 50 level of November and expectations for a similar figure for December, was the...

Three things to watch from the December FOMC meeting

Will they drop the ‘considerable time’ phrase when it comes to policy normalisation? It is believed this phrase signifies that the FOMC are 6 months away from tightening. If it goes the markets will begin to price in the likelihood that the first move will occur in...

Commodities hit again, China PMI eyed

Subscribe US industrial output surged in November with an increase of 1.3% reported. The reading, the largest expansion since May 2010, was well ahead of the upwardly-revised 0.1% increase of October and expectations for a gain of 0.7%. A 5.1% surge in utilities...

Markets slump as oil price slide continues

Subscribe Mixed economic news out of China overnight with industrial production and urban fixed asset investment continuing to cool while retail sales and new lending came in ahead of expectations. Industrial production expanded by 7.2% in the year to November, a...