Emerging markets have been affected by a combination of factors, most obviously rising US interest rates and the subsequent appreciation of the US Dollar. However, what has not come out as clearly is the effect of rising commodity prices on economic growth. Show More
The current ~$420 million takeover offer by OZ Minerals for ASX listed Brazilian copper miner Avanco Resources should pique the interest of investors in Brazil, a major global producer of a number of commodities with highly prospective geology, but with only a relatively few ASX listed resources companies operating in... Show More
Similar to European equity markets, another part of the world where fearful perceptions have held back equity valuations is emerging markets. After being fairly range-bound from 2012 to mid-2015, fears of a hard landing for China’s economy impacted emerging markets in the second half of 2015 and early 2016. That... Show More
While economic uncertainty remains high, especially in Britain and the US, interestingly many emerging markets’ economies are at the beginning stages of economic reforms and recovery. And with expectations dimming on the prospect of the US Federal Reserve raising interest rates anytime soon, developing countries stand to benefit. What’s more,... Show More
It’s natural for investors to boost the prominence of the UK referendum on EU membership. Indeed, it might have a significant effect on markets, either positive or negative. It’s another matter, ahead of time, to know what that impact might be; or how to prepare for the vote. The reality... Show More
Orinoco Gold has proven to be a solid sharemarket performer over the past 12 months, having as much as trebled in share price terms as the company draws ever closer to first gold production from its Cascavel project in Brazil during June/July 2016. Given the strong ongoing performance of US$... Show More
Orinoco Gold (ASX: OGX) is one of our best-performing resource plays, having as much as trebled in price over the past 12 months. The good news is that there’s likely substantial room for further price appreciation, based on the company’s looming transition to production status at its soon-to-be commissioned operation... Show More
Aussie market flip flopped between China stimulus, NZ deflation worry and falling local consumer sentiment before Chinese market selloff and falling US market futures really took the market down south. The worry about US market was clear to see today as the selling came in hard in the last few... Show More
Orinoco Gold is one of our best-performing resource plays, having trebled in price since the beginning of this year. The good news is that there’s likely substantial room for further price appreciation, based on the company’s looming transition to production status at its soon-to-be commissioned Cascavel operation in Brazil in... Show More
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With China yesterday confirming a sizeable increase in its overall gold reserves, it’s timely to review one of our preferred emerging production plays, Orinoco Gold (ASX: OGX). The company’s Cascavel gold project in Brazil involves the development of a relatively small-scale/low-cost start-up operation, with plans to increase both the overall... Show More
Orinoco Gold (ASX: OGX) is an emerging gold producer that we introduced to our Portfolio last week at 7.2c, based on its outstanding Brazilian project fundamentals (the stock has since risen by 22%). Orinoco has just announced a number of key management appointments as it builds its Cascavel gold operations... Show More
Quartz has released its "10 most important charts of the week" which gives us a great view into how the global economy is performing. Click here to view: http://qz.com/395794/the-10-most-important-economic-charts-of-the-week-5/ Show More
Riding greenback: the strong dollar's impact. The surer prospect that the Federal Reserve will raise interest rates next year has given the dollar a new boost. Its strength against rich-country currencies is fitting: America's economy is stronger than most. But the dollar's rapid rise against emerging-market currencies is worrisome. Previous... Show More
Mixed start for commodities: natural gas, palladium and soybeans. Bloomberg's index of major commodities is flat amid a mixed start to the week for commodities, as gains in energy, industrial metals and softs have been offset by losses in grains and precious metals. According to Ole Hansen, Saxo Bank Head of... Show More
A golden age for Brazilian iron ore? With the football World Cup in full swing in Brazil, it is worth mentioning another large contributor to the Brazilian economy - iron ore. Brazil remains the second largest seaborne supplier of iron ore to China (behind Australia) and is home to the... Show More
Brazilian economy report card: Simon Fasdal, Saxo Bank Head of Fixed Income. The world will be zooming in on Brazil with the World Cup starting this week. Saxo Bank Head of Fixed Income Simon Fasdal gives a scorecard on the health of the Brazilian economy. Brazil is often seen as a... Show More
UK output grew more than ten times faster than production in Brazil according to industrial production statistics last week but, these days, that is faint praise. UK industrial output grew by 0.9% in September while Brazilian industrial production eked out a gain of just 0.9% over the whole year to... Show More
Global central banks sold 30% of their holdings in emerging market currencies from FX reserves in the second quarter, according to Citigroup research. Reserve managers divested as much as $20bn in their holdings as the Brazilian real to the Indian rupee tumbled amid expectations that the Fed Reserve would scale... Show More
Think Australia has debt issues? Brazil's richest man, Eike Batista, lost 97% of his wealth in just 18 month with the collapse of his listed vehicles. He is still said to have wealth of $900 milion but even that is at risk of been called on for bad debts. Tough... Show More