After spending a week in Moscow, in my observation, Chinese tourists were everywhere in the city while it is very common for Russians to take Mandarin lessons at universities. Since the dissolution of territorial disputes between China and Russia during the Jiang Zemin’s era, the relations between the two countries... Show More
Local market was started positive before falling and then making a decent recovery on average China inflation data to finish mainly flat. Tomorrow is the last day of trading before we go into a four-day long weekend…not sure investors want to leave global markets open to US/Russia/Syria/China/North Korea for that... Show More
Russia is ordering all of its officials to fly any relatives home who are living abroad amid heightened tensions over the prospect of global war, it has been claimed. Former Soviet leader Mikhail Gorbachev has also warned that the world is at a 'dangerous point' due to rising tensions between... Show More
Good Morning, Show More
Gold prices rose overnight, with the yellow metal sitting at just over USD $1200oz. A dovish FOMC (who doffed their cap to the IMF) plus concerns over Greece are supporting bullion, though this could be another false start for a market thats largely traded sideways for 18 months in USD. Show More
Russian authorities have tried a lot of measures recently to slow the depreciation of the currency and nothing seems to have worked and the rate rise by the Russia central bank smells of desperation. The move was driven by the need to limit the risks of devaluation and inflation, with... Show More
Rouble trouble: oil and Russia's economy. Oil will be the centre of attention again today: yesterday the price of a barrel of Brent crude dipped below $68, a five-year low, before rallying to more than $72. As oil gyrated, so did Russia's currency: at one point on Monday the rouble... Show More
The slide in oil prices has become a crash. Brent crude will start the day at around $70 a barrel, the lowest in more than four years. Exporters are feeling the pain. According to Deutsche Bank, seven of OPEC's 12 members do not balance their budgets when prices are below... Show More
Stagflation update, Oil weakness, Russia and China USD avoidance. As promised, we are keeping a steady update on the trend in our global inflation analysis. Lo and behold, the trend resumes and disinflation signals return. Our leading indicator has crossed below our longer term inflation indicator and on the way lower... Show More
Is it time to go all in Chinese equities? - Peter Garnry, Saxo Bank Head of Equity Strategy. With PMI figures in China hitting an 18-month high, Saxo Bank Head of Equity Strategy Peter Garnry considers whether it is time for investors to be 'all in' on Chinese equities. Garnry... Show More
