Growth, energy and cut risks – TD Securities
TD Securities analysts see the Bank of Canada balancing trade uncertainty, higher Oil prices and domestic demand. They say GDP must run above potential to avoid disinflationary risks and rate cuts, and that Q1 data will be pivotal. Energy-driven growth and inflation could help keep policy on hold, but consumer and fiscal trends remain more […]
Iran denies comments expressing its willingness to abandon nuclear program – News18
Deputy Foreign Minister Majid Takht-Ravanchi has denied previous reports stating that Iran is ready to abandon its nuclear program on the condition that the United States presents a rewarding alternative offer, News18 reported, citing the state-run Iranian Republic News Agency (IRNA). The news couldn’t be immediately confirmed. According to the News18 report, Takht-Ravanchi has clarified […]
Upside risks build on Russian supply threat – ING
ING’s Warren Patterson and Ewa Manthey warn that European gas faces growing upside risks after President Putin signalled Russia could redirect gas away from the EU, just as global LNG flows from the Persian Gulf are disrupted. They highlight tight EU gas storage, significant Russian LNG exposure, and a strained global LNG balance as key […]
Australia’s Trade Surplus narrows to 2,631M MoM in January
Australia’s Trade Surplus narrowed to 2,631M MoM in January versus 3,373M in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. The market consensus was for 3,900M. Further details reveal that Australia’s Exports declined by 0.9% MoM in January from a rise of 0.9% seen a month earlier (revised from […]
