China’s crude oil imports rose to 12.1 million barrels per day in March, according to data from the customs authority, Commerzbank’s commodity analyst Carsten Fritsch…
OPEC revised its forecast for global oil demand slightly downwards in its monthly report published yesterday due to the expected impact of US tariffs. It…
Obviously, there is a learning curve for the US president when he continues to backpedal on tariffs. But the damage is done, trust is destroyed.…
Where Trump is not willing to make concessions or give in, however, is on China. Here, the motto ‘always more than you’ seems to apply.…
The Swiss franc benefited significantly from its safe-haven status after the announcement of the reciprocal US tariffs. However, the rapid appreciation is likely to be…
And the backpedaling continues. In addition to the three-month tariff pause, the US government has now also expanded its list of goods exempt from reciprocal…
In addition to the flight to safe havens, the prospect of a further normalisation of monetary policy by the Bank of Japan is also likely…
The latest version of market inflation expectations, published on Friday by Turkey’s central bank (CBT) showed inflation expectation for end-2025 rising by 2pp from 28%…
Despite the current turbulence in the US dollar, we see short-term recovery potential for the US currency. According to our economists, the backtracking by the…
The price of Russian ESPO crude fell below $60 per barrel for the first time at the beginning of the week, while the price of…