Eswar Prasad and Lei Ye believe the Chinese renminbi will be a reserve currency within the next 10 years. They explain the how and why.
Brokers are seeing signs of a trough in global economic conditions, but an improving outlook for equities is still mostly limited to emerging markets.
A glance through the latest expert views and predictions about commodities in regard to zinc smelting, platinum versus gold, China and the silver price, US steel output, and the cheap gas impact on iron ore.
The price of oil is beholden to storage capacity, refinery capacity, supply issues and Middle East tensions but in demand terms the global economy’s shift from West to East is significant for future pricing.
Greek politicians finally reached an agreement last night and will await EU approval. Wall Street shrugged. Dow up 6. (Accessible only for subscribers before 10:15 AEDT)
There was a lot of to-ing and fro-ing in Europe last night suggesting were are on the cusp of something, whatever that might be. Dow up 5. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities with updated views on recent base metal price gains, China the key to the manganese market and Citi remains positive on the bulks.
Even allowing for a bursting of the Chinese property bubble, steel industy consultant MEPS sees positives for steel demand in that country, while noting conditions are also improving in the US market.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.