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21 Oct 2016 | 7:26 PM
Research Report

Commodity Research Report: Monthly Newsletter February 2015

Commodity Research Report
03 Feb 2015 | 07:25 PM

  • European Central Bank announced massive stimulus to prop up the region's sagging economy. The ECB will buy 60 billion euros worth of assets per month which will last through September 2016.
  • Crude oil prices plunged by 15 percent as demand slowed and inventories continued rising. Natural gas also closed significantly lower as US gross natural gas production rose to a record high.
  • Anti-austerity Syriza party won Greece's general election, putting the country on a possible collision course with the EU over its massive bailout.
  • The number of Americans filing new claims for jobless benefits plunged to a 15-year low. That was the lowest level since April 2000.
  • The FOMC said in its last meeting that since its December meeting, data and other information suggested economic activity has expanded at a solid pace.
  • The U.S Fed left key rates unchanged to near zero, where it has been pegged since late 2008.
  • India overtook China as the world's biggest gold consumer in 2014. Chinese gold demand slid by more than a third last year to a four-year low of 866 tons, while the country's scrap gold supply rose 21% to 182 tons.
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