SG Commodities Review: US Natural Gas
Laurent Key
2013.03.20
■ SG research’s Cal 13 price forecast was revised 20 cents higher vs last quarter at $3.70, due to the bullish withdrawals experienced at the end of the winter.
Friday, March 22, 2013
SG Commodities Review: Oil
SG Commodities Review: Oil
Michael Wittner
2013.03.20
■ Strong growth in Chinese demand is driving 1.1 Mb/d of global consumption growth this year. Total growth in non-OPEC supply, including OPEC NGLs, comes to 1.4 Mb/d, driven by 1.0 Mb/d growth in US liquids output. Saudi Arabia has been cutting proactively and aggressively to balance the market.
Michael Wittner
2013.03.20
■ Strong growth in Chinese demand is driving 1.1 Mb/d of global consumption growth this year. Total growth in non-OPEC supply, including OPEC NGLs, comes to 1.4 Mb/d, driven by 1.0 Mb/d growth in US liquids output. Saudi Arabia has been cutting proactively and aggressively to balance the market.
Office Vacancy Declines In Major Markets In Q1 2013
Office Vacancy Declines In Major Markets In Q1 2013
Biggest Drops in Denver and San Francisco Office Markets. Moderate Decline in Industrial Availability.
Los Angeles, March 21, 2013 – Office vacancy rates declined or held steady in most major U.S. markets during Q1 2013, according to preliminary data from CBRE Group, Inc. Six of the 12 largest markets showed declines in office vacancy, led by Denver and San Francisco, while two markets remained stable. Industrial availability* continued to decrease moderately in major U.S. markets, according to CBRE.
(Read More: Office Vacancy Declines In Major Markets In Q1 2013)
Biggest Drops in Denver and San Francisco Office Markets. Moderate Decline in Industrial Availability.
Los Angeles, March 21, 2013 – Office vacancy rates declined or held steady in most major U.S. markets during Q1 2013, according to preliminary data from CBRE Group, Inc. Six of the 12 largest markets showed declines in office vacancy, led by Denver and San Francisco, while two markets remained stable. Industrial availability* continued to decrease moderately in major U.S. markets, according to CBRE.
(Read More: Office Vacancy Declines In Major Markets In Q1 2013)
Thursday, March 21, 2013
Turkey May Block Use of Natural Gas for Cyprus Bailout
Turkey May Block Use of Natural Gas for Cyprus Bailout
Published: Thursday, 21 Mar 2013 | 3:13 PM ET
Turkey could challenge any move by Cyprus to speed up offshore natural gas exploration as a way of attracting desperately needed investment to save its teetering economy, senior Turkish officials said Thursday.
http://www.cnbc.com/id/100579091
Published: Thursday, 21 Mar 2013 | 3:13 PM ET
Turkey could challenge any move by Cyprus to speed up offshore natural gas exploration as a way of attracting desperately needed investment to save its teetering economy, senior Turkish officials said Thursday.
http://www.cnbc.com/id/100579091
Wednesday, March 20, 2013
First Insights: China: HSBC flash manufacturing PMI rebounds in March
Economics Research | Asia Ex-Japan
21 March 2013
First Insights: China: HSBC flash manufacturing PMI rebounds in March
The HSBC China flash manufacturing PMI rebounded to 51.7 in March from 50.4 in February, much stronger than expected (Consensus: 50.8; Nomura: 51.0). The 1.3 percentage point (pp) jump in March cannot be explained by seasonal factors alone. Since the HSBC PMI data started in 2005, there have been four years when the lunar new year holiday fell in February; in these years, the PMI rose by an average of 0.6pp in March.
21 March 2013
First Insights: China: HSBC flash manufacturing PMI rebounds in March
The HSBC China flash manufacturing PMI rebounded to 51.7 in March from 50.4 in February, much stronger than expected (Consensus: 50.8; Nomura: 51.0). The 1.3 percentage point (pp) jump in March cannot be explained by seasonal factors alone. Since the HSBC PMI data started in 2005, there have been four years when the lunar new year holiday fell in February; in these years, the PMI rose by an average of 0.6pp in March.
Tuesday, March 19, 2013
Colony Capital Securities Fraud Losses
Colony Capital Securities Fraud Losses
We are currently investigating claims of investors of Colony Capital. From approximately July, 2008 through July, 2010, Gary Snisky and David Burch of Colony Capital, LLC and other related companies such as Colony Capital Holdings and Colony Capital Group (“Colony”), carried out a scheme to defraud investors by investing his clients in a so-called “private equity fund” secuties. The clients lost at least $3.2 million with the promise of an annual rate of return on their investment based on the misrepresentations and omissions of the risks of making the investment.
http://www.jpedersonlaw.com/blog/2013/03/18/colony-capital-securities-fraud-loss/
We are currently investigating claims of investors of Colony Capital. From approximately July, 2008 through July, 2010, Gary Snisky and David Burch of Colony Capital, LLC and other related companies such as Colony Capital Holdings and Colony Capital Group (“Colony”), carried out a scheme to defraud investors by investing his clients in a so-called “private equity fund” secuties. The clients lost at least $3.2 million with the promise of an annual rate of return on their investment based on the misrepresentations and omissions of the risks of making the investment.
http://www.jpedersonlaw.com/blog/2013/03/18/colony-capital-securities-fraud-loss/
Monday, March 18, 2013
Chile: All Signs Point to Buoyant Domestic Demand
Chile: All Signs Point to Buoyant Domestic Demand
Nader Nazmi - Market Economics
Latam Macro Snapshot | 18 Mar 2013 17:17 |
Data releases today confirm that domestic demand strength underpinned a rapid rise in real output and widened the current account deficit in Q4. Recent data indicate that early in Q1 domestic demand continued to grow at a pace that likely exceeded the economy’s potential, increasing the risk of overheating.
Nader Nazmi - Market Economics
Latam Macro Snapshot | 18 Mar 2013 17:17 |
Data releases today confirm that domestic demand strength underpinned a rapid rise in real output and widened the current account deficit in Q4. Recent data indicate that early in Q1 domestic demand continued to grow at a pace that likely exceeded the economy’s potential, increasing the risk of overheating.
Power Shift: Energy Boom Dawning in America
Power Shift: Energy Boom Dawning in America
Published: Monday, 18 Mar 2013 | 11:28 AM ET
By: Patti Domm
CNBC Executive News Editor
Randy Foutch calls it a renaissance, but when you listen to the veteran Texas oilman and others describe America's nascent energy boom, it sounds more like a miracle.
http://www.cnbc.com/id/100563497
Published: Monday, 18 Mar 2013 | 11:28 AM ET
By: Patti Domm
CNBC Executive News Editor
Randy Foutch calls it a renaissance, but when you listen to the veteran Texas oilman and others describe America's nascent energy boom, it sounds more like a miracle.
http://www.cnbc.com/id/100563497
Friday, March 15, 2013
China: Rising risks of financial crisis
Asia Special Report: China: Rising risks of financial crisis
· China is displaying the same three symptoms that Japan, the US and parts of Europe all showed before suffering financial crises: a rapid build-up of leverage, elevated property prices and a decline in potential growth.
· China is displaying the same three symptoms that Japan, the US and parts of Europe all showed before suffering financial crises: a rapid build-up of leverage, elevated property prices and a decline in potential growth.
Turkey: December unemployment rate
Turkey: December unemployment rate
Temporary rise in the unemployment rate
In December, seasonally adjusted unemployment rate increased 0.1pp to 9.6%, and non-farm unemployment rate increased 0.2pp to 11.8%, on our calculations. The employment and participation rates remained strong at 46.0% and 50.9% respectively, only a tad below the record high levels of 46.1% and 51.0% in November.
Temporary rise in the unemployment rate
In December, seasonally adjusted unemployment rate increased 0.1pp to 9.6%, and non-farm unemployment rate increased 0.2pp to 11.8%, on our calculations. The employment and participation rates remained strong at 46.0% and 50.9% respectively, only a tad below the record high levels of 46.1% and 51.0% in November.
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