Oil price declined, back to last week level
At the end of a volatile day, oil closed lower. ICE Brent for September delivery (the new front month) settled at $109.03/b, that is a…
The rather disappointing January US job report reinforced expectations of a substantial stimulus package. The US Treasury Secretary strongly defended it and the Senate voted a budget resolution that clears the way for a vote without support from the Republican party. The stock market continues to rise, but inflation expectations and bond yields too. The euro rebounded against the USD on Friday, confirming that there is a strong support around 1.20 and that the upward trend may resume eventually, once there is some good news in the euro area.
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