US stimulus package lifts hopes
Brent prompt contract regained Monday’s losses to reach 56 $/b, despite a strengthening dollar. At the same time, diesel margins progressed higher in Europe and Asia.…
US bond yields weakened on Thursday as US employment data showed signs of a cooling US labour market. US 10Y treasury yields touched 1.67%, 7 basis points below Wednesday. Very strong US manufacturing data boosted growth expectations, with the Dow Jones rising by 1.2%. Japan’s Nikkei also rose by 0.6%. European indices grew similarly by about 0.6%.
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