The sharp drop in oil prices leaves them at very high levels
The oil market reacted logically to the announcement of a partial withdrawal of Russian troops massed on the border with Ukraine: prices showed their biggest daily…
US equity markets have reached new all-time highs, underlining how fundamentally optimistic they remain. But more mixed Asian markets, the slight rise in bond yields (the 10-year US Treasury is close to 1.3%) and the upward tremor of the dollar (1.1740 against the euro) seem to reflect greater caution ahead of Jerome Powell’s key speech on Friday in Jackson Hole.
The IFO survey will be published this morning in Germany, followed by the durable goods orders this afternoon in the United States, but, barring any surprises, the market could adopt a wait-and-see attitude until Friday.
Get more analysis and data with our Premium subscription
Ask for a free trial here