The stock markets are on the rise too, but many wonder if that can last long. Commodity prices are surging higher with oil prices now above $60/b (see the Daily Oil). In the US, the debate about the content of the stimulus package is intensifying inside the Democratic party, as risks of overheating are considered more seriously. The USD is weakening for the 3rd straight day and the EUR/USD is now trading around 1.2080.
Concerns about the spread of the Delta variant seem to have significantly diminished suddenly: bond yields rebounded, the US 10y nearing 1.3%. Stock markets were…
Brent 1st-nearby price is rather stable, just below $90/b. The market is not expecting much from the OPEC+ meeting today. A further production increase of 400kb/d is…
Falling LNG sendouts since the beginning of June in NW Europe (see the graph in our Daily Gas section) and steady gas-to-power demand notably for cooling purposes dragged…
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