Margin squeeze
Brent prompt futures continued to rally to 54.7 $/b on early Thursday as Saudi Arabia guaranteed that their voluntary supply cut would last two months…
US equities had their best week since February last week. The dovish speeches of some Fed members and the deal about the infrastructure plan in the US fueled optimism. Yet, the Fed’s preferred measure of inflation reached its highest level since 1992 in May and the delta variant keeps on spreading in the UK. The USD rebounded after having weakened significantly on Friday: the EUR/USD exchange rate is trading around 1.1930 after a peak at 1.1975 on Friday.
Get more analysis and data with our Premium subscription
Ask for a free trial here