Prices fall slightly, but market fundamentals remain tight
Oil prices are retreating, but Brent 1st-nearby was still above $93/b yesterday. It is back to $91/b, mainly due to the widespread correction in risky assets after…
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At the same time, the rebound of the USD reflects both this nervousness, but also the possibility that the anticipated tightening of ECB policy will be lighter than expected.
Japanese GDP growth was revised from +0.3% to +0.5% q/q in Q2. The economic calendar is still light today. The euro is trading below USD 1.184.