Macro & Oil Report: Review of 2024 and outlook for 2025
Macro & Oil Report: Review of 2024 and outlook for 2025 December, 18 2024 Macro & Oil In the latest EnergyScan podcast, Olivier Gasnier looks…
The continued rise in bond yields (1.37% for the US 10-year) reflects market nervousness ahead of tomorrow’s ECB meeting and the release of the Fed’s Beige Book this evening.

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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.