Markets absorb Fed announcements smoothly
For a detailed analysis of the Fed’s announcements after its meeting, you can refer to the News sent last night. Unsurprisingly, the process of reducing asset purchases should start…
ICE Brent crude prompt future dipped to 67.7 $/b after a reaching 71$ yesterday following the Houthis attack on Ras Tanura terminal. With no material impact on the Saudi oil infrastructure, the rally was poised to be short-lived. Yet, this could be a new hindrance to the normalization of the US-Iran relationship. The current softness in prices was likely caused by a strengthening dollar, pushing dollar-denominated commodities down. Yet despite the last two month of dollar weakness, preliminary trade data from China shows signs of modest growth, far from a super-cycle type of growth.
Get more analysis and data with our Premium subscription
Ask for a free trial here