Fragile rebound on financial markets. PMIs point to China’s economic slowdown
After a tough day and even a tough week that saw the main equity markets losing between 3 and 4%, Asian markets posted strong rebounds…
ICE Brent prices reversed to 72.6 $/b, as the dollar surged against other currencies, due to the more hawkish US macro policy outlook. Interestingly, time spreads at the prompt climbed higher during this event, still valued at 80 cents at the prompt, as fundamentals were not affected by macroeconomic policy. WTI-Brent spreads reversed slightly but we remain constructive on this spread.
Get more analysis and data with our Premium subscription
Ask for a free trial here