Fed and BoE meetings this week
Equity markets started November higher, following an October in which they more than erased September’s losses. Good corporate results in Q3 seemed to show that…
Brent prompt futures contract hiked to 54 $/b on early Tuesday, up by about 5%, as OPEC surprised market participants by reducing February output. The twist came from Saudi Arabia who decided to unilaterally cut production by 1 mb/d in February while allowing Russia and Kazakhstan to marginally increase their production for February and March. Other countries will rollover production cuts, until March when the group is meeting again.
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