Chinese manufacturing outperforms expectations
Asian stocks retreated as US bond yields continued their upward trajectory, with the 10Y Treasury note solidified at a 1.73% yield, discounting future cash flows…
Crude prices continued to edge lower, at 65.2 $/b, for ICE Brent prompt contract, as reported inventories in the US showed small builds in crude inventories. Markedly lower implied demand created builds across products. The health situation in India continues to be closely followed and monitored by market participants, especially by looking at Indian buying in the West African crude market.
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