Rates are going up, up, up…

In this Macro & Oil energyscan podcast, Olivier Gasnier talks about the declines in the equity market for the third week in a row, surely due to monetary policy not functioning as well as expected, as inflation is still high and PMIs are on the rise. Markets are including more rate hikes in the US and EU in their forecasts, probably until at least June. On the oil market, prices are not moving much. The recovery of Chinese demand is staying a key factor.