Saudi Arabia & Other Countries Announce Surprise Oil Output Cuts
Oil jumped after Saudi Arabia and other oil producing countries, in a surprise move, announced production cuts in excess of one million barrels/day
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Oil jumped after Saudi Arabia and other oil producing countries, in a surprise move, announced production cuts in excess of one million barrels/day
Today’s data showed that UK GDP expanded by a lackluster 0.1% in Q4 q/q, with the Index subdued as it heads towards a profitable week, but losing month
The pair slides after factory activity in China eased and heads towards the conclusion of a mixed month, awaiting today’s UC PCE inflation update
The commodity runs its second positive week, rebounding from its recent plunge as sentiment improves, but markets now brace for Friday’s US PCE inflation update
Take a look at some corporations that will be on our focus over the coming months, as the second quarter and the new earnings season get underway against a highly uncertain backdrop, due to the recent banking turmoil
The pair pauses its four week-losing streak and rebounds from the recent slump, as fears over the banking sector ease
Watch today’s US Open for insights on the recent developments in the banking sector that seem to help sentiment, fresh geopolitical tensions and more
The pair is constructive after the US Fed was constrained to a conservative stance last week due to the banking turmoil and the BoE was forced to another increase due to the reacceleration in inflationary pressures
Fears over the financial system seem to ease today, helped by the sale of failed Silicon Valley Bank, but markets also contemplate prospects of a recession and geopolitical tensions
The German index starts the week on the front foot as European officials reassured markets over the health of the financial system, while the sale of failed SCV to First Citizens Bank helps sentiment
The two central banks appear to have a different approach on how the recent financial turmoil impacts monetary policy and the more hawkish stance by the ECB is supportive for the pair
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