Rishaad oil prices down by 3 over the last three days. Big falls overnight are having repercussions, in particular for australian markets and the aussie dollar. It may be a bit of a brighter prospect if you are an oil bull in the future. It does suggest that if you look at 2021, prices are likely to be breaking to the upside. Deliveries in the near future having a higher price of those made later on. You could also argue that rising longterm prices show the market is going to the view that high prices are perhaps more sustainable. Again, the caveat is a longerterm. This is the outlook for prices for four years from now that should give greater encouragement to bulls of oil and commodity markets, generally speaking. Action in oil iea talking about the shale revolution, revising down shortterm demand prospects for 2018. In the near term, not a lot of positive catalysts to be found. Concerns over lack of progress on tax reform. Were looking ahead to u. S. Inflation numbers, with the index
Policies, and employment at a 14 year low. Macau finally bouncing back from chinas crackdown on corruption and excess. Rishaad beijing is to relax the rules on foreign carmakers. Local,something fairly the diversions between u. S. Rates and hong kong rates. 8081,ring up this chart the cap the highest since 2008, a widening gap, putting pressure on the hong kong dollar, and as result this is what we have going back a year and a half. Band and dont forget the 7. 757. 85, weakening here as we have pressure coming rate not being passed bor not reflected. Haidi it always reacts on any move out of the fed, but relief rallyreall turning into this global reflationary rally. We are waiting on the tax plan from President Trump, giving optimism to u. S. Markets, close to record highs overnight, trickling through when it comes to Risk Appetite in asia. 30 minutes away from that crucial open. Chinese markets in the green yesterday, but trading to fourmonth lows. Singapore, taiwan, and malaysia comi
Target, prices refusing to budget in march. Haidi chinas oil giants benefit from cruise gradual recovery. Opec says producers are unified in rebalancing the market. Rishaad the regions banks are starting to report earnings, so far reflecting a general upturn in the economy. Right, lets have a look at what has been going on today, dominated by currency markets to some extent with mario draghi beast. D as an elusive doing nothing to cement a vision that tapering will start when it comes to the Monetary Policy situation in europe. Suggestingindicates more power to move currency markets. We are looking ahead as well to data out of the united states, a first read of firstquarter gdp later today, as slew of japanese news as well. Haidi extraordinary Monetary Policy around the world. Take a look at this chart 5548, fed, boj, boe, ecb, starting to see that the versions, no surprise is from the boj or ecb, exitario draghi saying an is too early to talk about, things are going better and adjusti
Growth may be slowing with the factory gate falling to 51. 2. Tighter property curbs and stricter financial regulations are likely to hit output at well. Has takenovery another step forward with 4. 5 billion in operating profit, leaning on the playstation, where operating profits will account for about a third of total profit. The company is expecting strong growth at its memory chip division. High order to maintain a profit level, we should challenge new business areas, but we should not be too aggressive. Details about the Management Strategy will be announced in may. Haidi the french president ial macron has won an endorsement from angela merkel, saying he would make a strong president. She said her support should not the as a surprise given candidacy of marine le pen. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. A quick check of the markets, setting up for a quiet session ,n a ship, hong kong, singapore
Growth may be slowing with the factory gate falling to 51. 2. Tighter property curbs and stricter financial regulations are likely to hit output at well. Has takenovery another step forward with 4. 5 billion in operating profit, leaning on the playstation, where operating profits will account for about a third of total profit. The company is expecting strong growth at its memory chip division. High order to maintain a profit level, we should challenge new business areas, but we should not be too aggressive. Details about the Management Strategy will be announced in may. Haidi the french president ial macron has won an endorsement from angela merkel, saying he would make a strong president. She said her support should not the as a surprise given candidacy of marine le pen. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. A quick check of the markets, setting up for a quiet session ,n a ship, hong kong, singapore