It’s a very busy week: we start by providing updates regarding the main dish: the ECB meeting. We continue with analyzing the balanced US releases, previewing OPEC’s summit and continuing with the extremely busy week we have in US releases…
The recent decision of People Bank of China to cut its deposit rate by 25 bp and one year lending rate by 40 bp is the first step Beijing made towards dealing with the country’s economic slowdown. This news has…
Oil price (WTI and Brent) slipped last week: WTI declined by 2.24%; Brent oil, by 1.22%. As a result, the gap of Brent oil over WTI widened again: The premium ranged between $19.01 and $16.91 – the highest range in…