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April 8, 2019

U.S. | Oil Prices Outlook. April 2019

OPEC+ cuts are tightening the market and driving up prices. The deal could be extended for the entire year. Sanctions to Venezuela and Iran could tighten supply further. However, OPEC has significant spare capacity to offset upward price pressures. In 2019, U.S oil production will expand further while substantial transporta…

January 28, 2019

Market Comment | Risk assets drop ahead of an eventful week. FOMC preview  

Financial markets started the week on the wrong foot, awaiting the outcome of a raft of events that will take place this week. High-level US-China trade talks and Wednesday’s FOMC meeting will be the main milestones. Additionally, a vote on May’s Brexit “plan B” along with the release of economic data in the US, Europe and …

January 26, 2019

U.S. | Oil Prices Outlook. January 2019

OPEC+ decision to reduce output prevented prices from declining further. The expiration of import waivers of Iranian oil could have a positive effect on prices. U.S. production is expected to remain robust through the year. Demand is projected to slow down as global economic growth weakens. Prices could move between $60 and…

January 25, 2019

Market Comment | Markets remained stable despite mounting signs of slowing growth

Cautious mood in markets during the week, amid the resurfacing of concerns about global growth. The release of China’s 4Q18 GDP -which confirmed the expected slowdown-, the cut in the IMF’s global economic growth forecast and disappointing confidence data pointed in this direction. Meanwhile, uncertainty about Brexit develo…

January 24, 2019

Market Comment | The EUR recovered after Draghi’s speech despite surrounding risks

Cautious mood seemed to prevail in markets. Today`s attention was on the euro zone due to the release of confidence data and the ECB meeting.  Meanwhile, despite the non-representation of the US administration in Davos, the US-China trade dispute continued in the forefront as the major players in the global economy pointed …

January 23, 2019

Market Comment | The GBP appreciated due to a potential Brexit delay

Financial markets remained cautious. The focus continued on US-China trade talks following yesterday's rumours about the US rejection of pre-talks ahead of high-level meetings next week. However, the information has been denied by both sides. The Brexit issue also came into the limelight with the possibility of a delay, whi…

January 22, 2019

Market Comment | Caution returned to markets ahead of Thursday’s ECB meeting

Cautious tone returned to financial markets amid the latest news about a formal US request for extradition from Canada of the finance chief of Huawei, which threatens to heighten US-China trade tensions. Moreover, the World Economic Forum in Davos started its first day with some important leaders missing, notably US Preside…

January 21, 2019

Market Comment| Financial markets remained steady despite China’s GDP release. ECB preview

Markets were little changed in a low volume trading session as US markets were closed. Today’s release of China’s 4Q18 GDP (early this morning) along with the release of May’s “plan B” on Brexit this afternoon will focus the market’s attention. The ECB meeting next Thursday, the World Economic Forum at Davos and multiple re…