pmi - Financial Daily News Site

Weak PMI readings for Europe add to recession concerns

Weak PMI readings for Europe add to recession concerns

Notes/Observations – Central banks continued to hike to address inflation (Philippines, Norway in session). Moves recirculate recession concerns and raise second thoughts over rate path trajectories. – Collection of interest rate decisions this morning with both Norway and Philippines hiking 50bps and 25bps respectively, citing inflation as the fundamental target. Indonesia Central Bank left rates … Read more

Crude oil up over 3% in its sixth weekly gain; what should traders do? – Economic Times

Crude oil up over 3% in its sixth weekly gain; what should traders do? - Economic Times

It was an action-packed week for crude amid strong news flow which impacted crude oil prices harder. We saw more than 25% fluctuation in crude prices this week. Crude oil settled on a positive note in the international markets as WTI crude settled at $120.26 per barrel and Brent settled at $121.08 per barrel. Domestic … Read more