Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead.
This week we start with a roundup of price action in Asia where China held its prime lending rates unchanged, which was surprising, given how aggressively they had talked up the stockmarket and stimulus last week. Oil is never far from everyone’s lips, and Asia, once again, has bought black gold aggressively today. We look at the drivers and the outlook for oil. In that context, we touch on the Ukraine situation. With the data calendar quiet globally except for PMIs and Fed speakers, we ask whether the Russia-sanction inflationary wave will start to make its presence felt. Finally, it’s back to the UK and the Chancellor’s statement this week. Will he act on petrol prices to ease the cost of living, and will it make a difference?
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