Hints and tips:
...“It looks like a happily divergent ECB has sent the euro weaker against the dollar,” said Chris Turner, head of global markets at ING....
...Brent crude rose above $90 a barrel this week, its highest level since last November....
...International benchmark Brent crude settled 0.7 per cent lower at $86.21 a barrel, while US marker West Texas Intermediate declined by 0.8 per cent to $82.51....
...Events this week will determine whether investors begin next year focused on inflation or the threat of recession, Turner added....
...Brent crude, the international benchmark, was down 0.9 per cent at roughly $40 a barrel....
...“The speed of [investors’] departure from emerging markets has been staggering,” Mr Turner said....
...“While the latest central bank actions might have materially helped, it is still too early to call for a bottom,” said Chris Turner, global head of markets at ING....
...Brent, the international benchmark, also lost 6 per cent to $23.03 a barrel, its lowest level since 2002. The renewed pressure on oil prices dented investor confidence in global equity markets....
...Daniel Seal CEO, Unbound Andy Wilkins CEO, Futr Jonnie Goodwin Head of Merchant Banking, Alvarium Theo Paphitis Founder, Theo Paphitis Retail Group Simon Rogerson CEO, Octopus Group Jonathan Turner...
...Chris Turner, head of FX strategy at ING, noted that this week would be relatively quiet in terms of economic data while the lunar new year suggested that Asia would not be a source of volatility....
...As Turkey is heavily reliant on imported oil, the 32 per cent fall in Brent crude — which is priced in dollars — from its October peak has provided relief to the country’s businesses and consumers....
...Joe Brent, analyst at Liberum, said: “It is a stock that everyone loves to hate at the moment. However, earnings and more importantly cash flow look steady....
...One top-10 shareholder has told the FT he would like the board to put in place a succession plan for Mr Turner who has served 10 years in the role. Mr Turner has said he is not going anywhere....
...Crude oil prices also retreated, with Brent crude down more than 5 per cent to $54.30 a barrel, the latest in a string of sell-offs that has left the international benchmark down 9 per cent for the week...
...“The pound once again is being buoyed by expectations that some kind of Brexit withdrawal deal can be struck before the October 17 European Council working dinner on Brexit,” noted Chris Turner, head of...
...Brent crude was trading at about $72.20 on Friday, less than $2 above its level at the start of the week....
...A rise in the price of crude oil — Brent hit $80 a barrel earlier this month — played a significant role, Insee said. Energy prices were up 10 per cent year on year, according to the data....
...Commodities Oil prices were volatile, with Brent finally settling at $72.07 a barrel, down 0.3 per cent on the day, after swinging between $71.86 and $72.89....
...“Washington’s use of economic sanctions as an arm of foreign policy is extending into FX markets,” said Chris Turner, global head of strategy at ING....
...Chris Turner, head of FX strategy at ING, warned that things could potentially get worse before they get better....
...Oil prices moved higher in spite of the firm dollar, with Brent back above the $67 a barrel mark and recording a weekly rise of 3 per cent....
...The day’s move left Brent down more than 12 per cent from January’s three-year peak above $71....
...Chris Turner, strategist at ING, said it had been no surprise to see equities run into profit-taking, given the strong gains recorded so far this year....
...Brent crude, the international oil benchmark, is down 0.1 per cent to $53.80 a barrel after touching its highest since May late last week....
...Chris Turner, head of FX strategy at ING, said US tax reform should continue to play a role in the currency markets this week....
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