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PVM Midday Report 05 March 2014

Published Wednesday, March 5th, 2014

Headlines

  1. US and Russia set for face-to-face talks on Ukrainian crisis
  2. Eurozone business activity growth at 30-month high in February
  3. Libya’s El Sharara oil field remains shut, no signs of output resuming
  4. Planned maintenance to cut North Sea Forties throughput in June and July

Fundamentals

Economy: European stocks have stabilised after two days of intense volatility although the mood is mildly cautious as efforts to resolve the Ukrainian crisis through diplomacy continues – the Eurofirst 300 is down 0.15%. As talks on the Ukraine crisis take place later today between the US and Russia, the EU has announced its €11billion aid package to stabilise Kiev’s finances.

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Posted by Stephen Brennock

Stephen Brennock joined PVM in 2013 after having worked as a project manager for a business development firm. He graduated with a degree in Business Management in 2007.