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PVM Midday Report 07 March 2014

Published Friday, March 7th, 2014

Headlines

  1. Russia’s Assembly claims Crimea has right to referendum on status
  2. German industrial production rises 0.8% in January from December
  3. Planned North Sea Brent oil loadings for April steady at 120,000bpd
  4. Nuclear talks between Iran and world powers said to be “substantive and useful”
  5. Germany’s crude oil import bill in y/y fall of 13.2% during January

Fundamentals

Economy: European equities are struggling to match their global counterparts and look set to end a volatile week lower as traders await the release of February’s US jobs report – the Eurofirst 300 is slipping 0.45%. The cautionary mood is being compounded by fears of another flare-up in Ukraine after Russia’s upper house of parliament declared that Crimea has the right to hold a referendum on its future status.

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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.