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PVM Midday Report 10 March 2014

Published Monday, March 10th, 2014

Headlines

  1. Latest Eurozone economic sentiment index hits near 3-year high
  2. North Korean flagged tanker completes crude loading at Libyan rebel-held port of Es Sider
  3. Loadings of Nigerian Bonny Light crude in April revised up to 222,000bpd
  4. Italian industrial output rises 1% in January from December
  5. Annual pace of Greek deflation decelerates in February from January

Fundamentals

Economy: European equities are struggling to recover from their first weekly decline since January as investors fret over Chinese trade data and lingering concerns over the Ukraine – the Eurofirst 300 is flat. Figures showing that Chinese exports unexpectedly dropped 18.1% in February from a year earlier put a damper on risk sentiment and precipitated a sell-off across Asian stock indices.

To read the rest of the report, please click here 

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.