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PVM Midday Report 11 March 2014

Published Tuesday, March 11th, 2014

Headlines

  1. German imports and exports rise in January at fastest pace in almost 2 years
  2. Poor weather hits UK industrial output in January, rise of 0.1% from December
  3. Exports of Iraqi Basra light planned at 2.58mbpd in April, up from 2.17mbpd in March
  4. Output at Libya’s 340,000bpd El Sharara oil field currently stands at 200,000bpd

Fundamentals

Economy: Tensions over the Ukrainian crisis and uncertainty surrounding the upcoming Crimean referendum continues to hinder risk appetite as European stocks struggle to make any advances – the Eurofirst 300 is easing 0.05%. Industrial metals are rebounding from yesterday’s decline as the impact of poor Chinese trade data fades with copper gaining 0.1% and aluminium surging 2%. Global growth prospects are receiving a welcomed boost from figures showing

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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.