Technical & Fundamental Oil Reports Specialists

Follow us

PVM Midday Report 26 March 2014

Published Wednesday, March 26th, 2014

  1. Turkey to help Iraqi Kurdistan in selling its oil on world export markets
  2. Italian consumer confidence jumps to three-year high in March
  3. US mortgage applications index falls 3.5% in week ended March 21
  4. Spain 2014 economic growth forecast at 1.2% 

Fundamentals

Economy: Global equities are approaching two-week highs as growing optimism over the US economy and diminishing concerns over the Ukrainian crisis lifts investor sentiment – the FTSE All-World is gaining 0.5%. Russian assets have continued to rebound as the rouble reaches pre-Crimea crisis levels. The positive mood is hurting demand for haven assets with gold steady at a one-month low while 10-year US Treasury yields add 0.1%.

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.