Technical & Fundamental Oil Reports Specialists

Follow us

PVM Midday Report 27 March 2014

Published Thursday, March 27th, 2014

Headlines

  1. Nigeria set to lose title as Africa’s top oil exporter in May
  2. Q4 ’13 US GDP growth revised up to 2.6% from 2.4%
  3. UK retail sales bounce back by 1.7% in February from January
  4. French consumer confidence at two-year high in March

Fundamentals

Economy: European equities are struggling for traction as traders digest overnight losses on Wall St and uncertainty over the potential consequences from Russia’s annexation of Crimea – the Eurofirst 300 is up 0.03%. Russian assets, which had shown a strong degree of resilience, are coming under renewed pressure as the rouble slips 0.3% against the US dollar and Moscow’s Micex eases 1.6%. Haven assets are coming off in spite of the tentative mood with gold falling by as much as 1% to a six-week low, while the Japanese yen is 7 pips softer against the greenback.

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.