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PVM Midday Report 07 April 2014

Published Monday, April 7th, 2014

Headlines

  1. Eurozone investor confidence index climbs to three-year high in April
  2. Kuwaiti oil capacity rises to 3.3mbpd, hopes to reach 3.5mbpd in 2015
  3. Libya’s Hariga port will need 10 days before receiving tankers
  4. Ukraine Defence Ministry accuses Russian soldier of shooting naval officer in Crimea

Fundamentals

Economy: Global equities are slipping from multi-year highs following Friday’s pull back on Wall St which saw so-called momentum stocks compromising mostly of high-tech shares suffering big losses – the FTSE All-World is easing 0.6%. Moreover, risk appetite is being dented from renewed tensions in Ukraine after pro-Russian protesters seized offices in several eastern cities. Fears of further secessions are undermining emerging market assets with Russian stocks tumbling 1% whilst the rouble declines 0.6% against the dollar.

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.