Technical & Fundamental Oil Reports Specialists

Follow us

PVM Midday Report 27 May 2014

Published Tuesday, May 27th, 2014

Headlines

  1. Gunmen attack Tripoli home of new Libyan Prime Minster
  2. Italian consumer confidence rises to four-year high in May
  3. Next round of nuclear talks between Iran and western powers set for June 16-20
  4. Fighting rages on for a second day in Ukrainian city of Donetsk, at least 40 fatalities

Fundamentals

Economy: European equities are ticking higher as investors continue to shrug off a nationalist surge in the European Parliament elections and take comfort from further evidence that the ECB may soon ease policy – the Eurofirst 300 is adding 0.2%. Moreover, market sentiment is being buoyed by growing optimism of a resolution to the Ukrainian crisis after Moscow signalled its willingness to hold talks with Kiev’s newly elected president. This comes in spite of ongoing fighting in the eastern city of Donetsk where the death toll now stands at 40 which in turn is pushing Russian stocks 2% lower and sending the rouble down 0.3%

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.