PVM Midday Report 13 June 2016
Headlines
OPEC hints at tighter oil balance in 2H 2016; output down 100,000 bpd in May
Chinese implied oil demand falls by 380,000 bpd in May y/y to 10.24 mbpd
Iran’s biggest oil…
Published Monday, July 7th, 2014
Headlines
Fundamentals
Economy: European stocks are slipping following their biggest weekly rally since March as investors assess equity valuations and digest weak economic data from Germany – the Eurofirst 300 is losing 0.3%. Risk appetite is waning after figures revealed that German industrial output unexpectedly declined 1.8% between April and May in what is the biggest drop for more than two years. News that investor sentiment leapt in July across the Eurozone as a result of increasing ECB monetary support is doing little to support the mood. Despite the mildly cautious environment, highly rated sovereign debt yields are steady whilst gold is down 0.6% at $1,313/oz.
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