Citi says the global economy is better positioned to absorb an oil shock, with the recession threshold higher even if oil reaches USD 100/bbl.
Citi's assessment that the global economy is better prepared for a potential oil shock suggests a more resilient economic outlook, particularly if oil prices rise to USD 100 per barrel.
German Government spokesperson says the Hungary vote means Ukraine funds are expected to be released very quickly
[CALENDAR ADDITION] OPEC MOMR to be released at 13:00BST/08:00EDT
Citi says the global economy is better positioned to absorb an oil shock, with the recession threshold higher even if oil reaches USD 100/bbl.
Two Iranian-linked tankers have reportedly exited the Gulf via the Strait of Hormuz, ahead of the US-announced blockade; tankers sailing with oil, according to shipping data
Russia's Seaborne oil product exports reportedly +0.9% M/M in March, according to sources
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This could impact inflation projections and central bank policies, possibly leading to less aggressive rate hikes than previously anticipated. Traders should monitor how this sentiment affects commodity prices and the broader risk sentiment across currencies like USD and EUR.
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