[MARKET UPDATE] Crude continues gradually grinding lower, in turn supporting equities, fixed income, USD-pairs and spot gold; news flow light in recent trade
Supplies to the CPC pipeline have been reduced in line with lower output from the Tengiz oil field, sources suggest
Hungarian PM Magyar says will meet with EU President von der Leyen at 13:00 CET to conclude a political agreement on EU funds
[MARKET UPDATE] Crude continues gradually grinding lower, in turn supporting equities, fixed income, USD-pairs and spot gold; news flow light in recent trade
Japan's supplementary budget may reach JPY 3.1135tln for FY26 to address the costs associated to the Middle East situation, Nikkei reports; funding to be sourced through issuance of deficit-covering govt bonds
BoE Governor Bailey says have to monitor the situation in the Middle East and how it affects the UK economy and inflation very closely and adjust policy as required
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- WTI fell from around USD 88.50 to USD 87.20 over around 20 minutes.
- ES rose from 7587 to 7592 in the same timeframe
- DXY dipped from 99.17 to 99.09.
- UST futures rose a couple of ticks.
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