[MARKET UPDATE] Energy benchmarks continue to retreat, Brent below USD 107/bbl, following a handful of geopolitical updates. Adding to the gains in fixed benchmarks and equity futures.
Energy prices are slipping with Brent crude dipping below USD 107/bbl, likely influenced by recent geopolitical developments.
Italian Retail Sales MoM (Mar) M/M 0.8% vs. Exp. -0.4% (Prev. 0%)
"Iraqi Prime Minister-designate Ali al-Zaidi held a telephone conversation with US Secretary of War Hegseth about bilateral relations in various fields", Tasnim reports
[MARKET UPDATE] Energy benchmarks continue to retreat, Brent below USD 107/bbl, following a handful of geopolitical updates. Adding to the gains in fixed benchmarks and equity futures.
French S&P Global Composite PMI Final (Apr) 47.6 vs. Exp. 47.6 (Prev. 48.8)
French S&P Global Services PMI Final (Apr) 46.5 vs. Exp. 46.5 (Prev. 48.8)
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This retreat in energy benchmarks could signal shifting supply and demand dynamics, potentially impacting inflation expectations and central bank policy moving forward.
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