Russian Deputy PM Novak says the global oil market will still be in turbulence for some time, and will take several months to stabilise, Interfax reports
Novak's comments highlight ongoing instability in the global oil market, suggesting persistent volatility that could affect pricing and supply dynamics.
ECB President Lagarde (Q&A), again asked about stagflation, says the characterisation belongs in the 1970s - an entirely different situation than today
US White House NEC Director Hassett says cannot discuss whether Fed Chair Powell gave White House heads-up and on Powell staying on, says he is disappointed in what Powell said
Russian Deputy PM Novak says the global oil market will still be in turbulence for some time, and will take several months to stabilise, Interfax reports
ECB President Lagarde (Q&A) says tightening of financial conditions seen recently is doing some of the work; notes they are not seeing any second-round effects
ECB President Lagarde (Q&A) says even if the conflict ended tomorrow, the impact on energy would still linger
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This could lead to increased caution among traders in the energy sector and may impact inflation expectations, which in turn might influence central bank policy in major economies. Keep an eye on oil prices and currencies tied to energy markets as sentiment adjusts.
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