“That would be a dovish surprise for FX markets and put pressure on euro crosses.
US West Texas Intermediate (WTI) crude fell 18 cents,or 0.3 per cent, to $70.12 a barrel, after rising 4.6 per cent on Wednesday. Meanwhile, international oil benchmark Brent crude declined 0.40 per cent to USD 71.94 per barrel. Already, there seems to be an increase in crude inventories as per the latest data by the US Energy Information Administration (EIA). For instance, in the 1970s the price of oil and food was rising disproportionately relative to other goods and services.
The Dow Jones Industrial Average on Wednesday closed with a sharp gain of 286 points; S&P 500 and Nasdaq lost jumped 37 and 133 points, respectively. The US stock futures, too, are in positive territory on Thursday.However, India VIX moved up by 4.14 per cent from 12.68 to 13.20 levels on Tuesday. For the second successive day, the US stocks closed higher. He is regularly cited in the Wall Street Journal, on CNBC and in the Financial Times.
The PBOC, on the other hand, is openly trolling at this point (see: above).
“To really enforce their credibility, the ECB could tie their rate path to an explicit calendar date – i.e.0