Costs, rebates and margins
China’s surprise stimulus measures released on Friday have paved the way for commodity-related plays, starting the week on a high.
ECB President Mario Draghi spoke twice last week and continues to be extremely dovish heading into next week’s policy meeting.
EUR/USD is testing the year’s low of 1.2358 this morning following on from Friday’s ugly session for the single currency.
The current squeeze in the world oil price has pushed most structural and fundamental aspects of the energy plays to the fringes, particularly the newly producing Oil Search.
The surprise of stimulus on Friday night saw a mass risk-on event for global risk equities.
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