Brent Archives - Page 2 of 16

Surprisingly dovish BoE, another rate hike possible

By Craig Erlam We’re seeing plenty of different approaches from central banks as they wrap up their tightening cycles, with the Bank of England on Thursday surprising with a hold, while not

21st September 2023

Markets/World

BoE decision a coin toss after encouraging inflation report

By Craig Erlam Everyone at the Bank of England undoubtedly breathed a collective sigh of relief on Wednesday, joining the rest of us, as inflation subsided much more than expected in August.

21st September 2023

Markets/World

UBS sees Brent trading in $90-100 range

Financial investors have added exposure to crude oil as a result of the tightening oil market and to benefit from higher roll returns, with the futures curve now more strongly downward sloped,

19th September 2023

Energy/Markets/World

Eurozone inflation revised lower

By Craig Erlam Eurozone headline inflation was slightly lower than the 5.3% initially reported in August, while core was unrevised and is now modestly higher. Both are expected to fall going into

19th September 2023

Markets/World

Another BoE hike likely as wage growth continues

By Craig Erlam The Bank of England may have little option but to raise rates again next week, despite comments recently indicating the debate will be fairly balanced. The UK labour market

12th September 2023

Markets/World

Yen spikes, EC downgrades eurozone growth

By Craig Erlam A relatively quiet start to the week from an economic data perspective, but we saw some decent moves in the markets, particularly in the Japanese yen. The yen jumped

12th September 2023

Markets/World

Traders on edge ahead of key events

By Naeem Aslam Investors in Europe and the US are preparing for a volatile week as the economic docket is full of fireworks. Since last week, concerns about the Fed’s interest rate

11th September 2023

Markets/World

Great week for Fed on strong US jobs data

By Craig Erlam If you’re a Federal Reserve official, you’ll find it hard not to be very pleased with the way this week’s gone from a labour market data perspective. The JOLTS

1st September 2023

Markets/World

Eurozone core inflation falls further, weighs on yields and euro

By Craig Erlam Eurozone economic indicators on Thursday have been something of a mixed bag, although traders seem enthused on the back of them, rather than disappointed. We’ve seen regional data over

31st August 2023

Markets/World

FTSE outperforms amid sterling weakness and falling UK yields

By Craig Erlam The pound was on the decline again on Thursday, having fallen over the last couple of days on the back of some worrying economic figures from the UK. Whether

25th August 2023

Markets/World