Daily Note – Who Would’ve Thought?

TrumpSummary

  • Time to expect the unexpected?
  • Tracking the oil/risk appetite dynamics
  • More wait & see from the Fed
  • United States: Stock declines hit consumer confidence
  • Eurozone: German business confidence slows

Good Morning,

So Donald is out in front? Who would’ve thought?

There’s a nice chart below – Equities and oil, who would’ve thought?

Commodity prices remain the X-factor in global financial markets. Late in US trading, it was reported that another 7.1 million barrels of oil went into storage last week, roughly doubling expectations. A multitude of OPEC headlines also hit throughout the day and it’s abundantly clear that no one is prepared to cut production, while Iran will continue to ramp up sales.

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GlobalMacro360 Daily Note 24th February 2016

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