Risk appetite appeared insatiable last week. It was a sudden turn of sentiment after the previous week’s sell-off. Several developments are responsible for brightening the mood.
The oil market exhibited its bullish twitch yesterday in frankly what was a rather benign news backdrop. Such twitch can only be brought about by geopolitical actions, or as in this case, words.
‘Delusional’, ‘another massacre’, ‘total victory’, ‘we will make sure that Gaza is demilitarized forever’… These are the words Israeli Prime Minister Benjamin Netanyahu chose to use in his reply to the Hamas response, which included...
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