Daily Oil Fundamentals

No-one Can Avoid the Churn

06 Aug 2024

No-one Can Avoid the Churn

The quite remarkable market carnage seen yesterday has been somewhat calmed with the biggest catalyst for all the damage, namely the Nikkei, recovering nearly 75% of the value it lost. Experts and commentators pick over the bones of yesterday's bloodbath and again blame mainly falls onto Japan and the BoJ's probable quantitative tightening, the strength in the Yen and an evacuation of the so called 'carry' trade in global assets priced to Japan's currency.

Daily Oil Fundamentals

Bad News has Become Bad News

05 Aug 2024

Bad News has Become Bad News

For a year now investors had been positioning themselves for the time when the Federal Reserve decides to lower the cost of borrowing after keeping at ay 5.5% since July 2023. The move, the thinking went, would signal that inflation had been reined in and soft landing had been achieved.

Daily Oil Fundamentals

Markets Stumble Over US PMI

02 Aug 2024

Markets Stumble Over US PMI

Whether or not it is due to some members of the globe's wide investment suite downing tools for the Northern Hemisphere summer, a touch of divergence from central banks or a shifting geopolitical landscape in the Middle East, is rather difficult to say, but markets are suffering a small crisis of confidence.