[ad_1] JP Morgan expects Brent crude oil prices to remain flat in 2024, averaging $83 a barrel down in 2025, averaging $75 per barrel for this year, 2023 sees average $81 More: in 2023 demand is on track to grow by 1.9 million barrels a day, with non-OPEC supply is expected to surpass this with
[ad_1] JP Morgan expects Brent crude oil prices to remain flat in 2024, averaging $83 a barrel down in 2025, averaging $75 per barrel for this year, 2023 sees average $81 More: in 2023 demand is on track to grow by 1.9 million barrels a day, with non-OPEC supply is expected to surpass this with
[ad_1] Goldman Sachs have downgraded their view on Hong Kong-traded China stocks. cut Hong Kong-listed Chinese companies to market-weight cut Hong Kong firms to underweight remains overweight on Chinese onshore shares Citing low earnings growth and a potential consensus downgrade slowing growth stemming from the housing sector downturn, high debt levels, and adverse demographics GS
[ad_1] National Australia Bank is forecasting a November Reserve Bank of Australia interest rate hike of 25bp, which will take the cash rate to 4.35%. NAB on the Q3 CPI data that’s due on Wednesday, 25 October 2023 at 11.30 am Sydney time, whoch is 0030 GMT and 2030 US Eastern time in summary: services
[ad_1] Share: Australian Dollar continues to gain post-release of the RBA Meeting Minutes. RBA board members favored to maintain the current interest rates. Australia’s Consumer Confidence declined to 76.4 compared to the previous figure of 80.1. US Dollar faces challenges due to the dovish comments made by multiple Fed members. Fed member Patrick
[ad_1] General Motors is out saying that it expects to run out of parts at Kansas plant as soon as next week. This is because of the Missouri plant strike. The ship shortage from Covid, led to a shortage of autos for a few years and also to higher prices for used and new cars.
[ad_1] AUDUSD daily ING presents its views on the AUD/USD exchange rate, expressing confidence in a notable rebound in the Australian dollar by the end of the year. The bank’s bullish outlook is based on various factors, including expectations of continued monetary tightening by the Reserve Bank of Australia (RBA), potential surprises in inflation data,
[ad_1] © Reuters. FILE PHOTO: Japan’s former currency czar Eisuke Sakakibara speaks at an interview with Reuters in Tokyo, Japan February 6, 2017. REUTERS/Kim Kyung-Hoon/File Photo By Brigid Riley TOKYO (Reuters) – Japanese authorities are unlikely to intervene in foreign exchange markets to prop up the yen as the currency has already found some support
[ad_1] JPMorgan economists now no longer expect a US recession ‘this calendar year’. This is one of those instances where it becomes abundantly clear that the consensus has moved from recession…to mild recession…to soft landing…to no landing. I still think there’s room for optimism in risk assets because so much money that was on the
