India's statistics ministry has predicted 5% growth in the current financial year, the lowest in 11 years, and below China and Vietnam. Vietnam is predicting 6.5% growth in 2020 in terms of real GDP. Real GDP measures economic output adjusted for price changes.
Saturday, 18 January 2020
Monday, 6 January 2020
Brent Reaches $70 a Barrel on US-Iran tensions
The Brent March 2020 (front month) contract reached $70 a barrel. Front month Nymex WTI in contrast hovered at $64 a barrel (Feb 2020). Both curves were in backwardation. Gold was trading similarly high around $1580 led by the Feb contract. Gold and silver remain in contango. Stocks overall are down with oil majors bucking the trend (Shell up 1.17% in UK trading - RDSA, BP up 1.81% in US trading - NYSE:BP).
Isabel Schnabel to run ECB Market Operations
Germany's Isabel Schnabel has been appointed to the Board of the ECB overseeing market operations.
This is part of the reshuffle implemented by new ECB President Christine Lagarde (previously Managing Director of the IMF, the highest possible position in the IMF, second only to the First Deputy Managing Director).
Lagarde succeeded Mario Draghi (formerly Governor of Banca d'Italia) on 1 November 2019.
This is part of the reshuffle implemented by new ECB President Christine Lagarde (previously Managing Director of the IMF, the highest possible position in the IMF, second only to the First Deputy Managing Director).
Lagarde succeeded Mario Draghi (formerly Governor of Banca d'Italia) on 1 November 2019.
Subscribe to:
Posts (Atom)