Oil Prices Continue to Drive Sentiment - Investec
Research Team at Investec, suggests that the oil prices continue to drive sentiment in financial markets.
Key Quotes
“Shrugging
off both the inability for oil producers to limit supply at talks on
Sunday and talk of China being more cautious of further easing, whilst
also shrugging off the end of the three day strike of Kuwaiti oil and
gas workers that had temporarily halved the OPEC member's crude
production.
Oil prices continue their steady rise with Brent
moving above $45 a barrel. Safe havens like the Yen are starting to
weaken, commodity linked currencies like the Australian Dollar and
Norwegian Krone are strengthening, while calm in financial markets has
helped emerging market currencies like the Turkish Lira and South
African Rand recover substantially from their weakest levels against the
greenback.”
