Tag Archives: oil
Recent weeks have not been kind to economic readings, with a mix of negative reports or failures to meet expectations. Today’s report on industrial production in March is in line with the overall soft trend for the first quarter.
A global “flight to safety” is taking place in financial markets since Russia took de facto military control over the Ukrainian southern peninsula of Crimea over the weekend. Equities were hit in Asia, Europe and emerging markets overnight, while Treasury bonds rallied. Financial markets in Russia were hit even harder. Oil prices have also risen, [...]