Stocks are deep in the red across Europe, despite some reduction in losses, but rising oil prices have helped prevent the FTSE 100 from falling further.
The FTSE 100 boosted again by oil
“Once again, oil prices came to the rescue of the FTSE 100, with the index looking to end a relatively quiet session on the day. OPEC rhetoric of a modest production cut was the spark of a new rebound in oil prices 100,000 barrels per day may not seem like much in the context of global production, but it signals that OPEC is not happy with the recent weakness in crude prices and does not is not particularly bothered by the prospect of a global recession which could cause severe damage to demand. If it continues to cut output if prices fall further, it risks intensifying the global recession which looks more likely with each passing day. pass.
European stocks rise from their lows
“After Friday’s dramatic after-hours reversal, European stocks managed to tiptoe off lows, but with the US out of sight, that may not last. this week’s ECB meeting offers a sunny outlook, and the Bank of England found that a faster pace of rate hikes doesn’t do much for your currency as the US economy looks capable of Better weather the storm Sentiment is in the doldrums, but unless the outlook starts to change, and soon, even a mid-month rally in equities seems short-lived.
Stocks are deep in the red across Europe, despite some reduction in losses, but rising oil prices have helped prevent the FTSE 100 from falling further.
The FTSE 100 boosted again by oil
“Once again, oil prices came to the rescue of the FTSE 100, with the index looking to end a relatively quiet session on the day. OPEC rhetoric of a modest production cut was the spark of a new rebound in oil prices 100,000 barrels per day may not seem like much in the context of global production, but it signals that OPEC is not happy with the recent weakness in crude prices and does not is not particularly bothered by the prospect of a global recession which could cause severe damage to demand. If it continues to cut output if prices fall further, it risks intensifying the global recession which looks more likely with each passing day. pass.
European stocks rise from their lows
“After Friday’s dramatic after-hours reversal, European stocks managed to tiptoe off lows, but with the US out of sight, that may not last. this week’s ECB meeting offers a sunny outlook, and the Bank of England found that a faster pace of rate hikes doesn’t do much for your currency as the US economy looks capable of Better weather the storm Sentiment is in the doldrums, but unless the outlook starts to change, and soon, even a mid-month rally in equities seems short-lived.