In economic news, crude oil inventories and the price of the crucial
commodity surged to the highest level since November, topping $84 per
barrel, which gave a nice morning boost to the energy sector. The fact
that both the Chinese Consumer Price Index (CPI) and Producer Price
Index (PPI) turned negative on a year-on-year basis helped the overnight
rally in risk assets. Treasury yields are lower across the board due to
the deflationary data, especially with the long end of the curve
dropping in the first hours of trading.
No comments:
Post a Comment
Imagination is more important than knowledge. Knowledge is limited.