Wednesday: Oil slides after weak European data
Oil prices fell a further 2% overnight to well under US$90/bbl after European PMI surveys showed a deeper contraction in activity and the IEA forecast oil demand falling by 2030 for the first time.
In our bonus deep-dive interview, ANZ’s Head of G3 Economics Brian Martin explains why the ECB is likely to hold on Thursday night for the first time in 11 meetings.
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