Oiling the wheels
During a week with minimal market-moving data and few central bank announcements, attention in the financial markets has turned towards the oil sector. This shift is primarily due to a significant drop in oil prices, which have reached three-month lows, with Brent crude trading at approximately $80 per barrel. In our charts this week we look at the following factors:
Record-low global supply chain pressures
The recent retreat in global commodity prices
Sticky euro area inflation expectations
Negative FDI flows in China
The weakness of the UK's trade flows with the EU
Weaker credit growth in…
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