Oil readying for a slowdown
Thursday 9th November 2023
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It looks like there\u2019s heightening expectations of a global slowdown, evidenced by further significant falls in oil prices today and an end to the equities rally in the US. NAB\u2019s Ray Attrill says one former ECB Governor has added to the melancholic tone by suggesting Europe is heading for a recession next year, whilst inflation expectations one year out have risen by half a percent in one month. But generally, today, a few non definitive words from central bankers, otherwise, it\u2019s been slim pickings.
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