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Crude oil prices hit over $66 a barrel on Friday, setting a fresh high for the year and confirming their biggest monthly gain in over 10 years. July contract for Nymex WTI rose 92 cents and at one point touched $66.03 (up 29.8% this month). WTI is on course for its best monthly performance since [...]
The country’s forex reserves climbed $6.43 billion to $260.63 billion for the week ended May 22, compared with $254.20 billion in the previous week.Read more…
Volatility cools into the end of the week; but a glut of event risk next week promises to quickly revive the markets Monday. – With high-level event risk due next week, where will risk appetite fit into the equation?Read more…
JPN Retail Sales Decline Slows in April Japanese retail sales fell 2.9% in April compared to April of last year. That figure was better than forecast, but still reflects weakness in household spending as unemployment increases. It was the 8th straight month that sales were down. AUS Business Capital Spending Falls 8.9% in 1st Quarter [...]
The GFK Consumer Confidence Survey for May expected at -25, came in weaker at -27, same as the April reading. The Cable already trading off its recent highs did not budge on the release.Read more…
