Asian markets seemed to shrug off the G-7 upset over the weekend in early trading, which seems to be counterintuitive — but this week alone will see several events that could result in increased geopolitical risk.
June 11, 2018
Last week the oil price did a U-turn based on expectations of production increases by an alliance of OPEC and non-OPEC countries. Brent had tested the $80 level over several weeks. It fell to $76.44 by Friday and some more in early Asian trading on Monday, reaching $74.50.
May 28, 2018
When US Secretary of Treasury Steve Mnuchin stepped out on Sunday to announce that the trade war with China was off for the time being, enthusiasm was muted. The US is halting plans to impose tariffs on $150 billion of Chinese imports. Markets took the news positively.
May 22, 2018
Oil’s runaway streak shows no signs of slowing, on the back of renewed US sanctions on Iran, and the impact of lower oil inventories. Brent crude futures continued climbing on Monday, rising as high as $78.20, with WTI passing the $71 a barrel mark for the first time since November 2014.
May 14, 2018