The joint ministerial monitoring committee (JMMC), the body tasked with monitoring the compliance of the 13 OPEC members and 11 non-OPEC oil producers with production adjustments, met on January 22nd. At the meeting, countries confirmed commitments to shoulder their share of the production cuts originally announced in November and December. Click here to read more.
With the recent weakness in oil prices, this Research Note analyses a range of factors contributing to the decline and considers the outlook for 2016.
While equity markets recovered in November, commodity markets remained volatile. Anticipation of a tightening of monetary policy in the US, contrasting with an expected expansion of the ECB’s quantitative easing programme in 2016, heavily influenced markets. To read more click here.
Investment Markets in October October saw a recovery in global equity markets following significant weakness over the previous two months. European equities saw the biggest rally, gaining over 10% in the month as the ECB indicated that it would expand its quantitative easing programme. Gains in non-euro assets were added to by foreign exchange gains as the euro weakened against …
Markets weakened in local currency terms in December but US and Japanese markets gained in Euro terms as the Euro weakened further. Equity market performances diverged in 2014 as European markets underperformed the US as the Eurozone economy lagged the recovery in the American labour and housing markets. US stockmarkets gained over 11% in 2014 with the 13% gain in …
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