Benoit Coeure, the European Central Bank Executive Board member in charge of markets, said he doesn’t see any reason to dilute the effect of negative interest rates on banks and signaled a new long-term loan series may be less generous than the previous round.
The outlook for commodities is bullish, according to Citigroup Inc., which expects raw materials to be supported by a confluence of positive factors including the agreement of a trade deal between Washington and Beijing, improved demand from China, and a weaker dollar.
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India’s benchmark stock index rebounded after two days of declines as earnings optimism outweighed concerns the economy may be damped by higher crude oil prices.
Energy is in focus this week as equity investors in several key Asian markets returned from holiday Tuesday to see crude oil prices have jumped to a six-month high.
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