Daily Archives: November 29, 2019

  • Sweet crude, mild surprise, growth up 2.28% y/y

    Q3 2019 GDP growth was reported on Monday at 2.28% y/y, exceeding the Bloomberg consensus estimate of 1.85% y/y. However, it marked an improvement on Q2 GDP which grew at 2.12% (restated from the original print of 1.94%). Significantly, Q3 non-oil GDP grew at 1.85% which marked an improvement in Q2 when it grew at …

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Year Ahead-Re-risking the financial system

Year Ahead 2020: Re-risking the financial system

Oil prices: In a global oil market threatened with over-supply, it appears that OPEC, and its ally Russia, are doing a good job of limiting production.