Tight gas outlook and conflict risks support prices – BNY

Tight gas outlook and conflict risks support prices – BNY

BNY’s Bob Savage reports that Oil remains a key market barometer as the Iran war disrupts supply, with Brent up sharply and the International Energy Agency warning that the global natural gas market will stay tight for at least two more years. The conflict has removed significant oil and LNG capacity, delaying new LNG expansion […]

Central bank is open to adjust monetary policy and made interventions

Central bank is open to adjust monetary policy and made interventions

Swiss National Bank (SNB) Chairman Martin Schlegel said at the SNB’s General Meeting during the European trading hours on Friday that the central bank has unrestricted room to maneuver on policy rate and made forex interventions. Additional remarks Middle East conflict will lead to subdued economic growth in Switzerland. Will adjust monetary policy if necessary. Higher […]

UK Retail Sales jump 0.7% MoM in March vs. 0.2% expected

UK Retail Sales jump 0.7% MoM in March vs. 0.2% expected

Retail Sales, a key measure of consumer spending, in the United Kingdom (UK) rebounded 0.7% month-over-month (MoM) in March after declining by a revised 0.6% in February, the latest data published by the Office for National Statistics (ONS) showed on Friday. The market forecast was for a 0.2% growth in the reported month. The core Retail Sales, […]