EMEA Morning Briefing: Key Insights on ECB Rate Decision and U.S. PPI Data
Wednesday, 11 September 2024, 21:16
As the financial landscape shifts under the anticipation of critical announcements, all eyes are on the ECB rate decision and U.S. PPI data. Investors must remain alert as these factors hold significant weight on market moves.
Oil Futures on the Rise
Oil futures have recently advanced driven by disruptions in supply. Hurricane Francine poses a risk to six Gulf Coast refineries and ports, leading companies to curtail operations by about 25% of Gulf crude output.
Market Reactions
- Increased volatility in oil prices.
- Investor sentiment is on edge.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.