Bonds are ripped and yields move higher around the world, taking the U.S. 10-year to the key 3 percent level. Strategists say the market is moving on a number of factors, but key drivers are the fact that the European Central Bank continues to signal it will end asset purchases and now even dovish Fed […]
Global oil supply hit a record high in August at 100 million barrels per day (bpd). Higher output from OPEC managed to more than offset seasonal declines from non-OPEC members, which nonetheless increased year-on-year, led by the U.S. August saw OPEC’s crude supply hit a nine-month high of 32.63 million bpd, despite falls in production […]
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Rand sinks as South Africa enters recession in second quarter Developing-nation currencies set for lowest since May 2017
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