The Morning Hark - 2 May 2024
Today’s focus..Powell arrests the market’s fears on rate hikes as he prays for shelter disinflation. Larger than expected balance sheet run off does a lot of his talking. Japan intervene again
Overnight Highlights
Prices are at 7.10 BST/2.10 EST, with changes reflecting movement from midnight GMT
Oil - Oil trading up close to one percent overnight with Brent and Crude July futures currently at 84 and 79. As they recover after a rough session yesterday with the EIA stats showing a much higher build than expected in crude stocks in the US last we…