Oil Continues to Rise as OPEC Considers Additional Moves

European yields are mixed, with Bund and Gilt yields climbing higher in tandem with the French benchmark, while Eurozone peripheral yields headed south, led by Spain as markets breathe a sigh of relief that the escalation of Spain’s conflict with Catalonia has been avoided for now. European stock markets narrowly mixed but IBEX rallies. Most European markets moved sideways, amid the lack of data releases and with investors waiting for the FOMC minutes and the wealth of central bank comments scheduled alongside the IMF and World Bank meetings. The Spanish IBEX is the notable exception and the index bounced back 1.20% after Catalonia’s leadership played for time and suspended the declaration of independence. The issue continues to hang over the Eurozone, but at least for now, Spanish stocks can take a breather. The Nikkei gained 0.28% after strong orders data and despite a stronger Yen.

Continue reading: https://www.iforex.com/news/oil-continues-rise-opec-considers-additional-moves-43175

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