Afternoon audio analysis 24.08.2016
The oil market remains volatile. However, we may have to wait at least few weeks for a fundamental breakthrough.
Marcin Lipka, analityk Cinkciarz.pl
This audio analysis is not a recommendation within the meaning of Regulation of the Minister of Finance of 19 October 2005. It has been prepared for information purposes only and should not serve as a basis for making any investment decisions. Neither the author nor the publisher can be held liable for investment decisions made on the basis of information contained in this commentary. Copying or duplicating this report without the written permission from Cinkciarz.pl Sp. z o.o is prohibited.
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Strong changes in the oil market have a relatively small impact on retail prices of fuel.
The mixed PMI readings from the euro zone should not impact the ECB base case scenario.
Further gains on European sovereign bonds is fairly low in the current circumstances.