Aussie market pulled back with usual Friday profit taking as investors were not willing to carry risk into the weekend. The bounce with Oil took a breather as Saudi Arabia confirmed they were talking about freezing and not cutting supply. Non OPEC and OPEC countries will have to come up with a plan or the pain will remain for their budgets. PBOC, BOJ and ECB are knee deep in stimulus and that does not look like ending anytime soon. US Fed is walking away from rate rise cycle..…. (VIEW LINK)
Please sign in to comment on this wire.