Oil prices amongst market movers today – Danske Bank

Analysts at Danske Bank, suggest that after a week of thin Easter trading, focus will be on the uptrend in oil prices and on news from the ongoing US-China trade talks.

Key Quotes

“The start of Japan's Golden Week will likely keep volumes thin in that region this week.”

“The oil market will stay in focus after the comments by President Trump yesterday that the US plans to end Iran sanction waivers by 2 May. Notably, attention will centre on whether other OPEC members will ensure adequate oil supplies after a further fall in Iran oil exports, as indeed suggested by Saudi Arabia yesterday.”

“On the data front, we have a rather quiet day with the only notable release being the euro-area consumer confidence for April. Later this week the Riksbank meets (Thursday) and next week brings Chinese PMI, a Fed meeting and the US jobs report.”