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OCBC Group Research cuts its quarterly Brent forecasts through Q2 2027 after shipping and crude flows in the Strait of Hormuz rebounded following a US‑Iran memorandum of understanding. OCBC said market expectations of supply normalization have pushed

2026-07-02

OCBC Group Research cuts its quarterly Brent forecasts through Q2 2027 after shipping and crude flows in the Strait of Hormuz rebounded following a US‑Iran memorandum of understanding. OCBC said market expectations of supply normalization have pushed prices back toward pre‑conflict levels and rekindled supply‑glut concerns. Revised Brent forecasts: 2026 Q3 $75/bbl (prev. $85), 2026 Q4 $75/bbl (prev. $80), 2027 Q1 $73/bbl (prev. $75), 2027 Q2 $71/bbl (prev. $75).

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2026-07-02

European bourses opened mixed on Thursday July 2: Germany's DAX 30 opened down 63.90 pts (-0.25%) at 25,005.21; Britain's FTSE 100 opened down 21.04 pts (-0.20%) at 10,457.30; France's CAC 40 opened up 9.97 pts (+0.12%) at 8,347.26; Euro Stoxx 50 ope

European bourses opened mixed on Thursday July 2: Germany's DAX 30 opened down 63.90 pts (-0.25%) at 25,005.21; Britain's FTSE 100 opened down 21.04 pts (-0.20%) at 10,457.30; France's CAC 40 opened up 9.97 pts (+0.12%) at 8,347.26; Euro Stoxx 50 opened down 13.05 pts (-0.21%) at 6,269.45; Spain's IBEX 35 opened down 0.47 pts (0.00%) at 19,406.13; Italy's FTSE MIB opened down 4.06 pts (-0.01%) at 51,600.50.
2026-07-01

Bank of England Governor Bailey: Forward guidance becomes quite tricky after a while.

Bank of England Governor Bailey: Forward guidance becomes quite tricky after a while.
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