Episode Details
Back to EpisodesThe Evening Allocator: OPEC trims its oil demand forecast; Italy's deficit exit in doubt; China frees up local borrowing room
Episode 688
Published 1 day, 19 hours ago
Description
OPEC trimmed its global oil-demand growth forecast for a sixth time to 400,000 barrels a day, while a halt in Strait of Hormuz shipping leaves fuel buyers paying a supply-shock premium. Meanwhile, the Bank of Italy warned Rome that borrowing over EU deficit caps for defence and energy threatens its exit from Brussels supervision, and China unlocked 550 billion yuan in unused local debt room to backstop year-end growth. Wall Street equities pushed higher on a bond-market holiday, with the S&P 500 up roughly 0.6% alongside a small uptick in the VIX.