
Commodities Move on Geopolitics and Weather as Oil Rises, Gas Falls, and Nickel Faces Supply Risks
Oil prices rose yesterday, in step with a global equity rally. However, peace talks remain a crucial area of uncertainty for the market

Oil prices rose yesterday, in step with a global equity rally. However, peace talks remain a crucial area of uncertainty for the market

Busy end of week with European defence push, ECB monetary policy decision, US tariff pause and NFP. No let-up in the news flow as the week draws to an end. Friday will be marked by the publication of the February Employment Situation Report, with our US economists expecting 180 thousand job creations (see NFP Preview), while Thursday’s session was punctuated by an abundant news flow:

While simmering trade tensions have been a key driver of FX markets this year, optimism about a potential ceasefire deal in Ukraine and stronger fiscal support, especially from defense spending, have also raised the prospects of a better outcome for European growth.
































