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1.Market Observations, 8.Was Sticky

2 Dec 2016 (TheAge) – ‘Game on’ as OPEC rally fuels more bullish mood – OPEC cuts fuel optimism and post-Trump global reflation trade

(2 December 2016, The Age, BusinessDay, p20, Vesna Poljak)

‘An agreement by OPEC to reduce oil production has lifted energy stocks and caused a sell-off in global bonds on the expectation that higher oil prices will further fan inflation, picking up on the reflationary wave fuelled by Donald Trump’s election victory. The OPEC deal is the first co-ordinated cut of its kind since 2008 and if its members, including Saudi Arabia and Iraq, follow through on the accord it will mean output falls 1.2 million barrels a day from January 2017. Oil rallied near 10 per cent after the…’

Read more at TGheAge.com.au

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