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[email protected]: markets wobble in wake of trade spat

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[email protected]: markets wobble in wake of trade spat

4. there were several other high-profile stories that bear mentioning, even though they do pale in comparison to the overarching theme of trade wars. the bank of canada hiked interest rates as widely forecast, taking its cash rate to 1.50%. crude oil inventories were posted for the week, revealing a vastly lower level in inventories of -12.6m (forecast: -4.1m), sparking a paradoxical sell-off in oil, as fears around slower global growth, along the assumption that an oil undersupply will now drive production hikes, sparked a 5 per cent drop in oil prices.5. spi futures are indicating another lower open today, following what was shaping up as a successful end to the week prior to the trump administration’s trade war announcement. it was the ...