AI Bias Analysis
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Copper traded around its highest close ever — and other metals advanced — as traders shrugged off the apparent deadlock between the US and Iran to join a broader rally for risk assets.
Source
Bloomberg Markets
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Emily Ashford, head of energy research at Standard Chartered, says "Brent seems to have found a sort of uneasy equilibrium at the moment between $100 and $105 [a barrel]." She speaks on Bloomberg Television as US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East. (Source: Bloomberg)
A liquefied petroleum gas carrier which has previously ferried Iranian cargoes is moving through the Strait of Hormuz while declaring that its crew and owners are Indian, according to ship-tracking data.
Ever since Covid, central banks around the world have had the same problem. They have tools that are designed to modulate demand, but so many challenges have involved the supply side of the economy. Whether we're talking about supply chain disruptions, the war in Ukraine, and now the war in Iran, these are all issues for which monetary policy is of limited value. Of course, the temptation is to "look through" these issues, recognizing the fact that these disruptions don't say much about the actu
Central banking on hard mode.
