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ERO - Oil Extends Gains While Markets Await Fresh Incentives
Barclays Bank PLC
Overview
Financial centers that have been closed for the extended holiday have re-opened, but the news stream is light and market participants are digesting developments and positioning for this week's central bank meetings and the first look at Q1 US GDP. The US decision to end exemptions to the embargo against Iran led to a surge in oil prices, which are extending gains to new six-highs today. Equities are mixed, and there is some concern that investors in China got a bit ahead of themselves. While more equity markets rose in Asia, China was an