Pre-Trading Thoughts

Bloomberg reported that last month's banking crisis that saw the collapse of three US lenders and Credit Suisse didn't produce the kind of turmoil seen in the lead-up to the 2008 meltdown, raising concerns about what might be coming down the line amid uncertainty about interest rates and inflation. Japan has split from its G7 allies and will now purchase Russian crude at prices higher than the USD60/bbl cap. Brent crude is currently trading slightly above USD85/bbl. Egypt's net foreign assets...