Worrying Developments
Also Interesting
Market Flash
It was another dizzy week for fund managers. Oil prices were extremely choppy after Saudi Arabia said it intended to cut production and Donald Trump immediately riposted by urging Riyadh to do no such thing. This had a mixed impact on markets: oil is a index heavyweight so any reduction in demand would be harmful but less inflationary pressure would be welcomed by investors worried about central banks going too far with tightening. US-China talks seem about to resume after the mid-terms. It is too early to cheer this development but a pause in hostilities would be welcome.
