Market Comment | Movements to safe havens increased amid global growth uncertainties

Summary

Germany’s industrial production plunged in December, against estimates of an increase (by -1.2% MoM; BBVAe: +0.4%, consensus: +0.5%), and in annual terms dropped more than expected (by -2.2% YoY; consensus: -0.6%). The IEA’s February report foresees lower oil demand. The report forecasts global oil demand to decrease from a five-year high of 1.6 million barrels […]

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