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  FOMC Minutes with a mixed tone fail to deter a  dovish rate outlook. European markets show early gains in trading. Despite the mixed FOMC minutes, the dovish outlook on interest rates remains unchanged. Focus on energy markets as WTI reaches a one-week high. European markets have started the session positively, seemingly unaffected by yesterday’s mixed Fed minutes. Despite concerns in the tech sector, notably led by Apple, causing a sharp decline for the Nasdaq, a series of positive data points from the eurozone, including a lower-than-expected French CPI figure (0.1%), and upward revisions to the eurozone services PMI reading, have bolstered sentiment. READ FULL ARTICLE HERE 

  GLOBAL ECONOMIC GROWTH IS FORECAST TO BARELY CLEAR 2% THIS YEAR, According to a Reuters poll of economists who said the greater risk was a further downgrade to their view, at odds with widespread optimism in markets since the start of the year. Falling energy prices, a slowdown in inflation in most economies from multi-decade highs, an unexpectedly resilient euro zone economy, and China’s economic reopening have led traders to speculate the downturn will be milder. That has driven MSCI’s all-country world index of shares up nearly 20% from October lows, hitting a five-month closing high on Wednesday, despite the greater risk central banks keep interest rates higher for longer rather than cut them. But economists as a whole were much less upbeat, paring back growth forecasts for this year and next from 2.3% and 3.0%, respectively, in an October 2022 poll to 2.1% and 2.8%. Their dourer mood flew in the face of some notable upgrades by banks in recent weeks. Read More