WTI Plummets As Surprise PBoC Rate Cuts Raise Uncertainty Over China’s Economic Outlook
By:
TalkMarkets
July 22, 2024 at 11:02 AM EDT
The Oil price dives further amid growing concerns over China’s economic outlook. The PBoC surprisingly reduced its Loan Prime Rate by 10 bps. Kamala Harris’s nomination for Democrats’ leader has increased US political uncertainty.
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