03/07/2026 – FED: Growth in the number of payrolls is slowing, reducing the likelihood of a rate rise at the meeting at the end of the month – Read more news
EQUITY: European stock markets are testing new highs this morning after US labour market data surprised analysts’ expectations, recording the lowest growth in the last four months and reducing the likelihood of a hawkish shift by the Fed, with its next meeting due on Wednesday 29 July. Wall Street is closed today ahead of tomorrow’s 4 July public holiday.
OIL: According to a Reuters report, Kuwait is said to have significantly ramped up its crude oil production in recent weeks, reaching a peak of just under 2 million barrels a day in the last few days of June. In the pre-conflict period, the emirate’s production stood at around 2.5 million barrels a day. Also according to Reuters, on 18 June, the state-owned company KPC lifted the force majeure measures it had implemented following the outbreak of the Gulf conflict.
OIL: According to a Reuters report, Kuwait is said to have significantly ramped up its crude oil production in recent weeks, reaching a peak of just under 2 million barrels a day in the last few days of June. In the pre-conflict period, the emirate’s production stood at around 2.5 million barrels a day. Also according to Reuters, on 18 June, the state-owned company KPC lifted the force majeure measures it had implemented following the outbreak of the Gulf conflict.
