A look at the day ahead in U.S. and global markets from Mike Dolan.
Russia announced plans to reduce oil productionThat said, the year-on-year oil price trend continues to be negative, as it's been all year and base effects from last year's price spike around the Ukraine invasion will only deepen that and weigh on headline inflation further.
And there were also few signs that China's sudden post-COVID reopening is feeding price pressures there. The dollar pushed higher too on Friday, but there was some wild gyrations in the yen on news of a potential new Bank of Japan governor. While the choice was initially seen as a hawkish move that may hasten the end of the BoJ's yield-capping easy monetary policy, the
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