Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough

Tumbling oil prices could provide a massive tailwind for global stock markets by prompting a broader equity rally and clearing a path for central banks to cut interest rates, Karen Ward, the Chief Market Strategist for EMEA at JPMorgan Asset Management, said on Monday, as a tentative U.S.-Iran peace deal is digested by markets. Investors are currently treating higher oil prices as a threat to stocks because of inflation and growth concerns. Oil prices plummeted on Monday following the announcement of a peace deal between the U.S. and Iran to halt…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.comWeiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com