Russia and Saudi Arabia strike a deal Financial markets calm down The focus shifts back to the ECB and Fed The downward revision by the OECD of its economic forecasts is a sobering reminder of how challenging the global environment has become. It also implies that the decline in market nervousness this week, although very much welcomed, doesn’t fundamentally change the picture. Compared to last week not a lot has changed anyhow. Admittedly, the governor of the People’s Bank of
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