Markets cautious ahead of key week for central banks – business live

North Korea and Trump back in the spotlight ahead of Jackson Hole banking event

Oil is slipping back on worries that increasing US production could outweigh attempts by Opec to curb output and support crude prices.

Brent is currently down 0.19% at $52.62 a barrel while West Texas Intermediate, the US benchmark, is 0.1% lower at $48.46. Traders will be keeping an eye on an Opec technical meeting today. Ipek Ozkardeskaya, senior market analyst, at London Capital Group, said:

[At the meeting] nations are expected to ensure compliance with output cuts to prevent prices from diving again. Satisfactory comments could encourage a further recovery in oil prices.

In Asia the Nikkei 225 is down around 0.4%, and European markets are forecast to open lower:

Our European opening calls:$FTSE 7300 down 24
$DAX 12154 down 11
$CAC 5104 down 10$IBEX 10365 down 20$MIB 21762 down 53

Continue reading…

Read full original article »