Easter Monday causes liquidity to fall in European markets! "Key Points and Event Schedule for April 13"
Last weekend was Easter holiday with little activity, and events such as the OPEC Plus and G20 Energy Ministers' Meetings were held.
There is a focus on the trend of crude oil prices.
Also, the Turkish lira has been fluctuating up and down significantly.
There have been reports that Soyl insiders resigned, and reports that President Erdogan did not acknowledge them, creating a suspicious atmosphere.
We will also keep an eye on the movements of those involved.
◎ Today's Points of Attention
1) Easter Monday
Today, Australia and Europe are closed for Easter Monday, and liquidity is expected to be low.
The United States is on Easter holiday; attention is on the moves after the long weekend.
At the start of the week, Dow futures are down about 300 points.
Crude oil prices started the weekend with a drop to the early 22-dollar range after Mexico reached a production-cut agreement, but the cut volume did not meet expectations, leading to selling pressure.
It will be interesting to see how the market reacts at the New York open.
2) Crude Oil Price
Over the weekend, reports circulated that Mexico agreed to a coordinated production cut, with some reports stating a cut of 15 million barrels, while others stated 9.7 million barrels.
Last week, expectations of a 20 million-barrel cut pushed crude prices up to around $28.
Later, when reports indicated that, aside from Mexico, others would cut by 10 million barrels, the rebound disappointed, and crude prices ended the week in the low $23 range.
At the start of the week, prices are around the $22 range.
We will watch which information is accurate and how crude prices move.
Additionally, we will watch for what statements oil-producing countries make.
◎ Today's Event Schedule
April 13 (Monday)
Easter Monday holidays (Australia, New Zealand, Hong Kong, Germany, Switzerland, France, the United Kingdom, Sweden, Norway, Poland)
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