BACK TO SCHOOL NEWS FLOW: MORE QUESTIONS THAN ANSWERS

Edito The busy news flow of the last few weeks brought up many unanswered questions: - How will oil prices evolve in an increasingly tense geopolitical context in the Middle East after the episode of attacks on the main Saudi oil infrastructures last Saturday? - Would the Fed maintain its relatively "hawkish" stance with regard to the future path of Fed Funds rates (the "dots") as the first signs of a slowdown in activity in the United States begin to appear? - Finally, would the ECB's package be sufficient to support the euro zone's tepid growth, which is likely to slow further after a no deal Brexit? These are all uncertainties that will continue to weigh on the global growth outlook.