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ECB Accounts reveal growing concerns over inflation risks

The European Central Bank (ECB) released the accounts of its latest monetary policy meeting on Thursday, revealing growing concern among policymakers over persistent inflationary risks. The discussions show a consensus within the Governing Council that the risks surrounding the inflation outlook are skewed to the upside relative to the ECB…

Rising geopolitical risks and Russian diesel ban – ING

ING analysts Warren Patterson and Ewa Manthey note that Oil has extended its rally as renewed US-Iran tensions threaten the fragile ceasefire and disrupt flows through the Strait of Hormuz. ICE Brent has moved above $78/bbl, while Russia’s ban on diesel exports until end-July intensifies middle distillate supply concerns. ING highlights tighter US product inventories and expects stronger demand for US barrels.Brent supported by supply disruptions”ICE Brent settled 5.2% higher yesterday at a little over…

Business

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Delta rolls out lower-cost premium cabin fares with fewer perks

Delta Air Lines is rolling out lower-cost fares for some of its premium cabins, but travelers will have to give up some perks. The Atlanta-based airline announced Wednesday the launch of three new “basic” fares, expanding its no-frills pricing model to higher-end cabins, including Delta First, Delta Premium Select and…

Markets

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Investing

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