The collapse of peace talks over the weekend has seen oil move back towards the $100 and European equities fall on Monday morning. Nevertheless, the ceasefire brings a glimmer hope that both side may be willing to reach an peace agreement in the coming weeks.
With a tenuous ceasefire agreed by both sides in the Middle East conflict, markets initially experienced a massive relief rally at the weekend. Equity markets surged and oil prices saw one of the largest one-day falls in recent history, falling 13% to $93 per barrel, while natural gas prices also moved sharply lower. Monday then saw oil prices back on the rise.
Join Jane Kavanagh from AIB’s Corporate Treasury desk, AIB Chief Economist David McNamara, Donal Whelton, Head of Agriculture & Food Manufacturing with AIB Business Banking, and Patrick Higgins, Head of Consumer Research, Food & Beverage at Goodbody, for this edition of AIB Market Talk focusing on Ireland’s agriculture and food manufacturing sector.
