On Sunday the Iranian Minister of Oil Bijan Zanganeh announced that Iran will contemplate the oil production at the level of 4 million barrels a day. On March 20, the other oil producing countries will discuss the global impact on restricting the oil production. In January the price of Brent crude oil decrease below the 30 USD a barrel.
The Japanese stock market opened with a gain today, the Nikkei rose 1.7%. The stock market reacted positively to the unexpected strong growth of the Japanese machinery orders, which increase with 15% in February. The stock markets in the Middle East opened also with a gain. The markets mainly reacted to the high closing positions of the European and US markets on Friday.
The Bureau of Labor Statistics of the U.S announced that the U.S. import prices decreased with 0.3% in February, compared to January. Analysts expected a decrease of 0.7%. The price decrease was mostly caused by declining fuel prices. The export prices decreased with 0.4% in February compared to the previous month.
The 6M Euribor remained unchanged at -0.14%. The 10Y Swap remained unchanged at 0.64%.
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