Oil, Gold Rise as Geopolitical Risks Grip Markets Ahead of U.S. CPI 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity 
Oil Prices Rise as Hormuz Tensions Threaten Global Supply 
Iran War Escalates as US, Houthis Target Ships Near Key Oil Routes 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
Add as a preferred source on Google
Economic activity in euro area gained further momentum in the first half of 2015, supported by acceleration in the periphery.
Past euro depreciation boosted export market shares, and euro area exports grew significantly more than world demand in H1. This is unlikely to continue, but domestic demand should be the main growth driver in the second half of 2015 and in 2016. The euro area GDP growth is projected at 1.5% in 2015 and 1.6% in 2016, estimates Barclays.
The bank kept growth forecast for 2016 unchanged at 1.6%, but revised the composition of growth to take into account a downward revision of global demand and the renewed weakness in commodity and oil prices.
The projections for the euro area, presented in their Global Outlook are identical to those published in the IMF's World Economic Outlook on 6 October, ahead of its annual meetings in Lima, claim Barclays.
