The concern has been that this conflict in israel, between israel and hamas would lead to a widening Global Crisis that would threaten the Global Oil Supply and thats why we have seen these crude Oil Prices Rise in the last week, rising up 7. 5 , marking its biggest weekly rise since february. This morning we are seeing that we can to steady and there are a couple of reasons why there are a couple of reasons why the market is changing its tune is one of them is Bank Earnings which we pointed out on the other is present by the s planned a visit to israel. We can start with President Biden and his visit comes at a crucial type and is being taken by investors as a signal that the crisis might see efforts to be contained. We are seeing that temperance not only in the price of crude oil but also with investors pulling back slightly from some of the safe haven assets, things like cold gold and stable currencies and treasury bonds. When we get to the big Bank Earnings, this is earning season
Over the next few days so i will launch into it. Concentrate. At the moment the weather is not looking bad at all, i think for the rest of todayit bad at all, i think for the rest of today it is a case of Hazy Sunshine and mainly dry weather. But from mid week onwards its looking horrible across some parts of the country and really a lot of rain on the way. The Satellite Picture with storm babet spinning around just to the west of portugal but the Weather Fronts and rain bearing clouds all the way to the north. Look at this complicated weather maps over the next few days with a huge area of low pressure with a huge area of low pressure with lots of Weather Fronts spinning around, we will see waves of rain coming our way affecting different parts of the country at different times and actually other parts of europe as well so a thoroughly miserable autumnal picture. This is the Rainfall Accumulation as the days go by. Obviously the darker the blue the more amounts of rain and in some are