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Drop in the price of oil was due to decreasing demand and exacerbating high prices globally, so pretty much everyone knew about that.
Raising rates isn't really an event let's say compared to meetings or speeches and rate hikes are still ongoing. It being not big enough would not be the...
ECB still has more work to do in taming inflation compared to the FED. So I'll like to stick with the presumption that this rally can go higher and maybe fueled once we start to see significant decrease in the Ukraine war or loosening of jobs in the US becomes apparent and we're far from that...