Unexpectedly high inflation rate in Eurozone

In this week’s Macro & Oil energyscan podcast, Olivier Gasnier talks about how inflation is up in the Eurozone which is bound to mean higher rates and for longer time. The trends are less alarming in the US where it seems it is only job growth which is resisting monetary policy. Chinese demand is on the rise with positively high PMIs yet a modest target for GDP growth (only 5%). Particularly stable oil market with a slight increase in crack spreads.