Across the financial asset and commodity price complex, oil continues to show the most volatility, crude oil benchmarks adding 2.5% or so to Tuesday’s 4% fall, reportedly on deepening pessimism about the demand and hence global growth outlook. In which respect former ECB chief Mario Draghi says the Eurozone will be in recession by year end, though he is pinning the blame for that partly on high energy prices. US equities are though having a good last couple of hours of NYSE trading, recouping most of their morning fall to be little changed on the day. The big USD is also fairly flat but where commodity linked ... (full story)