Saudi Arabia will freeze oil output only if Iran and others do so - Saudi deputy crown prince

Saudi deputy crown prince told Bloomberg on Friday, Saudi Arabia will freeze oil output only if Iran and others do so.

Key Quotes:

Saudi will join production freeze only if Iran and others do so

Low oil prices is no threat to us

Low oil prices extend the oil lifespan

Saudi Aramco to be moved to a public investment fund

Saudi aims for its income to be mainly from investment not oil

EUR/USD rangebound near-term – Danske Bank

Jens Pedersen, Senior Analyst at Danske Bank, sees the pair in a consolidative pattern prior to resume its upside...
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UK Manufacturing PMI disappoints - ING

James Smith, Economist at ING, suggests that heightened concerns about global growth continues to weigh on UK manufacturers, although it is possible that uncertainty surrounding the EU referendum is starting to hurt confidence.
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