All the day’s economic and financial news, as the oil price falls below $40/barrel after last Friday’s Opec meeting didn’t deliver a deal * Oil price hit by Opec row * Introduction: Santa Rally? 12.45pm GMT OVER IN BRUSSELS, EUROZONE FINANCE MINISTERS ARE GATHERING FOR A REGULAR EUROGROUP MEETING. There’s nothing too dramatic on the agenda - ministers are due to discuss banking supervision, the state of Greece’s bailout, and the general issue of pension reforms. #Portugal needs to submit draft budget asap insisted @pierremoscovici #Eurogroup 12.24pm GMT THERE’S A SMELL OF BURNING RUBBER, AND BURNT FINGERS, FROM GOLDMAN SACHS TODAY. Goldman's revised euro forecasts: 3-months $1.07 ($1.02) 6-months $1.05 ($1.00) 12-months $1.00 (0.95) End-2017 $0.90 ($0.80) Continue reading...
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