Will they or won’t they?
NAB Morning Call
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The Impact of the OPEC Plus Cuts on the Financial Sector
Bank stocks have taken a bit of a hit there because the regulators talking about they might up the capital requirements by banks by as much as 20%. That'll slow down the economy, won't and drive consolidation in the banking sector. Now, OPEC, no surprise, the oil prices have risen after those OPEC plus cuts. But at the moment, you'd have to say that if this doesn't shore up prices, the risk is we'll see further production cuts at least.
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