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Bloomberg Surveillance
Single Best Idea with Tom Keene: James Steel and Javier Blas
Apr 9, 2024
James Steel and Javier Blas talk about stock updates, monetary policies, and the impact of commodities on global markets. They delve into olive oil insights, discussing price fluctuations, consumer preferences, and anticipated crop improvements in Southern Europe.
06:38
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Quick takeaways
- Expected drop in olive oil prices due to better crop, benefiting consumers.
- Gold remains a preferred safe-haven asset for investors amidst market volatility, particularly in China.
Deep dives
Importance of Olive Oil Demand from Spain
The podcast episode highlights the booming demand for olive oil from Spain, emphasizing its excellent quality and the positive news for olive oil enthusiasts. Spanish olive oil, along with olive oils from other origins like Portuguese and Italian, are expected to experience a drop in wholesale prices due to an anticipated better crop. The decrease in wholesale prices is projected to translate into retail price reductions, providing good news for consumers.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode