EU finance ministers approve 7-year bailout extension to Ireland and Portugal

In terms of energy markets, in their latest Global Economic Perspectives piece, Deutsche Bank look at the impact of the US shale energy revolution, particularly for the manufacturing sector. According to Macro Strategy Analysts J. Reid and C. Tan, “The sharp discount of US energy prices relative to international equivalents provides a significant comparative advantage. As a result, US manufacturing is likely to benefit, rather than be hurt by, the shale energy boom.”