With oil prices falling last night, the global reflation trade may continue losing steam. Ben also comments on the ECB's QE agenda, and the growth prospects for India and China.

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Tags:  Brent,  WTI,  oil,  OPEC,  global reflation,  Euro,  Mario Draghi,  ECB,  European Central Bank,  inflation,  US dollar,  greenback,  ADP employment,  non-farm payrolls,  India,  GDP,  commodities,  China,  manufacturing PMI,  credit risks,  managed slowdown,  shadow banking,  Australia,  iron ore,  Christine Lagarde,  Organization of the Petroleum Exporting Countries,  manufacturinf PMI