The Group of Seven countries, Australia, and the European Union imposed a $60 per barrel price ceiling on Russian sea-borne crude oil sales late in 2022. February 5 will see the continuation of sanctions on Russia following the alliance’s decision to extend them. In response to the US Treasury.
What should people invest in to make money after the Lunar New Year celebrations? Oil, of course, said the global head of commodities at Goldman Sachs (gated Bloomberg TV interview). When China and other Asian economies reopen after the Lunar New Year celebrations later this month, they will experience a.
Rates will still need to rise significantly, says Rehn ECB’s Rehn: Rates will still have to rise significantly, says De Cos at the ECB US EIA weekly oil inventories for the week ending Jan 6 +18,962K vs -2243K expected Treasury Auctions of $32 billion a ten-year bond with a high.
The upcoming Thursday CPI report is the pivotal event of the week, the last one before the Federal Open Market Committee convenes on the first of February. Predictions suggest that the data will show a decrease of 6.5% year-on-year from the prior 7.1%, still retreating from the peak of 9%.
Prior was +1694KGASOLINE +4114K vs +1186K EXPECTED Distillates -1069K vs -472K EXPECTED Production estimate +12.2 mbpd vs +12.1 mbpd SPR draw +800K (already reported) +17.627 mbpd (implied demand) +7.55 vs +7.51 mbpd prior Implied mboc demand 7.55 vs 7.51 mbpd prior The huge build was due to refinery closures because.
Today, WTI crude oil soared to as much as $77.15 but the price has since regressed to $76.00. This stock is experiencing a $0.98 increase today; however, it is threatened by the weekly US inventory data to be released in the near future. The private oil inventory figures from the.
Today, the three principal American indices have been trading up for the majority of the past four trading days, with the Nasdaq being on the brink of finishing in the green for four days in a row. The S&P and Dow have both advanced in three of the last four.
There is not much going on on the FX market today besides the yen and Swiss franc being weaker. Tomorrow’s U.S. CPI report and after that, there is not much to do. Tomorrow’s economic data consist of the EIA’s weekly oil inventory data, which is the only other item on.
Today, bond markets are being bought Headers: Villeroy of the ECB has declared that rates will be pushed higher in the future Bond markets are being bought today Domestic flights are being grounded by a malfunctioning IT bond markets are being bought today Domestic flights are being grounded by a.
China’s yuan not far from a 4 month high – policy support, COVID recovery, seasonal demand China to pause costly chip investments as Covid strains budget PBOC Guangzhou branch reportedly guides banks to provide offshore financing to developers ICYMI – China’s Finance Minister reiterated plans to appropriately expand fiscal spending.
Prelim 46.2 Prior 47.7 Lowest since May 2020 Firms hiked their selling prices at the softest pace for just over two years Lower prices for some inputs such as metals and fuel led to the slowest uptick in cost burdens since July 2020 The decrease in new orders was steep.
The first trading day of the year highlights a few opportunities in the market this year. I’m skeptical that price action this early is telling but some news items are notable and fit into themes I highlighted in the video below. 1) China reopening The China PMI today was awful.