Reuters sources said that Russia may agree for other OPEC+ members to take its share of the quota but such a measure is likely to be phased in gradually. As such, the cartel is likely to stick to its current output increase policy at today’s meeting and not announce a major change to quotas. However, […]
Freight Management
Freight Management
Freight Management
04
May
May
Talking Oil (WTI)
Oil traders are turned to Europe today as the European Union debates over the shape of the looming embargo on Russian oil. This is a major medium- and long-term factor for oil prices and is pushing crude prices higher today. Amid such high level talks it is easy to miss another factor for oil prices […]
04
May
May
It’s All About The Fed
Today at 07:00 pm BST the Fed will publish interest rate decision and plans regarding shrinking its $9 trillion asset portfolio The Fed will raise interest rates by 50 basis points Further communication will be crucial when it comes to overbought dollar, oversold gold and US indices The Fed must face not only high inflation, but […]
03
May
May
Natgas up More Than 6%
Natgas is gaining more than 6% today and is again the highest since 2008 Natgas prices are gaining again amid slowing US production growth and insufficient infrastructure to increase gas production and availability to US consumers. The key shale gas production regions in the US, namely Permian and Appalachia, indicate that they have reached the […]
02
May
May
Good Morning Europe
Indices from Asia-Pacific traded mixed today. Nikkei gained 0.2%, S&P/ASX 200 dropped 1.2% and Kospi moved 0.4% lower Stock markets in China were closed for holidays. US futures trade little changed compared to Friday’s cash close. European futures point to a lower opening of today’s cash session. According to the Times, Russia is preparing for […]
29
Apr
Apr
U.S Data Heaps More Pain on Eur
Core PCE prices in the US which exclude food and energy fell to 0.3% month-over-month in March, following 0.4% gain in February and in line with market expectations of a 0.3% rise. Year-on-year, core PCE inflation went down to 5.2 % from 5.4 % in previous month and below analysts’ estimates of 5.3%. Personal income […]
29
Apr
Apr
Lets Talk Amazon (AMZN.US)
Amazon (AMZN.US) stock plunged 10.0% before the opening bell after the tech giant posted disappointing quarterly results and revealed a revenue forecast that missed analyst estimates. Company’s sales growth slowed down to 7.0% compared to 44% last year, meanwhile costs increased and its investment in electric vehicle company Rivian (RIVN.US) erased its profits. Revenue at $116.4 billion came in-line […]
29
Apr
Apr
Talking CHNComp
Coronavirus pandemic in China is far from over. While the number of new daily cases moderated recently, restrictions remain in place creating a drag on the economy. Mass testing is being carried out in more and more cities to identify Covid hotspots. Economic damage from such an approach will stretch beyond China due to the […]
29
Apr
Apr
Fridays Economic Calendar
European markets set to open higher Q1 GDP data from Europe US core PCE inflation for March to be released in early afternoon Futures markets point to a higher opening of the European cash session, following the stellar Wall Street session yesterday and upbeat trading in Asia today. DAX futures trade around 150 points above […]
29
Apr
Apr
Good Morning Europe
US indices had a stellar session yesterday in spite of the US GDP miss. S&P 500 gained 2.47%, Dow Jones moved 1.85% higher and Nasdaq surged 3.06%. Russell 2000 gained 1.80%. Stocks in Asia traded higher. S&P/ASX 200 added 0.7%, Kospi gained 1% and Chinese indices traded up to 3% higher. Stock market in Japan […]