Progress on the Iran nuclear deal has put the spotlight on a significant crude stockpile held by Tehran that could be quickly shipped to buyers if a deal is struck. As Bloomberg reports, about 93 million barrels of Iranian crude and condensate are currently stored on ships in the Persian Gulf, off Singapore and near […]
Tag: Markets
Bloomberg: The energy crisis that permeates the markets leaves a trail of losers
The energy crisis that has sent inflation skyrocketing around the world is worsening every week, leaving stockbrokers with a challenge to find where to put their money, Bloomberg reports. The nightmare scenario that has unfolded this year has already taken its toll on stocks, which suffered a disastrous first half. A rally over the summer […]
Pressure on bond markets from looming interest rate hikes
The markets were negatively affected by the “aggressive” statements of central bankers and other members of the central bank. of the European Central Bank, who are pushing for more interest rate hikes, seeing that inflation cannot be contained. However, the minutes of the ECB’s latest board meeting are expected to be released this week, providing […]
Handelsblatt: Optimism in the markets could seriously disrupt the Fed’s monetary policy
The US Federal Reserve (Fed) has a problem: it wants to tighten monetary policy, but the markets don’t agree, Handelsblatt comments. Apparently, no later than August 10, many investors assumed that Fed Chairman Jerome Powell could once again take a more relaxed view of developments. Because it was on this very day that July’s US […]
BofA, JP Morgan cut price targets for European markets on recession fears
The rally in European stocks appears to have come full circle, strategists predict, with last month’s gains coinciding with cuts in their year-end price targets by both Bank of America and JPMorgan . The Stoxx Europe 600 index will close 2022 at 447 points, implying gains of less than 2 percent from now, according to […]
US: NAHB housing market index falls in August to 49, its lowest level since May 2020
The US NAHB housing market index has fallen six points in August, falling back to 49 points from 55 in July, and reaching its lowest level since May 2020. The market consensus expected the indicator to remain unchanged at 55. The builder confidence fell for the eighth consecutive month in August, as high interest rates, […]
UBS: Don’t get too excited about the stock rebound – The triple threat for markets
Her Eleftherias Kourtalis The recent rally in stocks, especially in July, caught many investors by surprise as markets rebounded despite aggressive central bank interest rate hikes, soaring inflation, energy turmoil in Europe, a new housing crisis in China and the war in Ukraine. which has shown no sign of ending. The improved risk appetite was […]
The Five Stages of Market Mourning – Perhaps we haven’t seen the worst of the bear market yet
Stock investors probably have a lot of grieving ahead of them before the… bear takes its last breath. According to the five stages of bear market distress, Mark Hulbert of Marketwatch estimates that we are currently in stage three. Which means stages four and five remain. Which unfortunately are the most painful. As with the […]
Oil is moving higher as hopes that OPEC+ will increase production fade
Oil prices rose in European trade on Friday as attention turned to next week’s OPEC+ meeting and expectations that it will dash U.S. hopes for a supply boost. Brent futures for September, which expire on Friday, gained $2.30 to trade at $109.44 a barrel, after touching their highest level since July 5, according to Reuters. […]
Asia falls, weighed down by technological -2% in Hong Kong
Stock markets in the Asia-Pacific region are moving lower at the beginning of the week with technology dragging the markets into negative territory. At the center of the interest was a Financial Times report over the weekend that said China plans to classify US-listed Chinese companies into three categories based on the sensitivity of the […]
