IN THE OVERNIGHT 28 FEB
Mixed Markets Overnight Data/News US DATA TODAY COMMODITY HEADLINES OVERNIGHT Metals Silver: Worst Month in 3 Years Could Just Be a Start Gold set for biggest drop in 20 months on rate hike worries METALS-London copper set for first monthly drop since October Energy Chevron Raises Share Buyback Guidance To $10Bln To $20Bln Per Year […]
WEEKEND PREP 26 FEB
Markets were on the decline last week, further exacerbated after inflation data (PCE) data came in hot on Friday. Treasury yields jumped on Friday, pushing the policy-sensitive 2-year rate further into its highest levels since July 2007, after the Federal Reserve’s preferred inflation gauge came in strong for January. The 2- and 10-year yields ended […]
IN THE OVERNIGHT 24 FEB
Mostly Red Overnight Data/News US DATA TODAY OVERNIGHT COMMODITIES HEADLINES Metals Gold Price Forecast: Bulls Face a Challenge Ahead US PCE Data Energy Pemex hit by fires at three facilities in one day Diesel Pours Into Europe as Barrels From East Fill Russian Gap Singapore companies should manage own risks in Russian oil trade, minister says […]
IN THE OVERNIGHT 23 FEB
Mixed Markets Overnight-Much Better Than Yesterday Overnight Data/News US DATA TODAY Loaded with data today after a quiet few days OVERNIGHT COMMODITY HEADLINES Metals Peru protesters temporarily lift mining highway blockade, sources say (Copper) Energy Europe’s energy suppliers have reduced emissions by more than any other sector since 2010 US […]
IN THE OVERNIGHT 22 FEB
Sea of Red Overnight News/Data Japanese PPI Services (Y/Y) Jan: 1.6% (exp 1.5%; prev 1.5%) US DATA TODAY COMMODITY HEADLINES OVERNIGHT Metals Gold tiptoes higher as investors focus on Fed minutes Copper falls on Fed rate jitters; China demand in focus Energy Oil falls on worries interest rates will rise more and curb fuel demand […]
IN THE OVERNIGHT 21 FEB
Mixed Markets Overnight News/Data Europe stages a surprise recovery in manufacturing USD DATA TODAY COMMODITY HEADLINES OVERNIGHT Metals Gold listless as traders look to U.S. data for Fed clues Copper prices in London dip as weak China demand persists Energy China doubles Urals oil purchases during first half of Feb- sources, Refinitiv Poll shows Scots […]
WEEKEND PREP 20 FEBRUARY
The main theme this week seems to be: The disinflationary impulse is diminishing quickly fading. Let’s see what the banks are saying Nordea In January headline CPI ran at a 6.2% annualised rate, as the two largest disinflationary impulses, energy and core goods, ran out of steam, while service inflation continued to rise at a […]
IN THE OVERNIGHT 17 FEB
A Sea of Red Overnight News/Data US DATA TODAY Little data today aside from Fed speakers OVERNIGHT COMMODITIES HEADLINES Metals Gold faces third weekly drop on Fed rate-hike bets Copper heads for weekly gain as market fundamentals outweigh Fed fears Energy Oil prices on track to finish week 2.5% lower on U.S. rate hike worries […]
IN THE OVERNIGHT 16 FEB
Stronger Markets Overnight Overnight News/Data US DATA TODAY Another jam-packed day OVERNIGHT COMMODITIES HEADLINES Metals Gold claws back some ground as dollar retreats London copper rises from 5-week low as China hope supports Energy Annual upstream oil and gas investment needs to rise 28 Pct to $640 billion by 2030: New report by IEF and […]
IN THE OVERNIGHT 15 FEB
Mixed Markets Overnight Overnight News/Data Trade Balance NSA Dec: -€8.8B (prev -€11.7B) Industrial Production SA (M/M) Dec: -1.1% (est -0.8%; prevR 1.4%) Eurozone Industrial Production WDA (Y/Y) Dec: -1.7% (est -0.7%; prev 2.8%) UK CPI (Y/Y) Jan: 10.1% (est 10.3%; prev 10.5%) – UK CPI (M/M) Jan: -0.6% (est -0.4%; prev 0.4%) UK CPI Core […]