IN THE OVERNIGHT 1 DECEMBER
Powell Speaking today at 2:00 PM ET Asia Mixed…Europe GREEN TOP STORIES OVERNIGHT Oil’s Wild Ride Is Driven by a Disruptive Band of Bot Traders-BBG While it’s hard to quantify how much of total trading volumes are controlled by CTAs, algos more broadly are responsible for as much as 70% of crude trades on an […]
IN THE OVERNIGHT 30 NOVEMBER
OPEC MEETING IN PROGRESS (3 meetings today, final meeting is at 9:30AM ET…lots of rumors until then) GREEN as far as the eye can see TOP STORIES OVERNIGHT Euro-Area Inflation Slows More Than Expected With 2% in View-BBG Euro-zone inflation cooled more than expected, putting the 2% target in sight as investors step up bets […]
IN THE OVERNIGHT 29 NOVEMBER
Asia Mixed…Europe GREEN TOP STORIES OVERNIGHT Oil Climbs Again With OPEC+ Meeting and Fed Signals in Focus-BBG Oil added to its biggest gain in a week as traders counted down to a high-stakes OPEC+ meeting on supply, and weighed signs that the Federal Reserve is done raising interest rates. Global benchmark Brent climbed above $82 a […]
IN THE OVERNIGHT 28 NOVEMBER
Asia Mixed…Europe RED TOP STORIES OVERNIGHT US Warns of Evolving Threats to Ships Sailing Through Red Sea-BBG A spate of attacks on merchant shipping near Yemen and Somalia, likely triggered by the war in Gaza, have prompted the US to warn vessel operators to be extra careful when navigating the region. “Exercise caution when transiting […]
WEEKEND PREP 26 NOVEMBER
OPEC meeting is this Thursday 30 November (it was pushed back from the original 25/26th date) COP28 (UN Climate Change Conference) also begins this Thursday, 30 November in UAE and lasts for two weeks until 12 December…this could be the most contentious meeting yet, with a record of over 70K participants. Biden is not slated to […]
IN THE OVERNIGHT 22 NOVEMBER
Pretty GREEN out there TOP STORIES OVERNIGHT China Puts Country Garden on Draft List of Builders to Support-BBG Country Garden Holdings Co. and Sino-Ocean Group have been included on China’s draft list of 50 developers eligible for a range of financing support, according to people familiar with the matter, signaling a pivot by Beijing to help some of the nation’s […]
IN THE OVERNIGHT 21 NOVEMBER
$NVDA reports today after the close Mixed Markets TOP STORIES OVERNIGHT China Property Stocks Surge, With Sunac Rallying 27%, After Beijing Picks 50 Firms to Fund-BBG Chinese developers’ bonds gained along with their shares after authorities began drafting a list of 50 real estate firms that would be eligible for a range of financing as Beijing sought to […]
WEEKEND PREP 19 NOVEMBER
This last week was obviously all about CPI So, let us dive into this a bit Let us start on Monday…..when… Bloomberg reported : Health Insurance Is About to Boost US Inflation After Months of Relief A change in how the government estimates health insurance costs is expected to give a slight boost to a popular US […]
IN THE OVERNIGHT 17 NOVEMBER
Asia RED ..Europe GREEN TOP STORIES OVERNIGHT Biden Signs Bill Averting Shutdown, Teeing Up 2024 Budget Battle-BBG President Joe Biden signed a stopgap bill to extend government funding into early 2024, averting a government shutdown for now but kicking a politically-divisive debate over federal spending into a presidential election year. The White House confirmed the move in […]
IN THE OVERNIGHT 16 NOVEMBER
Mixed Markets TOP STORIES OVERNIGHT Investment funds stocking up on US farmland in safe-haven bet-Reuters Investment funds have become voracious buyers of U.S. farmland, amassing over a million acres as they seek a hedge against inflation and aim to benefit from the growing global demand for food, according to data reviewed by Reuters and interviews […]