China is set to import this month the highest crude oil volumes since August, as oil prices slumped amid demand concerns in early September when most November cargoes were likely contracted. The world’s top crude oil importer is estimated to import about 11.4 million barrels per day (bpd) of crude, Reuters columnist Clyde Russell reports,…
The Indian markets are shut on account of Assembly Elections in Maharashtra but globally its a positive day of trade. Asian markets have opened higher and US too closed in the green after a volatile session on Tuesday. Investors are looking forward to appointments by US President-elect Donald Trump Meanwhile, oil prices saw a modest…
As the economic calendar is fairly light in the week ahead, the major focus of the market participants on Wall Street will be on earnings reports from big names such as chip giant Nvidia Corp, retail heavyweights Walmart Inc and Target Corp. Nvidia, the world’s most valued company by market capitalization will declare its third…
Weak demand in China will lead to lower supply from the world’s top crude exporter, Saudi Arabia, to the world’s largest crude importer in December, trading sources told Reuters on Monday. The drop in Saudi supply would come despite the fact that the Kingdom has reduced its official selling prices (OSPs) for crude loading in…
Wall Street in the week ahead will see plenty of economic data and earnings reports from five megacap companies. On the economic front, investors will closely monitor US Q3 GDP numbers, the Federal Reserve’s preferred inflation gauge – Personal Consumption Expenditures price index, and jobs report. Next week, stocks of five megacap companies — Apple,…
Oil prices are set to post a weekly gain as geopolitical uncertainty remains a central focus of oil traders, but a strong dollar and a large U.S. inventory build are holding Brent and WTI back. Friday, October 25th, 2024 The elevation of the Israel-Iran conflict into the main oil market narrative for October is by no…
We’re talking about the adoption of electric cars in the four-wheeler passenger vehicle (PV) market. Elon Musk reignited the EV frenzy with Tesla, though even Tesla took more than a decade to make EV production cost-efficient. In India, Tata Motors led the charge with the Tata Nexon EV, launched in January 2020. Since then, Tata…
This month we track how a faster rise in the US 10-year treasury yields is becoming a cause of worry. Meanwhile, China has announced a stimulus package and lowered key policy interest rates to push economic growth. 1. Yield signals The US Federal Reserve delivered a sharp cut of 50 basis points in its benchmark…
Following last week’s historic interest rate cut by the US Federal Reserve, Wall Street in the week ahead will have plenty of economic data, including the Personal Consumption Expenditures price index, and S&P flash services & manufacturing PMIs, to look forward to. The week will also see comments from US central bank speakers, including Fed…