Agriculture
The Ever Given is floating, China’s cotton stand-off escalates and a hotly anticipated market open lies ahead. We prevent/solve our own problems by cutting sugar consumption and lifting weights.
Currencies
“We continue to focus on downside risks from here.”The dollar was also firm at 109.70 yen, having reached its highest since early June on Friday at 109.84. Gene comments on stock, bond, dollar, oil & gold markets, with a particular emphasis on monetary policy, technology issues and S&P intraday action. It advanced $2.62 in the previous session to $64.57.The dollar declined to 109.49 yen from Friday’s 109.69 yen. It has fallen almost 6% against its U.S. peer so far this year, and the dollar-yen touched 109.85 on Friday, matching its highest since June.
Deaths per capita are lower than in the U.K., the U.S. and many other comparable countries.And the euro area’s second-largest economy has resisted better than initially expected. The Tokyo-based firm also canceled plans to sell dollar-denominated bonds. The euro edged down to $1.1787 from the previous session’s $1.1790.
Deaths per capita are lower than in the U.K., the U.S. and many other comparable countries.And the euro area’s second-largest economy has resisted better than initially expected. The Tokyo-based firm also canceled plans to sell dollar-denominated bonds. The euro edged down to $1.1787 from the previous session’s $1.1790.
Metals
Liberum Capital Ltd. in London points out that new technologies tend to be copper-intensive.
Oil
Brent crude, the basis for international oil prices, retreated 96 cents to $63.47 per barrel in London. Crude oil futures fell on the news, though here was no immediate clarity on the crucial question of when traffic in the canal will restart. “Each day that passes increases the oil on water rather than in the refinery for processing,” said Stephen Innes, chief markets strategist at axi. Last year s oil crash had exactly the effect predicted. Once the vessel has been cleared, authorities will work to allow traffic to resume through the canal that s a conduit for about 12% of world trade.
High oil prices in the 1970s led to much greater fuel-efficiency. A new oil benchmark. West Texas Intermediate crude was more than 1% lower after the Ever Given was refloated. LEARN MORE ShareTweetPostEmail 4:24 ShareTweetPostEmail Photographer: Brent Lewin/Bloomberg Photographer: Brent Lewin/Bloomberg Australia’s JobKeeper wage subsidy expired Sunday, bringing to a close the nation’s largest Covid stimulus measure.
High oil prices in the 1970s led to much greater fuel-efficiency. A new oil benchmark. West Texas Intermediate crude was more than 1% lower after the Ever Given was refloated. LEARN MORE ShareTweetPostEmail 4:24 ShareTweetPostEmail Photographer: Brent Lewin/Bloomberg Photographer: Brent Lewin/Bloomberg Australia’s JobKeeper wage subsidy expired Sunday, bringing to a close the nation’s largest Covid stimulus measure.
United States
The bank didn’t name the client, but its disclosure followed turbulent trading on Wall Street involving forced sales of stockholdings by a large, low-profile U.S. investment firm. In recent days, Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, has liquidated positions approaching $30 billion in value, The Wall Street Journal has reported. Later, Fed Governor Christopher Waller will speak at a virtual discussion hosted by the Peterson Institute for International Economics, his first public speech since joining the board.
“It was always going to be something to educate the clients on,” said David Perlman, an ETF strategist at UBS Global Wealth Management. Dubai residential prices have dropped almost 40% from their 2014 levels in inflation-adjusted terms, according to UBS Group AG. Discovery also slumped 27% to $41.90, down from $77.27 on March 19.Wall Street figures have been feverishly speculating about the identity of Friday’s seller.
His views have been quoted in Barron’s, the Wall Street Journal, on CNN and now on his own ingerletter.com web site. UBS rates Dubai properties as just above “undervalued” in its annual Real Estate Bubble Index.
“It was always going to be something to educate the clients on,” said David Perlman, an ETF strategist at UBS Global Wealth Management. Dubai residential prices have dropped almost 40% from their 2014 levels in inflation-adjusted terms, according to UBS Group AG. Discovery also slumped 27% to $41.90, down from $77.27 on March 19.Wall Street figures have been feverishly speculating about the identity of Friday’s seller.
His views have been quoted in Barron’s, the Wall Street Journal, on CNN and now on his own ingerletter.com web site. UBS rates Dubai properties as just above “undervalued” in its annual Real Estate Bubble Index.
Europe
Ties between the pharma giant and the EU have been under additional strain since last week’s discovery of 29 million vaccine doses set for export out of Italy. Those successes include Macron having persuaded fiscally conservative Germany to take on eurozone debt together, as lockdowns imposed to curb the pandemic choked off economies across the EU. A recent Ifop poll showed Macron’s popularity at 37%, higher than his most recent predecessors, Socialist Francois Hollande and right-wing Nicolas Sarkozy, at the same point in their terms.
Boris Johnson almost died of Covid and it changed his perspective on a disease he had initially taken lightly. For Macron, who also got it, it was not a life-threatening experience.
0 Boris Johnson almost died of Covid and it changed his perspective on a disease he had initially taken lightly. For Macron, who also got it, it was not a life-threatening experience.
