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  • Critical metals: Miners need to ramp up investment to end fossil fuel dependency

    From capital.com

    Mining companies have long been instrumental in influencing the speed and direction of the global green transition. This is due to their heavy dependence still on fossil fuels, especially coal. With a number of mines using inordinately large amounts of water, energy and fuel to run their operations, investors are concerned that they may now be pushing back the green transition by several years, if not decades. This concern is not restricted to resource usage, but also the impact of mining activities on ecologically delicate areas. However, now more than ever, miners play an even more crucial role in the green ... (full story)

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    GDL Newsletter - June 2022

    From lbma.org.uk|Jun 23, 2022

    This quarter's GDL Newsletter is a brief history lesson on the Assaying & Refining Conference, brought to you by Dr Mike Hinds (Consultant, LBMA). LBMA’s Assaying and Refining ...

    Unemployment insurance weekly claims

    From dol.gov|Jun 23, 2022

    In the week ending June 18, the advance figure for seasonally adjusted initial claims was 229,000, a decrease of 2,000 from the previous week's revised level. The previous week's ...

    Current-Account Deficit Widens by 29.6 Percent in First Quarter

    From bea.gov|Jun 23, 2022

    The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, ...

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    US economy slows sharply in June amid renewed downturn in demand, but inflationary pressures cool

    From pmi.spglobal.com|Jun 23, 2022

    Latest ‘flash’ PMI™ data from S&P Global signalled the weakest upturn in US private sector output since January’s Omicron-induced slowdown in June. The rise in activity was the ...

    Powell testifies to Congress on the economy and how the Fed plans to fight inflation

    From youtube.com/cnbctelevision|Jun 23, 2022|5 comments

    Federal Reserve Chair Jerome Powell on Thursday testifies before the House Financial Services Committee on the U.S. monetary policy and the state of the economy.

    Fed's Powell: We have an unconditional commitment to fighting inflation

    From @DailyFXTeam|Jun 23, 2022|4 comments

    tweet at 10:29am: Fed's Powell: - We have an unconditional commitment to fighting inflation - The labor market is unsustainably hot tweet at 10:29am: POWELL: SIGNIFICANTLY MORE CHALLENGING TO BRING DOWN INFLATION WITHOUT IMPACTING THE LABOR MARKET tweet at 10:35am: FED'S POWELL Q&A: SOME OF INFL IS OUT OF FED'S CONTROL, LIKE ENERGY; EUROPEAN COUNTRIES HAVE VARYING HIGH RATES OF INFLATION; FED HAS TOOLS VS DEMAND #Powell #federalreserve tweet at 10:36am: Fed's Powell: - The impact of shrinking the balance sheet will be marginal compared to impact of rising interest rates - US inflation is a consequence of very strong demand tweet at 10:42am: POWELL: OUR INTENTION IS TO ACHIEVE A SOFT LANDING POWELL: PATH TO DO THAT HAS GOTTEN MORE AND MORE CHALLENGING

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  • Posted: Jun 23, 2022 9:14am
  • Submitted by:
     Indrabati
    Category: Fundamental Analysis
    Comments: 0  /  Views: 55
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