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OPEC+ announces aggressive production cut; carbon markets gather in Germany
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Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two senior members of the Cartel de Jalisco Nueva Generacion (CJNG) engaged in ...
Traders are not buying the oil deficit story. That’s the conclusion that forces itself based on the latest oil and fuel buying and selling developments ahead of the latest OPEC+ ...
Correlations are far from perfect, but they can complement trends amongst markets over the longer-term and help explain the underlying dynamics of a move. Taking CAD/JPY as an ...
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According to provisional information from the Federal Statistical Office (Destatis), real (price-adjusted) production in the manufacturing sector rose by a seasonally and ...
post at 2:08am: ECB’s Schnabel, In Interview With De TIJD: Impact Of Our Tighter Monetary Policy On Inflation Is Expected To Peak In 2024Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Wouter Vervenne and Kris van Hamme People are fed up with inflation. What hope can you offer them? When will inflation return to 2%? Headline inflation in the euro area has come down relatively quickly after hitting a peak of 10.6% in October of last year. However, underlying inflation (which excludes volatile food and energy prices, Ed.) is more persistent and remains high, with services playing a key role due to the relatively strong impact of wage costs on inflation in these sectors. Rising food prices are also driving inflation, but we expect food inflation to fall in view of the global slowdown in agricultural commodity prices. According to our March projections, inflation will return to our 2% target only in 2025. This would mean above-target inflation for around four years – a very long time. One important question is how this may affect inflation expectations of businesses and households, and hence firms’ price setting and wage negotiations. Wage agreements can have a prolonged effect on inflation due to their long duration. That’s why it is so important to keep inflation expectations firmly anchored at our target and brin
Cargo cancellations by contractual offtakers of US LNG volumes could be triggered due to falling European gas and LNG prices, muted demand in Asia and the growing number of ...
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- Posted: Jun 7, 2023 1:43am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 226
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