EUR/USD 1.17395
-0.068%
Gold 4347.07
0.181%
Oil 57.960
0.202%
USD/JPY 156.531
0.070%
GBP/USD 1.34623
-0.039%
GBP/JPY 210.732
0.037%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
December 31st - Hong Kong stocks closed with the Hang Seng Index down 0.87%, but still up 27.77% for the year, marking its best annual performance since 2017; the Hang Seng Tech Index down 1.12%, but still up 23.45% for the year, marking its best annual performance since its inception in 2020.On December 31st, the Ministry of Commerce announced that, starting January 1st, 2026, subsidies will be provided to individual consumers purchasing six categories of home appliances (refrigerators, washing machines, televisions, air conditioners, water heaters, and computers with Level 1 energy efficiency or water efficiency standards) and four categories of digital and smart products (mobile phones, tablets, smartwatches (bands), and smart glasses) with a single unit sales price not exceeding 6,000 yuan, according to nationally unified categories and standards. The subsidy standard is 15% of the final sales price of the above products after deducting discounts at each stage. Each person can receive a subsidy for one item per category, with a maximum subsidy of 1,500 yuan per home appliance and a maximum subsidy of 500 yuan per digital and smart product.The general offices of five departments, including the Ministry of Commerce, issued a notice on doing a good job in the 2026 home appliance trade-in and digital and smart product purchase subsidy program.On December 31, the State Council announced the appointment and removal of state personnel. Yang Jin was appointed Vice Chairman of the State Ethnic Affairs Commission; Lin Zechang was appointed Vice Minister of Finance; Li Xinghu was appointed Vice Minister of Transport; Zhan Hao was appointed Vice Chairman of the National Natural Science Foundation of China; and Zhang Yong was appointed Deputy Director of the Liaison Office of the Central Peoples Government in the Hong Kong Special Administrative Region.Hong Kong stocks saw the Hang Seng Index and Hang Seng Tech Index both fall by more than 1% before midday, with NetEase (09999.HK) and Trip.com (09961.HK) both falling by more than 3%.

Natural Gas prices fall below $2.70 despite USD Index attempts to recover, and demand concerns grow

Alina Haynes

Mar 14, 2023 13:12

截屏2023-01-19 下午3.42.24.png 

 

After a perpendicular recovery to close to $2.70 in the Asian session, Natural Gas futures have turned sideways. Weakness in the US Dollar Index (DXY), in general, has aided the upward bias in natural gas prices. Natural Gas futures appear vulnerable near $2.70 as the USD Index has demonstrated a recovery move to near 103.90 as investors become anxious ahead of the release of the United States Consumer Price Index (CPI) data.

 

The Federal Reserve's decision to raise interest rates is anticipated to have a negative impact on industrial demand for natural gas (Fed). The market anticipates that Fed chair Jerome Powell's scheduled rate hikes will lead to a recession in the near future.

 

Meanwhile, Winter is nearing its conclusion and summer has not yet arrived. Consequently, demand for residential purposes to heat domestic spaces will remain low. Additionally, because residences will require less electricity to operate air conditioners, power companies are less reliant on natural gas.

 

The recent decline in the USD Index is what has given Natural Gas prices new life. The US Energy Information Administration's (EIA) inventory data, which is released every Thursday, will dominate this week's trading in Natural Gas futures.

 

Going forward, investors eagerly anticipate the publication of US inflation data in order to form a new consensus. According to the projections, the headline CPI could fall to 6.0% from the previous release of 6.4%. And, core inflation, which excludes crude and food prices, is anticipated to decrease slightly to 5.5% from the previous release of 5.6%.

Suggestion