• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 8, the median U.S. 1-year inflation forecast rose to its highest level since November 2023. Capital Economics assistant economist Ruben Gargallo Abergus wrote: "This at least adds another reason for the Fed to remain cautious and suspend the easing cycle for a while." Higher inflation expectations are not the only inflation headwinds the Fed is currently facing. Wage growth continued to exceed expectations in January, which could push up inflation in the service sector. Economists expect Fed officials to keep interest rates unchanged at the March 18-19 policy meeting, and may even extend the suspension of rate cuts at the June meeting.The Israeli military says it has struck a Hamas weapons depot in Syria.According to Iranian state media reports, Irans Supreme Leader Khamenei met with visiting senior Hamas leaders in Tehran.On February 8, four large model application products under Baidu Smart Cloud, namely Keyue, Xiling, Yijian and Zhenzhi, were officially launched with access to the new version of the DeepSeek model.On February 8, according to Nikkei Chinese, Japans soaring food prices are dragging down personal consumption. The results of the household survey of the Ministry of Internal Affairs and Communications of Japan showed that consumer spending in 2024 actually decreased by 1.1% year-on-year. The "Engel coefficient", which indicates the proportion of food in consumer spending, is 28.3%, a 43-year high. Monthly spending in December 2024 actually increased by 2.7%, and consumption showed a recovery trend. From the perspective of the composition of consumer spending in 2024, the negative factors that actually contributed the most to consumer spending are transportation and communications, which actually decreased by 4.1% year-on-year. Due to the exposure of certification violations by some Japanese automakers, automobile production was suspended for a time, affecting consumption.

WTI bears are exerting pressure on bulls below crucial resistance; a breach of $84.70 is likely

Daniel Rogers

Nov 17, 2022 11:39

 101.png

 

West Texas Intermediate (WTI) is approximately flat on the day thus far, following a consolidational and range-bound session on Wednesday. NATO stated that there was no proof that a missile that landed near a Polish village and killed two people was an intentional attack. Consensus holds that it most likely originated from a Ukrainian air-defense system shooting in response to Russian attacks, alleviating fears of an escalating conflict.

 

The Druzhba pipeline, which transports Russian oil to Europe, was shut down earlier this week due to infrastructure damage caused by Russian shelling. The power supply has reportedly been restored, analysts at ANZ Bank reported. This enables the delivery of oil to countries including Hungary, the Czech Republic, and Slovakia. "Initial fears of additional unrest in the Middle East have also abated. A projectile struck an oil tanker in the Gulf of Oman, but the damage was minimal.

 

Nonetheless, ANZ Bank analysts stated that the market still faces supply-side challenges. '' Germany cautioned that it cannot count out temporary supply shortages when a ban on Russian crude imports goes into effect next month. OPEC appears to be cutting production in accordance with its commitment to do so. According to Petro-Logistics, tanker tracker data indicates that OPEC shipments were significantly greater than 1mb/d during the first 15 days of November. The weekly inventory update released by the EIA provided some assistance to the markets. Last week, commercial inventories hit 5,400 kbbl. ''