1 Minute Market Rundown – 18th May 2022 May 18, 2022 | City Talk Trade the ExtremesUSD Gives Up Some of its GainsCrypto Consolidates There is not too much to add from yesterday’s piece sadly. The main talking point was Powell reiterating the FED’s stance on inflation. Powell said the FED won’t hesitate to tighten policy beyond neutral to curb inflation. Stock’s stalled their recent rise and the USD [...]
1 Minute Market Rundown – 17th May 2022 May 17, 2022 | City Talk Trade the ExtremesUSD Gives Up Some of its GainsCrypto Consolidates We highlighted in yesterday’s note that risk seemed a bit stretched and pondered whether we may be in for a rally. The question we are still trying to answer is if we have seen the low yet or not. Whilst we are still unsure, although [...]
Economists hit back at Cable post-Brexit financial services regulation fears May 17, 2022 THINK TANK economists said yesterday fears that post-Brexit changes to financial services regulations could result in a ‘race to the bottom’ are “clearly nonsense.” Earlier this week former business secretary Vince Cable warned that changes to the UK regime could risk a financial crash in a letter signed by a number of other economists. But [...]
1 Minute Market Rundown – 16th May 2022 May 16, 2022 | City Talk Trade the ExtremesUSD on the Rise AgainCrypto Unable to Sustain a RallyDeleveraging Continues Whilst Friday the 13th is unlucky for some it wasn’t the case for equity bulls. Last week had seen markets get battered, especially crypto, as it seemed no one had a positive outlook on the economy. We have been saying for a [...]
Saudi Aramco brings in record $39.5bn income as oil prices surge May 16, 2022 Saudi Aramco generated $39.5bn (£32.3bn) in income in the first quarter of 2022, after volatile commodity prices saw its income increase by 82 per cent compared to the same time last year. The almost $40bn worth of income marks a record for Saudi Arabia’s national oil company in coming as its highest quarterly earnings since [...]
Oil prices rebound heading into next week’s trading with China to ease pandemic restrictions May 15, 2022 Oil prices are up heading into next week, with China set to ease some of its pandemic restrictions while the EU weighs up a Russian oil ban.
A volatile week draws to a close on Friday the 13th with ‘a UK economy that has more or less ground to a halt’ May 13, 2022 There were more wild swings in equity markets over the last 24 hours, largely driven by a concern over slowing growth, and sticky inflation, raising fears of looming stagflation and possible recession. These worries manifested themselves in the guise of fluctuating bond yields, and weaker commodity prices, while Federal Reserve officials continued to show little [...]
Gas prices soar as the Kremlin brings in sanctions against European Gazprom divisions May 12, 2022 Gas prices on UK and European benchmarks have spiked again after the Kremlin has imposed sanctions on Gazprom units in Europe and the US.
‘Let the West pay more’: Russia dares EU to bring in oil ban May 11, 2022 The Kremlin has warned it has enough buyers for its energy resources outside of Western countries, as the EU weighs up a Russian oil ban.
Oil prices recover as EU pushes for Russian oil ban May 11, 2022 Oil prices rebounded as the European Union (EU) closes in on a Russian oil embargo, raising concerns of supply shortages across the continent.