Oil prices rose more than 2% Monday in hopes that the Omicron variant will have a limited impact on global demand in 2022, although rising cases have led to flight cancellations. Brent crude rose $2.46, or 3.2%, at $78.60 a barrel. WTI crude rose $1.78, or 2.4%, at $75.57 a barrel. Previously, oil prices fell …
Oil Prices Rising Amid First Omicron Cases in Asia Read More »
On Sunday, China Evergrande Group submitted its first progress report on the resumption of construction work. The company’s president pledged to deliver 39,000 real estate units in December. This is 10,000 units less than the previous 3 months. Evergrande is the world’s most indebted real estate developer, with more than $300 billion in debt, struggling …
Evergrande will Continue to Deliver Housing Units Read More »
The Christmas holidays are over and news that could depress the oil market came in before the holidays, with a series of flight cancellations in the U.S. due to the rising COVID cases. On Monday morning ET, oil prices are moving little with WTI crude first moving in a negative direction -0.51% to $73.41 per …
Crude oil Market Entering the Last Week of 2021 with Mixed Feelings Read More »
MasterCard Company Inc. announced that retail sales in the U.S. increased by 8.5% in the run-up to the festive season from November 1 to December 24, due to a sharp increase in online sales. This is also due to various stores incentivizing consumers due to various special offers. Mastercard’s SpendingPulse report finds that online sales …
Retail Sales in Advance of Christmas Holidays Up 8.5% in the U.S. Read More »
Capital Market The past trading week was all about the holiday spirit, with the S&P 500 closing at an all-time high on Thursday and dozens of other global indexes hitting their recent highs or year-to-date highs. This is raising expectations for the last week of the year. U.S. Crude Oil Inventory Investors and traders turn …
Markets, Crude Oil, Omicron, U.S. and China – What Will Be Interesting This Week Read More »
Crude oil futures rose on Friday (Dec. 24) in light trading ahead of the Christmas holiday. The market is focused on the next step of OPEC+ and the impact of the Omicron variant. Brent crude futures closed up 71 cents at $76.52 a barrel. WTI crude futures closed up 96 cents, or 1.32%, at $73.72 …
Oil Markets Shift Focus to OPEC+ at the Beginning of the New Year Read More »
The EIU this year again issued data on the most expensive cities in the world. The ranking of the most expensive cities is compared on the basis of the cost of living. This year was certainly not a normal year. The recovery of the markets and the economy continued despite the ongoing pandemic. Inflationary pressures …
Who Lives Here Needs a Strong Income – The Most Expensive Cities in 2021 Read More »
Most institutional investors are already looking for alternative investments such as cryptocurrencies. The report, based on a survey by Natixis Investment Managers, indicates that institutional investors are starting to pay more attention to crypto assets. They began to consider the possibility of investing more in the cryptocurrency market. Natixis Investment Managers surveyed 500 institutional investors …
Majority of Institutional Investors to Invest in Crypto Market in 2022 Read More »
Fear of inflation. A new deadly time bomb intensifies the COVID-19 crisis, the Thai labor union warns consumers to brace for price increases next year. The I.C.C. in Saha Group said that people are afraid of deflation. People are willing to tighten their belts and reduce consumption. External risk factors or threats are things that …
Thai Union Warns of Price Increases for 2022 Due to Strong Inflation Read More »
Inflationary pressures continue in Asia with information coming from South Korea, Singapore, Hong Kong, and Thailand. The CPI index, which measures the change in consumer prices, rose 3.8% YoY in Singapore in November. The month before, the increase was 3.2%. However, analysts had expected an increase of only 3.4%, which should continue to put inflationary …