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Tibo, Product Lead at OpenAI Codex: OpenAI 2026 Developer Conference will be the best developer conference in the companys history, absolutely unmatched.On August 25th, Algebris Global Credit Portfolio Manager Gabriele Foa stated that he expects Federal Reserve Chairman Warsh to provide a significant update on the Feds response to inflation in his speech at Fridays Jackson Hole conference, especially after the mixed signals released at the July press conference. He stated, "So far, the Fed has avoided providing clear forward guidance, resulting in unusually high uncertainty in its policy response function." This uncertainty is pushing the US Treasury yield curve steeper, with long-term yields becoming the primary channel for releasing pressure. "This contradicts, to some extent, Bessants attempt to achieve this by lowering long-term yields, and may also indicate that the coordination between the Fed and the Treasury is less than some market participants previously expected."On August 25th, options traders predicted that Nvidias (NVDA.O) stock price would rise/fall 5.4% on Thursday after the market closed on Wednesday following the release of its second-quarter results, lower than the 6.5% volatility implied by options before the May earnings release. Based on the expected 5.4% movement, its market capitalization could change by approximately $280 billion. Data from options analytics firm ORATS shows that this expected volatility is still significantly lower than the 7.4% average following earnings reports over the past 12 quarters. ORATS founder Matt Amberson stated, "The market has developed a certain degree of complacency regarding Nvidia, which also means that its performance is becoming more predictable." Chris Murphy, co-head of derivatives strategy at SIG International, said, "The era when Nvidia consistently amazed the market with significantly better-than-expected results in the early stages of the AI era, with its stock price fluctuating by 10%, 15%, or even 20%, is somewhat over. The market does not generally believe that it will deliver significantly better-than-expected results again."Fitch: UAE government debt is expected to rise, and banks and corporations may issue bonds when the opportunity arises.XPeng Group (09868.HK) saw its losses widen to 10% in the afternoon.

Ukraine Will Block A Crucial Russian Gas Transit to Europe, Blaming Russia

Charlie Brooks

May 11, 2022 09:46

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Ukraine said on Tuesday that it will cease the flow of gas via a transit point that, according to Kiev, sends over one-third of the fuel piped from Russia to Europe through Ukraine. Kiev blamed Moscow for the action and said it would redirect the flows elsewhere.


Even after Moscow's invasion, Ukraine has remained a significant transit route for Russian gas to Europe.


The operator of Ukraine's gas infrastructure, GTSOU, has declared "force majeure" and will cease shipments through the Sokhranivka route as of Wednesday. "Force majeure" is a provision triggered when a firm is affected by circumstances beyond its control.


However, Gazprom (MCX:GAZP), which has a monopoly on Russian gas pipeline exports, said that it was "technologically impossible" to move all volumes to the Sudzha connecting point farther to the west, as GTSOU requested.


GTSOU CEO Sergiy Makogon told Reuters that Russian occupation troops have begun transporting gas flowing through Ukraine to two rebel territories supported by Russia in the country's east. He failed to provide proof.


The company stated that it was unable to operate at the Novopskov gas compressor station due to "the interference of the occupying forces in technical processes," adding that it could temporarily redirect the affected flow to the Sudzha physical interconnection point, which is located on Ukrainian territory.


Ukraine's suspension of Russian natural gas shipments via the Sokhranivka route should have no effect on the local Ukrainian market, according to Yuriy Vitrenko, the president of the state-owned energy business Naftogaz.


The national gas company of Moldova, a tiny country on Ukraine's western border, said that neither GTSOU nor Gazprom had notified them of a supply interruption.


Russian army and separatist militants have controlled the Novopskov compressor station in the Luhansk area of eastern Ukraine since shortly after Moscow launched a "special military operation" in February.


GTSOU said that it is the first compressor in the Ukraine gas transit system in the Luhansk area, the transit route for about 32,6 million cubic metres of gas per day, or a third of the Russian gas transported to Europe through Ukraine.


To fulfill its "transit responsibilities to European partners in full," GTSOU said that it will "temporarily move unavailable capacity" to the Sudzha interconnection point.


Gazprom said it had received information from Ukraine that the nation will cease gas transit to Europe through the Sokhranivka interconnector at 7:00 a.m. on Wednesday local time.


The Russian corporation said that it observed no evidence of force majeure or impediments to business as usual. Gazprom emphasized that it was fulfilling its commitments to European gas purchasers.


As punishment for the invasion of Ukraine, the United States has pushed other nations to reduce their reliance on Russian energy and has prohibited Russian oil and other energy imports.


Ned Price, a spokeswoman for the U.S. State Department, said that Tuesday's declaration does not alter the "as soon as feasible" schedule for reducing global dependency on Russian oil.

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