EUR/USD 1.04219
0.007%
Gold 2773.14
0.484%
Oil 72.056
-0.887%
USD/JPY 154.589
-0.416%
GBP/USD 1.24488
-0.015%
GBP/JPY 192.448
-0.383%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 30, Rabobank said that at present, Trumps plan has not substantially changed the economic outlook for the euro area. Therefore, there is no reason to expect the ECB to change its rate cut route at this time. The ECB Governing Council increasingly expects inflation to converge to the 2% target during 2025, which allows another 25 basis point rate cut at the January policy meeting. However, uncertainty in the future remains high. Therefore, although the ECB may be inclined to cut interest rates further in the coming months, we believe that the ECB also wants to maintain its flexibility. Lagarde may avoid providing any forward guidance. Overall, we expect the ECB to cut interest rates three times, reducing the deposit rate to 2.25% by April, based on the assumption that potential inflation will be stickier than the ECB expects.On January 30, ABN AMRO said that the European Central Bank will almost certainly cut interest rates by 25 basis points today, reducing the deposit rate from the current 3.00% to 2.75%. As for what will happen next, much depends on the tariff policies of the new US government and how they affect trade and inflation. At present, no ECB official has made a case for an accommodative policy stance, and most officials seem to be taking a wait-and-see approach, which is logical. However, if the ECB indicates that its views on the impact of tariffs on the economy are taking shape, this may indicate a more dovish stance. US tariffs will have a negative impact on economic growth in the euro area and will also lead to its deflation. This is because the direct upward impact of tariffs on inflation is moderate, while the indirect downward impact on inflation through global trade and falling commodity prices may be huge. This is also an important factor in our view that the ECB policy rate will eventually fall to 1%.Deutsche Banks European shares fell 5% after its fourth-quarter profit fell short of expectations.Futures news on January 30, there are reports that the EU proposed a ban on aluminum imports from Russia, and supply concerns resurfaced. London aluminum performed strongly. As of 3 pm, London aluminum rose by $4, or 0.15%, to close at $2,624. The results of the Federal Reserves interest rate meeting were finalized, maintaining the original interest rate, and there is no rush to cut interest rates in the future. The news is bearish, and London aluminum may still be under pressure in the short term.The European Stoxx 600 index rose to a record high and is now up 0.25%.

Putin stated that he will hit the price of natural gas! The United States is considering using oil reserves, and oil prices are temporarily holding back

Oct 26, 2021 10:59

On Wednesday (October 6), natural gas prices in Europe ushered in a sharp drop after two days of skyrocketing. In the previous two days, they had risen by 60%, while oil prices fell back by more than 2%. Russian President Vladimir Putin stated that Russia will increase its supply of natural gas to Europe to alleviate the impact of the global energy contraction suffered by Europe. At the same time, the US government is considering using emergency oil reserves to ease the trend of soaring gasoline prices. There is also news that Russia and the United States are discussing reopening the Iran nuclear agreement.


Russian President Vladimir Putin said on Wednesday that the sales of natural gas to Europe may hit a record high, and the flow of natural gas transported to Europe through Ukraine may exceed the contract between the Russian state-owned natural gas company Gazprom and Kiev, Ukraine. Critics have accused Russia of blocking supplies.

This argument caused European natural gas prices to collapse. Natural gas futures prices fell by more than 10% since the highest price since 2008, which was the day before, and crude oil also fell.

Matthew Weller, head of global research for FOREX.com and City Index, said Wednesday that Wednesday brought some good news for energy-stressed European countries, as Russia increased its natural gas exports to Europe. These news broke the well-known natural gas price increase at least temporarily.

Data from FactSet shows that British natural gas futures prices have soared by more than 400% so far this year.

On the same day, U.S. Secretary of Energy Granholm said that the U.S. government is considering using emergency oil reserves to ease the trend of soaring gasoline prices. With the cooling of the new crown epidemic and increasing demand, US gasoline prices have hit a seven-year high.

Granholm said at the Energy Transition Summit organized by the Financial Times when he talked about the prospect of the US government using the Strategic Petroleum Reserve (SPR) to ease the rise in oil and motor fuel prices, "This is a tool under consideration."

According to data from the US Department of Energy, SPR stored in coastal caves in Texas and Louisiana currently contains approximately 617.8 million barrels of crude oil, the lowest level in approximately 18 years.

Granholm also did not rule out the possibility of resuming the crude oil export ban, which was lifted when Obama assumed the presidency in 2015. She said, "This is a tool we haven't used before, but it's also a tool."

The EIA crude oil and gasoline inventory data released on Wednesday both recorded an increase, sparking concerns about weak demand and a negative effect on oil prices. EIA crude oil inventories increased by 2.345 million barrels, and gasoline inventories increased by 3.256 million barrels. Refined oil inventories fell only slightly by 396,000 barrels.

U.S. oil production increased to 11.3 million barrels per day, recovering from the shutdown caused by the storm more than a month ago, and production rebounded to near the peak during the epidemic, but still far below the 13 million barrels per day set in 2019 Record.

According to another report, the Russian Ministry of Foreign Affairs said on Wednesday that Russian Foreign Minister Lavrov had discussed the restoration of the Iranian nuclear agreement with US Secretary of State Brinken. Restarting the previously shelved Iran nuclear agreement may affect the confidence of the oil market bulls.

Suggestion