Oil declines for the second consecutive day Asian and American exchanges in the Green Zone

,Oil declines for the second consecutive day Asian and American exchanges in the Green Zone

Oil declines for the second consecutive day Asian and American exchanges in the Green Zone: Western and American talks over Russia’s war on Ukraine have calmed down,
paving the way for more peaceful solutions, and talks may result in the cancellation of the idea of a Russian invasion,
giving markets a chance to recover and rise again.

Evest follows market developments in the following report.

Topics:

Oil declines slightly

The calm in the talks on the Russian Ukrainian War gave markets a chance to recover

Wall Street is rising again

Positive trading in Asia

Oil declines slightly

Oil prices declined moderately during Wednesday’s trading, after a sharp decline in the previous trading.

The April futures price for Brent oil in London Futures Exchange reached $93.16 per barrel,
$0.12 (0.13%) lower than the closing price of the previous session.

As a result of Tuesday’s trading, these futures fell by $3.2 (3.32%) to $93.28 per barrel, the largest one-day decline since the end of November.

The price of West Texas Intermediate oil futures for March,
in electronic trading on the New York Mercantile Exchange (NYMX) is $92.04 per barrel, $0.03 (0.03%) lower than the final value of the previous session.

On Tuesday, the cost of these futures fell by $3.39 (3.6 percent) to $92.07 per barrel, the highest price since the beginning of the year.

The conflict between Russia and the West over Ukraine had a key role for traders.

Traders still see serious risks to the market if the conflict over Ukraine escalates.

On Tuesday, the Russian Ministry of Defense announced the start of the return of units of the Western and Southern Military units from exercises to their bases.

The United States, other NATO countries and Ukraine have,
previously announced the concentration of Russian forces near the Ukrainian border and claimed Russia was preparing for an invasion.

In the meantime, a report from the American Petroleum Institute (API) showed a decline in US fuel reserves.

The report stated that US crude oil inventories fell by 1.1 million barrels last week.

The United States Department of Energy will publish a weekly report on the country’s commercial oil,
gasoline and distillate inventories later in the day.

The calm in the talks on the Russian Ukrainian War gave markets a chance to recover

On Tuesday, the Russian Ministry of Defense announced the start of the return of units of the Western and Southern Military units from exercises to their bases.

On Tuesday, Foreign Minister Sergeĭ Lavrov announced Russia’s willingness to continue talking to the West.

United States President Joe Biden said on Tuesday that it was necessary to try with the help of diplomacy to resolve problems with the Russian Federation on security.

Biden said that the United States does not regard Russia as its enemy, and Washington has no aim of destabilizing it.

White House spokeswoman, Jen Psaki, said on Tuesday that Washington had no intention of encouraging Ukraine to join NATO.

Experts again point to the improved geopolitical situation and general market sentiment ,
there were reports of the beginning of the withdrawal of units of the southern and western military regions,
from the Russian Federation after the completion of the task plan assigned during the exercises.

The first estimate of Japanese GDP for the fourth quarter slightly matched expectations,
and the quarterly growth rate of the eurozone economy also matched expectations,
while the United States producer price index in January exceeded expectations, which kept investors calm during yesterday’s session.

On Wednesday, the content of the minutes of the latest Fed meeting will be important to the overall sentiment in the markets.

There will also be data on January inflation in the UK and US retail sales.

Wall Street is rising again

US stock indices rose on Tuesday by 1.2-2.5% following news of the withdrawal of Russian troops from the Ukrainian border.

In the meantime, oil prices declined, which was also viewed positively by investors concerned about increasing inflationary pressures, including rising energy prices.

Tech companies have led the Wall Street recovery, with investors welcoming developments,
that suggest tensions over Russian military reinforcements on the Ukrainian border may decline.

Standard & Poor’s Index rose by 1.6% to 4471.07.

The index’s gains broke a three-day losing streak and almost made up for all of its losses last week.

Dow Jones Industrial Index rose by 1.2٪ to 34988.84 and the tech-heavy Nasdaq Composite index rose by 2.5% to 14139.76.

Nearly 80% of stocks within the Standard & Poor’s Index have gained.

In addition to technology stocks, banks and companies that rely on consumer spending have also helped the market recover.

The US Producer Price Index (PPI) jumped by 1% in January, when the figure rose by 0.4%, according to data from the country’s Department of Labor.

The index jumped 9.7% on an annual basis after an adjusted 9.8% gain in December.

Analysts predicted an increase of 0.5% in the former index and 9.1% in the latter, according to Trading Economics.

In addition, New York’s manufacturing activity index rose in February to 3.1 points from 0.7 points the previous month

. Analysts surveyed by Trading Economics predicted a more significant rise – up to 12.2 points.

Positive trading in Asia

Positive dynamics of stock indexes also prevail in Asia, with Australia’s ASX Australia rising by 0.8%, Japan’s Nikkei by 2.1%,
China’s Shanghai composite by 0.7%, South Korea’s KOSPI by 1.6%, Hong Kong’s Hang Seng by 1.3%

Asian stocks rose on Wednesday, backed by hopes for a diplomatic solution rather than a Russian invasion of Ukraine.

However, analysts have recommended caution that tensions have not been fully resolved and that the situation remains volatile.

For its part, the Chinese government reported that consumer prices rose by 0.9% from the previous year in January,
while prices of goods when they left the factory rose by 9.1%.

Supply disruptions that led to higher prices in the United States and Europe also affected China,
but the impact on Chinese consumers was lower.

Inflation in January fell by 1.5% from December. Forecasters expect it to fall further.

Oil is above $90 and positive trading in Asia

Oil is above $90 and positive trading in Asia despite the closure of China’s exchanges

Oil is above $90 and positive trading in Asia despite the closure of China’s exchanges: Oil rose to a 7-year high above $90 a barrel,
giving the commodity’s traders considerable optimism even amid geopolitical pressures that could affect it.

Evest follows market developments in the following report.

Topics:

Oil break above $90 per barrel near 7 year highs

US-Russia discussions about the attack on Ukraine

US indices end the week higher after a 3-week decline

Positive trading in Asia and the Chinese exchanges are closed

Oil break above $90 per barrel near 7 year highs

Oil prices rose on Monday morning near 7-year highs.

The price of March Brent oil futures on the London Stock Exchange Futures is $91.02 per barrel on Monday,
$0.99 (1.1%) higher than the closing price of the previous session.

As a result of Friday’s trading, these futures rose by $0.69 to $90.03 per barrel,
as the price rose to $91.7 per barrel during the auction for the first time since October 2014.

Brent crude rose to $90 per barrel for the first time since October 2014

Brent crude futures for March expire on Monday.

The cost of the more active traded April futures rose by $0.89 (1.01%) to $89.41 per barrel.

The price of West Texas Intermediate crude futures for March in electronic trading on the New York Mercantile Exchange (NYMEX) was $87.78 per barrel by this time,
$0.96 (1.11%) higher than the final value of the previous session.

The day before, these futures rose by $0.21 to $86.82 per barrel.

The prices of both types of oil rose for the sixth week in a row.

Since the beginning of January, its value has risen by about 16%,
while the growth rate may be the highest since February 2021.

According to analysts, the start of the week was strong due to concerns ,
over oil supply issues as well as ongoing geopolitical risks.

In the meantime, market attention is shifting to the next OPEC + ministerial meeting.

Market participants are anticipating the meeting to be held on February 2,
to decide to continue the plan to increase oil production by 400 thousand barrels per day monthly in March.

Oil prices are likely to continue rising this week,
as Brent crude is believed to remain above $90 a barrel,
given the expectation that OPEC+ will maintain the current policy of gradually increasing production.

US Russia discussions about the attack on Ukraine

Pentagon chief, Lloyd Austin, said on Friday that the US administration,
is not yet clear whether Russia intends to attack Ukraine,

but it believes that Moscow is currently militarily equipped to carry out such an attack.

Austin has also indicated that the United States does not rule out Russia taking “extremely provocative steps,
such as recognizing the independence of the territories separated from Ukraine.”

In the meantime, “conflict is not inevitable,” according to the Pentagon chief.

For his part, Secretary of the Security Council of the Russian Federation, Nikolai Patrushev

said that Russia has no desire to fight with Ukraine, and Moscow does not pose threats.

“The Ukrainians themselves, including the officials, say they are not being threatened.

But US officials say they are not threatened, ready to fight,
and provide enough weapons to the Ukrainians, parties or not,” Patrushev said.

According to Western media, for his part,
US President Joe Biden said that he intends to ,
send additional troops to the NATO countries’ territories in Eastern Europe soon.

Biden has made it clear that he will do so “in the near future,” according to them.

The Pentagon announced earlier last week that it had put 8,500 troops,
on high alert in anticipation of the need to move them to Europe due to the tense situation over Ukraine.

Bloomberg reported last Friday that the UN Security Council meeting ,
on the situation in Ukraine is scheduled for Monday, even with Russia’s reluctance to do so.

The United States believes that the meeting,
is an opportunity for Russia to explain its actions on the border with Ukraine ,
and to clarify whether it is planning a diplomatic solution to the problem,
according to the agency.

US indices end the week higher after a 3-week decline

In the US, indices rose by 1.7-3.1% on Friday,
strong growth in the last hours of trading after strong corporate reports,
thanks to which indices were able to reach “positive” at the end of the week.

During the week, the Dow Jones index rose by 0.8% and the Standard & Poor’s – by 1.3%,
Previously, the Dow Jones and Standard & Poor’s indices had fallen for three weeks in a row.

The Nasdaq ended the week just 0.01% higher, but it was enough to break a four-week declines streak.

Investors also evaluated the latest statistical data released by the United States.

US Department of Commerce data showed that ,
the US population’s income in December rose by 0.3% compared to the previous month.

Meanwhile, Americans’ expenditures fell by 0.6%.

Which previously rose on the basis of six months in a row.

Analysts predicted an increase in the first indicator by an average of 0.5%,
while the second indicator dynamics matched expectations, according to Trading Economics.

The record consumer price index rose by 0.4% last month compared to November and 5.8% compared to December 2020,
and the annual growth rate was the highest in 40 years.

The core PCE index, which does not include food and energy prices,
rose by 0.5% on a monthly basis and 4.9% on an annual basis in December, the highest level since 1983.

Medium-term (next year) inflation predictions rose in January to 4.9% from 4.8% for the long-term (5 years) ,
up to 3.1% from 2.9%.

Positive trading in Asia and the Chinese exchanges are closed

Positive dynamics of stock indices also rolling Asia.

Australia’s ASX Australia rose by 0.2%, Japan’s Nikkei – by 1.4%,
Hong Kong’s Hang Seng – by 1.6%,
and mainland China and South Korea are closed due to celebrate the New Year according to the lunar calendar

Positive oil trading ahead of the OPEC meeting and the dollar rebounds against the sterling and the yen

النفط يظهر تداولات إيجابية قبيل اجتماع أوبك والدولار ينتعش أمام الإسترليني والين

Positive oil trading ahead of the OPEC meeting and the dollar rebounds against the sterling and the yen

Positive oil trading ahead of the OPEC meeting and the dollar rebounds against the sterling and the yen: Traders are awaiting the upcoming OPEC meeting,
at which the organization will announce whether it will maintain or increase current production levels.

Evest follows market developments in the following report.

Topics:

Oil rises and investors are waiting for the OPEC meeting

OPEC + Monitoring Committee

Standard & Poor’s completes its record run by setting a new high on the first trading day of 2022

Strong gains for Tesla and Apple

The dollar is weak against the euro and strong against the sterling and the yen

Oil rises and investors are waiting for the OPEC meeting

Oil prices rise Tuesday before the forthcoming OPEC + meeting.

The cost of Brent crude futures for February on the London Stock Exchange ICE Futures on Thursday is $79.42 per barrel,
$0.44 (0.56%) higher than the closing price of the previous session.

As a result of Monday’s trading, these futures rose by $1.2 (1.5%) to $78.98 per barrel.

The price of West Texas Intermediate crude futures for February in electronic trading on the New York Mercantile Exchange (NYMEX) at this time is $76.42 per barrel,
$0.34 (0.45%) higher than the final value of the previous session.

By the end of Monday’s trading, the value of these futures rose by $0.87 (1.2%) to $76.08 per barrel.

OPEC + Monitoring Committee

Ministers of the OPEC + Monitoring Committee, and then ministers of all OPEC + countries,
will meet on Tuesday to discuss the state of the oil market and to decide whether to change the plan to increase oil production by 400,000 barrels per day in February,

which was approved in July 2021.

Bloomberg’s OPEC + sources stated that the organization intends to maintain the pre-approved plan again.

On Monday, OPEC adjusted its oil market forecast for the first quarter of 2022.

According to new forecasts, the oil supply on the world market from January to March will exceed demand by 1.4 million barrels per day.

Previous projections assumed that the oversupply would be 25% higher.

The change in expectations is due mainly to the outlook for oil supplies that were weaker than previously assumed by non-OPEC members.

The previous day, OPEC ministers had elected a new Secretary-General of OPEC at an extraordinary meeting ,
effective August 1, 2022, Haytham Al-Qays of Kuwait was elected for a three-year term, the organization said.

Standard & Poor’s completes its record run by setting a new high on the first trading day of 2022

US stocks rose confidently on Monday, with the Dow Jones Industrial Index and the Standard & Poor’s 500 ending their first session of 2022 at record levels.

At the end of 2021, Standard & Poor’s added 26.9%, the Nasdaq Composite Index – 21.4%, and the Dow Jones Industrial Index – with an average of 18.7%.

The Dow Jones Industrial Index rose 246.76 points (0.68%) at the close of the market on Monday to 36585.06. Standard & Poor’s 500 rose by 30.38 points (0.64%) to 4796.56 points.

The Nasdaq Composite Index rose by 187.83 points (1.2%) to 15832.8 points.

Experts say the start of the year may be less successful for the US stock market.

The emergence of Covid- 19 vaccines, the lifting of quarantine restrictions,
as well as the soft policy of the Federal Reserve System (FRS) and other global central banks,
boosted financial markets last year.

This year, however, economists warn that the Fed plans to tighten monetary policy, which will put pressure on markets.

Strong gains for Tesla and Apple

Apple’s stock price rose 2.5 percent on Monday to $182.01. The stock price rose to $182.88 during the session,
increasing the company’s capital by more than $3 trillion,
but it could not remain at this level, for its decline with the closing of the market.

Tesla’s stock rose by 13.5% – up to USD 1199.78. Deutsche Bank analysts raised the company’s stock target to $ 1200 from $ 1000.

Last year, Tesla increased the supply of electric cars by 87%, to 936 thousand units.

The result exceeded both the expectations of experts surveyed by FactSet at 897 and Tesla’s expectations,
which planned to increase shipments by 50%.

Stocks of Ford Motor and General Motors rose by 4.8% and 4.3% respectively.

The dollar is weak against the euro and strong against the sterling and the yen

The United States dollar is falling slightly against the euro while looking strengthened against the yen in trading on Tuesday.

The ICE dollar index, which shows dollar dynamics against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling, Swedish krona) ,
adds 0.01%, and the broader WSJ dollar index also adds 0.01%.

The euro pair traded against the dollar at 1.1304 on Tuesday, up from $1.1299 at the end of the previous session.

While the US currency recorded against the yen 115.79 yen, from 115.32 yen the previous day.

The sterling lost 0.1% against the dollar during the dealings, and the Australian dollar increased 0.3%.

Issues of concern to foreign exchange traders at the end of last year – the situation under the Coronavirus and inflation prospects – also remained dominant in early 2022.

“This year started the same way it ended last year, and it is unlikely that much new information will emerge this week,” Danske analysts said.

The dollar value of the ICE index rose by about 7% at the end of 2021, the best annual dynamic since 2015.

The dollar was backed by predictions that the Federal Reserve System (FRS) would soon begin to raise its prime interest rate,
amid a strong economic recovery in the United States and high inflation.

The consumer price index PCE Core, which excludes food and energy costs, rose by 4.7% in November, the fastest since 1982.

The Fed plans to cut the entire asset buyback program by March 2022,
and most of its executives expect three base price increases in the year that has already begun.

As neither the European Central Bank nor the Bank of Japan plans to tighten policy so far,
the dollar’s strength against the euro and yen is likely to continue, as the Trading Economics website points out.

On Wednesday, the Fed will release the minutes of the December 14-15 meeting of the Federal Open Market Commission (FOMC),
which could help market participants better understand the mood of central bank leaders.

Oil rises for the eighth consecutive week and positive trading in Asia, Europe and the United States

Oil rises for the eighth consecutive week and positive trading in Asia, Europe and the United States: Oil managed to continue the hike for the eighth week in a row,
and the exchanges in Europe, Asia and the United States of America grew as well, ending the week higher.

Evest follows all this in the following report.

Topics:

Oil gained 3% last week

United States Vaccine Commission approves an additional dose of the Johnson & Johnson vaccine

Bitcoin exceeds 60 thousand dollars for the first time since April

Hikes in the US, Asian and European stock markets

Oil gained 3% last week

Oil prices rose on Friday, ending the week with gains of more than 3% to close in the positive zone for the eighth week in a row,
with strong demand amid the global energy crisis in both Europe and Asian countries.

The cost of Brent oil futures for December on the London Stock Exchange ICE Futures is $84.77 per barrel, 0.92% higher than the closing price on Thursday.

Earlier during trading, the futures price rose for the first time since October 2018, above $85 per barrel, to $85.1 per barrel.

US crude oil futures for November rose in trading on the New York Mercantile Exchange by this time, by 0.98%, to $82.13 per barrel.

Prices have risen more than 13% over the last month, with signs that supply will be limited over the next few months,
while rising gas and coal prices have led to a dramatic shift to petroleum products.

Rising natural gas and coal prices in Europe and Asia have forced companies to use oil and petroleum products more actively.

Bank of America analysts predict a market supply deficit of about 1 million barrels per day, according to Trading Economics.

Meanwhile, Goldman Sachs experts believe that the price of Brent crude could rise to $90 per barrel by the end of this year,
with the market experiencing “the longest deficit in recent decades.”

The International Energy Agency (IEA) predicts that demand for oil could rise by 500 thousand barrels per day

in the coming months as a result of the energy crisis.

This could lead to a rapid decline in the reserves of the Organization for Economic Cooperation and Development (OECD) countries,
as OPEC + continues to adhere to the previously defined plan to restore production, and gradually increase it.

United States Vaccine Commission approves an additional dose of the Johnson & Johnson vaccine

The US Food and Drug Administration (FDA) Vaccines Committee has approved an additional dose of Johnson & Johnson’s COVID-19 vaccine, according to CNN reports.
Members of the Committee unanimously supported this decision.

It is recommended that a booster dose of the vaccine be administered to citizens over 18,
not later than two months after vaccination with this single-component vaccine.
The Food and Drug Administration will now decide whether to approve this recommendation of the Committee.

The US company Johnson & Johnson has submitted a request to the Food and Drug Administration (FDA) ,

for approval to use an additional dose of its COVID-19 vaccine in early October.

About 15 million people in the United States received a single-component vaccine from Johnson & Johnson against the coronavirus.

In September, the US Food and Drug Administration approved a booster dose of the Pfizer vaccine for people over 65,
as well as for people at risk of serious illness and those at risk of the virus.

Bitcoin exceeds 60 thousand dollars for the first time since April

Bitcoin rose above the $60 thousand mark on Friday for the first time since April of this year.

Traders are awaiting the results of a US SEC study of requests for bitcoin-traded investment funds, according to MarketWatch.

Four of these requests were submitted in August, and some are due to undergo organizational review next week.

The cost of the cryptocurrency was $61,260, which was 6.5% higher than the price at the close of the previous session, according to data from CoinDisk.

Cryptocurrency companies have repeatedly tried to get SEC approval to create ETFs for bitcoin since 2013, but the regulator has always denied their requests.

Launching such a fund would increase the legitimacy of cryptocurrencies and make it easier for institutional investors to invest in this market.

The day before, the SEC’s Investor Education Service tweeted a message warning investors not to “assess risks and benefits” before investing in a fund based on bitcoin futures.

This tweet was taken by some traders as a sign that the SEC may approve the first bitcoin trading fund next week.

In September, SEC Gary Gensler’s president announced support for bitcoin-traded investment funds,
that would invest in crypto-currency futures traded on the Chicago Mercantile Exchange (CME).

Hikes in the US, Asian and European stock markets

In the United States, stock indices rose by 1.6-1.7% on Friday, and Standard & Poor’s rose by 1.7%,
the most since March, amid reports of the largest US banks and a number of other companies exceeding expectations.

On Friday, growth in stock indexes also prevailed in Asia, with Japan’s Nikkei index rose by 1.8%,
China’s Shanghai Composite 0.4% and Hong Kong’s Hang Seng 1.5%.

In Europe, the rises of British Futsy, French Kak and German Dax Pence ranged from 0.4% to 0.8%.

In the United States, statistics were received from different actors on Friday.

Retail sales rose in September by 0.7% on a monthly basis against expectations of a 0.2% decline. According to revised data, sales rose by 0.9% in August,
up from 0.7% as previously announced, according to Trading Economics.

The New York Empire’s Manufacturing Activity Index fell in October to 19.8 points against expectations of falling 25 points from 34.3 points in September.