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  • Mild winter in Europe shifts LNG trades

    From seatrade-maritime.com

    LNG markets continue to surprise. At the beginning of 2023, the big themes are that European imports will continue to drive seaborne tonne-miles higher, supplemented by a resumption of imports into China as economic activity there resumes. In a mid-January webinar presentation by Kristen Holmquist, the lead data analyst at shipbroker and LNG consultancy Poten & Partners, these observations were buttressed by deep underlying analytics. Any predictions of what might happen are highly nuanced, and subject to a variety of “what-if?” considerations. But Poten’s analytical team suggests that overall seaborne LNG ... (full story)

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    Private sector contraction in the US continues into the new year, with renewed pick up in cost...

    From pmi.spglobal.com|Jan 24, 2023|16 comments

    Private sector firms in the US registered a further decline in output at the start of 2023, according to latest ‘flash’ PMI™ data from S&P Global. The fall in business activity ...

    NYSE trading open sees unusual number of halted stocks

    From @DeItaone|Jan 24, 2023

    tweet at 9:37am: NYSE TRADING OPEN SEES UNUSUAL NUMBER OF HALTED STOCKS tweet at 9:37am: Looks like 81 stocks were just halted for LULD despite not hitting the bands/thresholds: https://t.co/seHwXtgEpg tweet at 9:38am: Trades were posted to tape that were incorrect. tweet at 9:40am: BREAKING — several stocks are halted for an unknown reason at the start of trading, and aren’t showing up on computers or tablets resulting in confusion across the NYSE floor “It’s a huge problem,” one long time trader tells me. “I’ve never seen anything like it.” @TheStreet https://t.co/Tg58SqT2NQMarket Goes Haywire With Dozens Of NYSE Trading Halts At The Open After "Technical Glitch" It has been a while since we had a market-wide break. Something snapped at exactly 9:30:00 am ET this morning when stocks opened for trading, only... they didn't, as instead hundreds of NYSE-listed stocks were immediately halted for trading after breaching circuit breaker limits... image ... which among others saw giga-caps such as Exxon, Morgan Stanley, Verizon, AT&T, Nike, McDonald’s and Wells Fargo tumble as much as 8%, or more... While it is unclear what the "technical glitch", as CNBC called it, in question was many stocks had abnormally large moves when stocks opened for trading, which triggered the resulting volatility halts. It took several minutes for the circuit breakers to be lifted and for trading to return to something resembling normalcy although nobody knows if these prices are accurate or still affected by whatever glitch halted trading.

    Bank of Canada likely to raise rates again Wednesday — but should it?

    From cbc.ca|Jan 24, 2023

    The Bank of Canada is widely expected to raise its trend-setting interest rate this week by a quarter of a percentage point, which would bring it to 4.5 per cent. If it happens, ...

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    Manufacturing Activity Declined in January

    From richmondfed.org|Jan 24, 2023

    Fifth District manufacturing firms reported some deterioration in business conditions in January, according to the most recent survey from the Federal Reserve Bank of Richmond. ...

    Sub-Zero Temperatures Set To Boost LNG Demand In Asia

    From oilprice.com|Jan 24, 2023

    A wave of freezing weather is sweeping across Asia and will likely boost energy demand on the continent as the thermometer plunges deep below zero. Per Bloomberg, northern China ...

    Daily natural gas spot prices in western United States exceed $50.00/MMBtu in December

    From eia.gov|Jan 24, 2023|1 comment

    On December 21, 2022, daily natural gas spot prices at three major trading hubs in the western United States (Pacific Gas & Electric [PG&E] Citygate, Northwest Sumas on the ...

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  • Posted: Jan 24, 2023 9:50am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 96
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